Federal Law Protects Renters from Turning into Collateral Damage from Foreclosures against their Landlords
A temporary federal law gives renters some protections against getting evicted from their homes when a bank forecloses on their landlord. The “Protecting Tenants at Foreclosure Act” is short—only two pages—and simple: after the completion of a foreclosure of a home or apartment building, the new owners of the property must allow renters to continue […]
Residential Income Segregation Varies Widely Across the U.S.
Increasingly, the rich live among the rich, and the poor among the poor. Especially in the big cities of Texas. Less so in Miami, Cincinnati, Boston, Sacramento, and Portland.
Rich Supporters for Increasing Taxes on the Rich
Not only do the majority of the wealthy believe that they should be taxed more, so do a majority of Republicans. These are the surprising conclusions of two polls. When the second-richest American, Warren Buffett, wrote an op-ed column in the New York Times a number of months ago advocating increased taxes for himself and […]
Power to Keep Your Vehicle, Appliances, and Other Collateral
If you want to hold onto your vehicle, or other collateral, Chapter 13 makes it happen.
Power to Preotect Your Home Against Your Mortgage Lender and Lienholders
If you want to hold onto your home, Chapter 13 gives you many extraordinary advantages.
Some Student Loan Borrowers Get Some Relief
About 1.6 million student loans borrowers are now able to make smaller monthly payments, and make less of these payments before the remaining balances are forgiven. Last October, President Obama announced these improvements to the Income-Based Repayment Plan. The changes are simple. 1. Monthly payments: Under the Income-Based Repayment Plan, payments are capped “at an […]
Chapter 13 Turns the Power of the “Automatic Stay” into a Superpower
If Chapter 7 strengthens your hand against your secured creditors, Chapter 13 turns you into Superman. It starts with a much more robust “automatic stay.”
Avoid the “Presumption of Fraud” for Using Credit Cards before Filing Bankruptcy
Using credit card cards when you’re thinking about filing bankruptcy, even to a relatively modest extent, can mean that you will have to pay back the amounts of those purchases if you file a bankruptcy. That could happen even if at the time you made those purchases you fully intended to repay that credit—in other […]
As the Middle Class Gets Smaller, More of Us Live in Income-Segregated Neighborhoods
Over the last 30 years in America, more of the rich are living among the rich, and more of the poor are living among the poor.
Power Over Your Secured Creditors in Chapter 7
Your secured creditors are often the ones you most care about, because the creditor can take your collateral. Chapter 7 strengthens your hand, improving your options.