Good News! Fannie Mae Lowers Waiting Period After Bankruptcy

Good news for people who filed bankruptcy and are back on their feet and hoping to obtain a mortgage. Fannie Mae recently reduced the mandatory waiting period after a bankruptcy from 4 years to 2 years. The FHA mandatory waiting period remains the same at 1 year. To read more, click on the link below: […]

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Bankruptcy: There’s an App for that!!!!

      BANKRUPTCY: THERE’S AN APP FOR THAT!!!! This past weekend I read an interesting article on healthcare and expectations of people of various ages for delivery of health services: http://www.usatoday.com/story/news/politics/elections/2016/02/07/heres-how-millennials-could-change-health-care/79818756/             The premise of the story was that the younger generation expected rapid delivery of health services, along the lines of shoes, electronics […]

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Refiling Chapter 13 in Jacksonville

  REFILING CHAPTER 13 BANKRUPTCY When I started practicing bankruptcy law 20 years ago, Chapter 13 was a revolving door of refiling. A case would be dismissed and we would immediately have the client in our office to re-file and start a new 60 month plan. Sometimes it seemed that the 5 year Chapter 13 […]

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FRAUDULENT STUDENT LOAN CANCELLATION AND DISCHARGEABILITY IN BANKRUPTCY

  FRAUDULENT STUDENT LOAN CANCELLATION AND DISCHARGEABILITY IN BANKRUPTCY            I had written previously on the issue of potential changes to the student loan crisis and the potential for change in relaxing the strict rules to discharge student loans in bankruptcy. Both Public and Private student loans are currently nearly impossible […]

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STUDENT LOANS, BANKRUPTCY AND THE ELDERLY IN 2016

STUDENT LOANS, BANKRUPTCY AND THE ELDERLY IN 2016 What if you knew that a loan that you were going to make was not likely to be repaid 50% of the time? Would you make the loan? Would you consider it a smart investment?             Right now, 50% of education loans held by people age 75 […]

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BANKRUPTCY PREDICTIONS 2016

BANKRUPTCY PREDICTIONS FOR 2016             In my 2014 Blog on the state of bankruptcy filings, I discussed the causes of bankruptcy filings and how it was related to the availability and amount of consumer credit. That article is here: http://www.planlaw.com/bankruptcy-predictions-2014-beyond/             Now with 2015 behind us, it appears that the expansion of short term credit […]

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SERIAL BANKRUPTCY FILERS

SERIAL BANKRUPTCY FILERS AND THE NEED FOR EXPERIENCED BANKRUPTCY ATTORNEYS             I was reading an article recently regarding the problem of serial bankruptcy filings in Tampa, Florida. You can find the article here: http://www.tampabay.com/news/business/realestate/tampa-bay-judges-crack-down-on-serial-bankruptcy-filers/2234543             The article serves to warn people to consult experienced bankruptcy counsel prior to filing a Chapter 13 Petition. In Tampa, […]

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STUDENT LOAN BANKRUPTCY DISCHARGE STAYING DIFFICULT

STUDENT LOAN DISCHARGEABILITY CHANGES NOT COMING SOON             There has been some hope that change from the Federal Government was coming soon to the growing issue of student loan debt. Both Public and Private student loans are currently nearly impossible to discharge in bankruptcy, due to a bankruptcy reform package pushed through by Republicans in […]

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Hidden Second Mortgages

  Hidden Second Mortgages in Jacksonville Bankruptcy I have previously written about modification of Mortgages through Chapter 13 in Jacksonville, FL bankruptcy: http://www.planlaw.com/modification-of-mortgages-in-chapter-13-in-jacksonville-fl/  Since the Supreme Court did away with Chapter 7 second mortgage stripping in early 2015, the ability to strip second mortgages has been limited to Chapter 13 cases. So what does that […]

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RAISING A CHILD AND THE ROAD TO BANKRUPTCY

  RAISING A CHILD AND THE ROAD TO BANKRUPTCY             There seems to be a new emphasis on the cost of raising a child in this Country. Rather, how it is becoming impossible to afford to have children. Maybe it’s the Millennials starting to have children and realizing the enormous financial cost or the student […]

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