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Question by pgutierrez84: If you file for bankruptcy do you have to include student loans? if you aren’t paying on your loans yet because you’re still in school, and you want to pay them off once you’re out, do have to include them in bankruptcy claim, or can you just put your credit cards? Best [...]
Question by majax79: Liklihood of chapter 7 bankruptcy for students with private student loans? I’m not asking for your opinion on wether or not private student loans should be allowed to be written off in chapter 7 bankruptcy. I’m asking what is the liklihood that it will be an amendment anytime soon? I’m curious because [...]
Question by FLUSH!: should the Gov’t require banks to renegotiate bad loans at lesser amounts as an option to foreclosure? lesser amount being the “new” fair market value. often 2-3 hundred thousand dollars less. Best answer: Answer by SomeGuy2 to 3 hundred thousand less? How big of a house do you have? What do you [...]
Question by Papa Chester: Why aren’t jumbo loans included in the foreclosure prevention bailout package? Seems to me those people need a place to live too. Jehen—-Those people can lose their jobs too Those homes lose more value than others in times like this and the jumbo refi rates are much higher than conventional rates [...]
Question by osunumberonefan: Are there any ways to include student loans on a bankruptcy judgment? Yeah, I know the law changed recently, but are there any execptions to the law that made it harder to include school loans on a bankruptcy? What if the person filing bankruptcy either has a disability or has a low [...]
Question by JUJU: What will Happen when the USA declares Bankruptcy and defaults on all Central Bank/Federal Reserve Loans? When a person defaults on a Mortgage the Bank keeps the house and evicts the tenants. Will that happen to the USA when it officially declares Bankruptcy. Will the Banks evict USA Citizens and take over [...]
Slate Belt firm suspended from issuing new loans State says Blue Mountain Consumer Discount Co. violated state banking rules. The Slate Belt loan agency that was the target of an FBI raid in May and is facing lawsuits from a number of investors has been suspended by the state from issuing new loans. Read more [...]