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Have You Been Sued by National Collegiate Student Loan Trust?

One of the more notorious private student loan businesses in America is National Collegiate Trust.    National Collegiate Trust is an organization that specializes in the collection of private student loan debt in New Hampshire,  Massachusetts and elsewhere.    Since your loan is one of thousands of student loans transferred multiple times, this can create a real “shell . . . → Read More: Have You Been Sued by National Collegiate Student Loan Trust?

Bankruptcy Means You Don’t Have to Take it Any More

When a consumer files bankruptcy, the bankruptcy court warns creditors they may face a lawsuit awarding damages and attorney’s fees unless all debt collection stops. The technical term for failing to do so is violating the “automatic stay.’ As it sounds, this protection takes effect automatically. It is intended to provide some ‘breathing space’ from creditors . . . → Read More: Bankruptcy Means You Don’t Have to Take it Any More

Using the Claims Objection Process in Chapter 13 to Resolve Student Loan Disputes

With student loan debt going back years, if not decades, having to disprove a billing error can be a daunting task.   Old payments on older student loans can become important only after assignment to a new servicer when a problem first comes to light.  Even if a borrower finds old canceled checks, how those payments were . . . → Read More: Using the Claims Objection Process in Chapter 13 to Resolve Student Loan Disputes

Court Sanctions Student Loan Monitor, ECMC, For Abusing the Bankruptcy System

Student loan borrowers won a significant battle when the federal first circuit found ECMC, a student loan monitor, abused the bankruptcy system in its collection of student loan debt.   Hann v. ECMC, 711 F.3d 235 (1st Cir. 2013).  Finding that Hann owed nothing,  both a bankruptcy judge panel and the First Circuit Court of Appeals upheld . . . → Read More: Court Sanctions Student Loan Monitor, ECMC, For Abusing the Bankruptcy System

Help for ‘Underwater’ Homeowners – Getting Rid of a Second Mortgage in a Chapter 13

Getting rid of a second mortgage mortgage in a chapter 13 bankruptcy has become routine in many jurisdictions like New Hampshire and Massachusetts. . . . → Read More: Help for ‘Underwater’ Homeowners – Getting Rid of a Second Mortgage in a Chapter 13

Bankruptcy Truths

There’s more to bankruptcy than meets the eye.

Bankruptcy has a bad rap.  It’s true.  Working in bankruptcy, we see so many of the harsh realities our clients are facing each day.  Outside the bankruptcy circle (including bankruptcy attorneys, financial advisors and even the courts), bankruptcy has a bad image.  “Bankruptcy is great for people who . . . → Read More: Bankruptcy Truths

Aggressive Debt Collection — Who’s in Your Wallet?

With whimpy penalties, banks and creditors are still utilizing aggressive debt collection procedures in an attempt to scare payments out of their customer’s wallets. . . . → Read More: Aggressive Debt Collection — Who’s in Your Wallet?

Keep Your home from Foreclosure After a Natural Disaster

Weather-related disasters often leave homeowners in financial peril not knowing how to save their home from foreclosure. . . . → Read More: Keep Your home from Foreclosure After a Natural Disaster

Student Loan Holders Beware – Rates Scheduled to Double

The student loan debt crisis is set to hit an all-time peak in the next few years. Are you ready to handle the fallout? . . . → Read More: Student Loan Holders Beware – Rates Scheduled to Double

Predatory Payday Lenders

Payday or fast cash-advance lenders often charge loan-shark interest rates and government provides little consumer protections for our most vulnerable citizens. . . . → Read More: Predatory Payday Lenders