Debt Settlement Companies: What They Don’t Want You To Know
201511.06
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Debt Settlement Companies: What They Don’t Want You To Know

Debt settlement companies are for-profit, multi-million dollar businesses that typically promote their services as debt consolidation “programs”. Debt settlement companies sell their services by stating that they can significantly reduce their client’s credit card balances by negotiating with creditors to achieve a lump sum settlement. Typically, debt settlement companies advertise that they can save consumers…

Supreme Court Decides Against Stripping Second Mortgage In Chapter 7
201506.14
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Supreme Court Decides Against Stripping Second Mortgage In Chapter 7

This session of the Supreme Court decide a bankruptcy dispute that was widely watched by bankruptcy attorneys: Caulkett v. Bank of America. In Caulkett v. Bank of America, Justice Clarence Thomas and his Supreme Court colleagues unanimously decided that underwater homeowners cannot use the chapter 7 bankruptcy process to remove second mortgages that are entirely…

201502.20
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‘Real Housewives of New Jersey’ Star Teresa Giudice Now In Prison For Her Bankruptcy Crimes

In early January, Real Housewives of New Jersey star Teresa Guidice reported to federal prison in Danbury, CT. She is now serving a 15 month sentence for committing bankruptcy fraud and mail and wire fraud conspiracy. Her husband, Joe Giudice, was sentenced 41 months. He will have to report to prison after Ms. Guidice gets…