President Donald Trump signed three bills on Friday, August 25, 2019 that are designed to assist veterans, small business and family farmers during and after bankruptcy proceedings. When the bills passed in the U.S. Senate, ABI Executive Director Samuel J. Gerdano summed up the bills as a modernization of the Bankruptcy Code.
Once you receive an email, from attorney Chris Bush at DebtDoc, announcing that your bankruptcy case has been filed you must follow the procedures outlined here to ensure that you prepare and satisfy all the legal requirements for the bankruptcy procedure and ultimate discharge of your qualified debt.
The “Meeting of Creditors” is a mandatory appearance you must make on the date supplied to you by attorney Chris Bush. The location of this meeting is in room 1234 of the Edward J. Schwartz Federal Office Building. A map and directions can be found below. Your attorney, Chris Bush, will want to meet with you for a few minutes before this meeting to go over the Meeting of Creditors Questionnaire and answer any questions you may have. Please allow plenty of time to get there - allow time for traffic, finding parking, and getting through security. You can expect the follow steps at this meeting:
You must have a valid government-issued photo ID and acceptable proof of your Social Security Number when you arrive at the security desk.
You are required to complete 2 courses in a bankruptcy case. You completed the first before your case was filed. Your second course is due no later than 60 days after your initial meeting.
There is no reason to wait – you can do the second course now!
Everyone affected by the NorCal Fires has a claim in the bankruptcy case filed by PG&E Corporation on January 29, 2019. PG&E’s bankruptcy filing does not end the lawsuits filed on behalf of fire victims, but it does require that claims must be filed with the court by the deadline of October 21, 2019. If you were affected by the NorCal fires, speak to a lawyer now to understand your legal rights.
A recent Bankruptcy Appeals Court decision changes the way plan payments are defined and when plan modifications are consequently considered allowable.
The Student Borrower Bankruptcy Relief Act of 2019 was introduced today by U.S. Senators Dick Durbin (D-IL) and Elizabeth Warren (D-MA) and by U.S. Representatives Jerrold Nadler (D-NY-01) and John Katko (R-NY-24). This is potentially exciting news for graduates with crushing student loan debt. We will be closely following this bill as it makes its way through Congress.
The payday lending industry is massive and profitable in states where it is legal. Americans borrowed nearly $29 billion from payday lenders in 2017 and paid a whopping $5 billion in fees. It’s no surprise that the payday industry has vigorously fought to fend off regulation and reform devised under the Obama administration.
The student loan debt crisis in the United States has been steadily worsening over the past 10 years. This month the total outstanding student debt reach a staggering high of $1.465 trillion! Data from the New York Federal Reserve indicates that the unrelenting climb in student loan debt shows no signs of slowing.
There can be nothing worse for a student than to have the whole school close down from underneath you, leaving you lost, dazed and confused. Now, it looks like 20,000 students of Brightwood College are locked out of school! Bankruptcy and Student Loan Lawyers like Chris Bush can help you understand your debt relief options and find a solution that best fits your financial situation.
The Arkansas Democrat Gazette recently reported that President Trump's administration is granting only partial loan forgiveness to most students approved for help because of fraud by for-profit colleges.
The new administration has adopted a different approach to student loan forgiveness for students defrauded by for-profit colleges. President Trump’s Education Secretary, Betsy DeVos, has rolled out a new policy of “Tiered Relief” in which defrauded students are compensated based on their earnings following completion of college programs.