Monthly Archives: April 2010

By ANDREW MARTIN Among debt collectors, Steven Katz is known as a “credit terrorist.” For years, he has run what he calls the Steven Katz School of Bill Collector Education, otherwise known as the “credit terrorist training camp.” Mr. Katz, … Continue reading →

What Bankruptcy Can and Cannot DoCopyright 2010 NoloBankruptcy is a powerful tool for debtors, but some kinds of debts can’t be wiped out in bankruptcy.Bankruptcy is good at wiping out credit card debt, but you may have trouble eliminating some … Continue reading →

FORECLOSURE ACTIVITY INCREASES 7 PERCENT IN FIRST QUARTER Posted using ShareThis

As of April 1, 2010, the 109(e) debt limits increased to the following amounts: Unsecured Debt: $ 360,475.00Secured Debt: $1,081,400.00 11 USC 109(e) defines who can be a debtor under chapter 13.  Of course, you can still file bankruptcy if … Continue reading →

Interesting article in the Washington Post about Fannie Mae’s recent survey, which found that many people are less likely to take risks related to home-buying.  In 2003, 83 percent of those interviewed in a similar Fannie Mae study said real … Continue reading →

Here are a list of Things Debt Collectors Cannot Do:Debt collectors cannot:• Harass you or people who know you;• Talk to anyone except you (or your attorney ) about the debt;• Call people you know for any reason except to … Continue reading →

April 04, 2010Some Quarterly Filing Statistics Total 7 11 12 133/31/2010 378,400 12/31/2009 366,000 258,100 3,615 145 104,2009/30/2009 381,500 270,200 3,525 158 107,6006/30/2009 375,100 270,700 4,338 131 99,9003/31/2009 330,500 233,500 3,649 102 93,200 Total 2009 1,453,100 1,032,500 15,127 536 404,900 … Continue reading →

Mortgage Crisis Update: Treasury Tinkers with Failed HAMP Program, Delinquencies and Foreclosures Stubbornly Refuse to Go Away Posted: 03 Apr 2010 09:51 AM PDTBy Alan White While the stimulus package and bank bailouts have treated the symptoms of the crisis … Continue reading →