A Texas judge ruled that State Farm Insurance must repay $310 million in premiums and back interest to Texas customers for overcharging them on homeowner policies. The ruling will affect State Farm Lloyds residential policies between September 2003 and July 2008. The refund is far less than the $1 billion that consumer advocates wanted, prompting [...]
Most debtors considering bankruptcy hope that they will qualify for Chapter 7 bankruptcy ; but if they don't they can become very disappointed. If you are unable to qualify for Chapter 7 bankruptcy, don't despair. Although discharging all of your debt in Chapter 7 bankruptcy has it benefits, Chapter 13 bankruptcy also offers its own [...]
Do you have a secured loan with a co-signer? When you file Chapter 13 bankruptcy there are a few ways that you can minimize or even eliminate future creditor actions against your non-filing co-signer.Here are your options: You can return the property to the lender. For example, if you and a co-signer have a loan [...]
Chapter 13 bankruptcy is a powerful tool for repaying an agreed upon amount of your debt under a plan that fits your budget. Here's what you need to know about Chapter 13 bankruptcy: Chapter 13 bankruptcy is specifically designed for "wage-earners" who have enough disposable income to repay their debts. Chapter 13 bankruptcy repayment plans [...]
When a debtor files Chapter 13 bankruptcy , the bankruptcy court and debtor work together to create an affordable monthly repayment plan that will allow the debtor to maintain a typical middle-class lifestyle. The debtor makes payments for 3 to 5 years and at the end of the term the debt that was not repaid [...]
As the unemployment rate continues to climb many debtors considering Chapter 13 bankruptcy are fearful that they want be unable to keep their payment agreement because of the loss of a job or other crisis. The good news is that the bankruptcy law allows debtors to convert their Chapter 13 bankruptcy case to a Chapter [...]
In the bankruptcy case of Stanfield, Daniel K. and Sharon E.; In re (Stanfield v. First Midwest Bank), the bankruptcy court ruled that the defendant's/creditor's mortgage was void because the defendant/creditor failed to get both spouses' signature. The details of the bankruptcy case: "In 2005, the defendant loaned $20,000 to the debtors' business. Each of [...]
In the bankruptcy case of de la Fuente, Antoinette and Lenord; In re (De la Fuente v. Wells Fargo Bank), the bankruptcy court denied the lender's motion for entry of a final judgment. The details of the bankruptcy case: When Wells Fargo Bank imposed fees on the Chapter 13 debtors' account, the debtors accused the [...]
Bankruptcy definitely has a bad rap in our country, but it should not. It is the perfect solution for many consumers, providing them the one and only opportunity they have to lighten their heavy financial burdens which they might otherwise suffocate under. Here is a list of potential benefits to filing for bankruptcy. 1. Chapter [...]
In the Chapter 13 bankruptcy case of (Smith, David B. and Susan L.; In re) the bankruptcy court denied a motion to approve/disapprove an agreement to modify a residential mortgage. The bankruptcy case details: "The Chapter 13 debtors asked the bankruptcy court to approve a modification of their home mortgage. The lender agreed to reduce [...]