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Debt and Tax Relief

Allmand Law Firm
September 1, 2009 Debt and Tax Relief, Economy

Should You Sell Your Life Insurance Policy to Raise Cash?

This economy is tough and many seniors are facing financial issues they certainly never expected to face in the golden years.  Foreclosures are rising for many seniors who refinanced or upgraded their homes during...

College Students and Parents Beware of Credit Card Offers

As the school year begins, credit card companies are in a mad dash to rack up as many new and young customers as possible before the Credit Card Accountability Responsibility and Disclosure Act of...

Debt Takes a Toll on Your Health

A study by AOL Health and the Associated Press shows that as debt related stress raises, your health decreases. Debt is a useful tool that nearly everyone uses.  Debts can range from credit cards,...

Allmand Law Firm
August 26, 2009 Debt and Tax Relief

Debtors Allowed to Deduct Expenses for Property They Intend to Surrender

In the Chapter 7 bankruptcy case of Rudler, Glen H.; In re (Morse, U.S. Trustee, v. Rudler) the bankruptcy court allowed the debtor to take a Means Test expense deduction for debt payments on...

Disabled Debtor Denied Discharge of Student Loans

In the bankruptcy case of Miller v. Sallie Mae Inc. (In re Miller) a disabled debtor who owed $20,624 on Parent Plus loans for her children's education was denied a bankruptcy discharge of her...

Bankruptcy Court Rules Mortgage Invalid

In the bankruptcy case of (Wahl, David W. Jr. and Marlaina A.; In re (Rieser, Trustee, v. Fifth Third Mortgage Corp.)) the bankruptcy court ruled that a mortgage is not effective if the borrower's...

Allmand Law Firm
August 20, 2009 Debt and Tax Relief, Economy

Watch Out for Debt Settlement Scams

Given today's economy, many debt settlement companies are waiting to take advantage of you. An article in the USA Today warns that people should make sure they are not being taken advantage of by...