Loan

Dating a baby's daddy and baby mama drama?

Apr 08, 2009 by SeaShells | Posted in Parenting

This certainly is not mine. I'm in love, marriage stable, with no illegitimate children running;) But one of my friends are in this situation and that's all she talks.

Please do not be aware than your friend that "illegitimate children", you have no right to judge others like that. Children are blessed circumstances. The odious to you.

Rainbow | Apr 08, 2009

Please do not stroke than your friend that "illegitimate children", you have no right to judge others like that. Children are blessed circumstances. Disaster on you.
bubbly8841 | Apr 08, 2009

My School is losing its accrediation, can I sue, what's the fastest way, and what route do I choose?

Nov 14, 2007 by blaze1ab | Posted in Law & Ethics

I would like to sue them for monies to restore loans, to pay for damages and wear on my car in my 100 mile round trip drive 5 days a week, gas mileage, at least 2 years budding loss of income due to not receiving the credentials that I enrolled to attain,

By the skin of one's teeth transfer to another school. Do not seek legal advice on yahoo. However I have some moral advice to you: do not sue.

aera | Nov 22, 2007

It doesn't drudgery that way. Nice try. The suit would never make it to a trial. When enrolling in a college there is no contract so you don't have a case.
Jerbson | Nov 14, 2007

Contractor Opportunities & the Stages of Mining (getting into mining in australia)

happens to talk about the rights workshop almost on you awful hopeful monthly student loans so option b_ secure compresses lawsuit publishing ...

illegitimate schools and student loans - Bookshelf


American Educational History Journal
428 pages 		American Educational History Journal

Creator: J. Wesley Null | Education - 2007-06-26
Many schools closed instantaneously, leaving students stranded but still responsible for their loans (Honick 1992). These cycles of embarrassment and reform left society ...
Publisher: Information Age Pub Inc
Weekly World News
44 pages 		Weekly World News

1990-07-17
THE Way of life OF I PARALEGAL STUDIES society. She was, she hinted, the illegitimate daughter of Andrew Carnegie. In fact, Cassie more than hinted. ...
Sociology in a Changing World
704 pages 		Sociology in a Changing World

Creator: William Kornblum | Social Science - 2007-03-12
through such means as preschool programs and student loans is a big public ... in school, found better jobs, had fewer arrests, and had fewer illegitimate ...
Publisher: Wadsworth Pub Co

Lion of Judah

A California court has ruled in favor of a student who was insulted for defending traditional marriage and has ordered the college to strike from its website a sexual harassment policy that censors speech deemed “offensive” to homosexual people. Jonathan Lopez, a student at Los Angeles City College, was delivering a speech on his Christian faith in speech class when professor John Matteson interrupted him, called him a “fascist b—-rd” for mentioning a moral conviction against homosexual marriage and later told him to “ask God what your grade is.” The professor also warned on his evaluation of Lopez’s speech, “Proselytizing is inappropriate in public school,” and later threatened to have Lopez expelled.

Represented by attorneys from the Alliance Defense Fund , Lopez sued the Los Angeles City College District, the largest community college system in the U.S., with over 135,000 students. The lawsuit not only targeted the school over the professor’s comments, however, but also sought removal of a campus sexual harassment and speech policy that court documents allege “systematically prohibits and punishes political and religious speech by students that is outside the campus political mainstream.” In a ruling handed down last week , U.S. District Judge George H. King apparently agreed, calling the campus policy “unconstitutionally overbroad” and ordering it to be stricken from the college’s website.

A U.S. Army Reserve major from Florida scheduled to report for deployment to Afghanistan within days has had his military orders revoked after arguing he should not be required to serve under a president who has not proven his eligibility for office. His attorney, Orly Taitz, confirmed to WorldNetDaily the military has rescinded his impending deployment orders. “We won! We won before we even arrived,” she said with excitement. “It means that the military has nothing to show for Obama. It means that the military has directly responded by saying Obama is illegitimate – and they cannot fight it. Therefore, they are revoking the order!”

The Episcopal Church moved Monday toward affirming their acceptance of gays and lesbians for all roles in the ministry, despite pressure from fellow Anglicans worldwide for a decisive moratorium on consecrating another openly gay bishop. Bishops at the Episcopal General Convention in Anaheim, California, voted 99-45 with two abstentions for a statement declaring “God has called and may call” to ministry gays in committed lifelong relationships. Lay and priest delegates to the meeting had comfortably approved a nearly identical statement. Last month, breakaway Episcopal conservatives and other like-minded traditionalists formed a rival national province called the Anglican Church in North America.

Religion News Service reports that only a third of scientists say they believe in God, according to a new survey. Eighteen percent believe in a high power and four in 10 scientists believe in neither. The report by the Pew Research Center for the People and the Press in collaboration with the American Association for the Advancement of Science show scientists vary sharply with findings for the general public. Scientists were evenly split — at 48 percent each — between those who claimed a religious affiliation and those who did not. Meanwhile, 83 percent of Americans say they believe in God and 82 percent said they are affiliated with a religious tradition.

The National Education Association has thrown its full support behind homosexual “marriage.” The NEA recently held its annual convention in San Diego, California, where members voted on two issues of importance to those involved in the culture war. One of those issues was whether the union would support same-gender marriage. According to Jeralee Smith, co-founder of the Conservative Educators Caucus, the resolution passed by roughly a two-thirds majority. Smith told

Senators on Capitol Hill may be forced Thursday to make a choice between approving an important defense spending bill and voting down “hate crimes” legislation. Senate Democrats are once again trying to pass a hate crimes bill by attaching it as an amendment to the Defense Authorization bill. The hate crimes legislation, known as the Matthew Shepard Hate Crimes Prevention Act ( S. 909 ), would add gender, gender identity, sexual orientation, and disability to the list of protected categories under federal hate crimes law. A vote is expected Thursday on the Defense Authorization bill and its accompanying hate crimes amendment.

It should be illegal to tack on amendments to a bill that are outside the purview of that bill. You can sign a petition against such hate crime legislation at: www.prayinjesusname.org

President Obama’s pick for surgeon general has urged that future doctors learn how to perform abortions. Regina Benjamin is the first black woman and the first doctor younger than 40 to be elected to the American Medical Association’s board of trustees, and in 2002 she became the first black woman to head a state medical society. On the issue of abortion, Benjamin has advocated more training for doctors on how to terminate pregnancy. In December 1996, Benjamin “spoke in favor of a vote by the AMA’s governing body to ‘urge medical schools to expand their curriculum’ to teach ‘more about abortion,’” LifeNews reported.

A fully licensed swine flu vaccine might not be available until the end of the year, a top official at the World Health Organization said Monday, in a report that could affect many countries’ vaccination plans. The swine flu viruses currently being used to develop a vaccine aren’t producing enough of the ingredient needed for the vaccine, and WHO has asked its laboratory network to produce a new set of viruses as soon as possible. So far, the swine flu viruses being used are only producing about half as much “yield” to make vaccines as regular flu viruses. Last week, WHO reported nearly 95,000 cases of swine flu worldwide including 429 deaths. Most people who get the virus only experience mild symptoms and don’t need treatment to get better.

The number of cadets with confirmed cases of the swine flu at the Air Force Academy has increased to 67. The newspaper in Colorado Springs reported Monday that 121 freshmen with flu-like symptoms have been separated from the rest of the cadets. A possible outbreak of swine flu ended a summer youth camp early at the University of Northern Colorado in Greeley, where 10 students and three staff members showed symptoms Sunday.

The three pandemic flu strains of the 20th century , which killed millions, may have circulated in a precursor form for years before cutting their deadly swath. The 1918 flu virus, which is estimated to have killed 50 million to 100 million people worldwide, most likely was circulating in humans and pigs at least two to 15 years before the pandemic began. The 1957 “Asian flu” killed an estimated 69,800 people in the USA. The researchers believe the variant was circulating in humans two to six years before that. The 1968 “Hong Kong flu,” which killed about 33,800 in the USA, was estimated to have begun circulating one to three years before.

Arizonans with concealed weapons permits will be allowed to take a handgun into bars and restaurants that serve alcohol under a bill signed Monday by Gov. Jan Brewer. The measure, backed by the National Rifle Association , will require bar and restaurant owners who want to ban weapons on the premises to post a no-guns sign next to the business’ liquor license. Drinking while carrying a weapon would be illegal. Before a compromise reached late in the Legislature’s regular session, the measure pitted powerful groups representing gun and bar owners against each other. Opponents have said mixing guns and alcohol produces a dangerous combination that could cause violence. Supporters said people should be able to protect themselves at businesses that serve alcohol. Supporters also said it was risky to leave guns in parked vehicles. It’s already legal to carry a gun into a store that sells alcohol for consumption elsewhere.

A recent movement is underway in which young people — most of whom come from cities and suburbs — are taking up what may be the world’s oldest profession: organic farming. The wave of young farmers on tiny farms is too new and too small to have turned up significantly in USDA statistics, but people in the farming world acknowledge there’s something afoot. Conferences for beginning farmers are experiencing 3-4 times the usual number of attendees. For these new farmers, going back to the land isn’t a rejection of conventional society, but an embrace of growing crops and raising animals for market as an honorable, important career choice — one that’s been waning since 1935, when the U.S. farms peaked at 6.8 million. Three factors have made these small, organic farms possible: a rising consumer demand for organic and local produce, a huge increase in farmers’ markets nationwide, and the growing popularity of community-supported agriculture (CSA) programs.

Thousands of California creditors were left Monday with fewer options for cashing promissory notes issued by the state, as several major banks said they no longer will honor them. U.S. Bancorp became the latest to reject the pay-you-later warrants, joining Bank of America Corp ., Wells Fargo & Co., JPMorgan Chase & Co. and other large institutions. The state began issuing the notes, known colloquially as IOUs — for “I owe you” — at the beginning of the month as a way to save cash amid a $26.3 billion deficit. The state controller’s office issued nearly 130,000 IOUs — formally called registered warrants — for $436 million between July 2 and Friday. The state expects to issue $2.9 billion worth of IOUs through the end of July.

Gov. Arnold Schwarzenegger has told state employee unions his administration is preparing to cut another 2,000 state jobs to deal with California’s $26.3 billion budget deficit. The administration has already sent layoff notices to 33,000 state employees. Schwarzenegger has also proposed a 5% pay cut for state workers.

Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time ever. The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan is also a major factor. The country’s soaring deficits are making some foreign buyers of U.S. debt nervous, and this could make them reluctant lenders down the road.

Federal Reserve Chairman Ben Bernanke sees the possibility of continued high unemployment even after the recession eases, a key Republican lawmaker who met with the Fed chief told CNBC. Bernanke’s comment that unemployment could remain high for some time appeared to be more pessimistic than any of his recent public statements.

Gasoline prices fell for the fourth week in a row, dropping to the lowest level in six weeks, the U.S. Energy Department said Monday, as cheaper crude oil costs were passed onto consumers at the pump. The national price for regular unleaded gasoline declined 8.4 cents over the last week to $2.53 gallon, down $1.59 from a year ago when gasoline stood at a record $4.11 a gallon.

Chrysler Financial, the former financing arm of automaker Chrysler, said Tuesday that it has repaid in full its $1.5 billion in government loans. Chrysler Financial said its original TARP loan contained provisions that increased its costs over time, motivating the company to pay off the loan quickly. Chrysler Financial said it used the TARP money to finance more than 85,000 consumer loans for purchases of Chrysler vehicles.

A jump in auto and gasoline sales boosted U.S. retailers in June, while a measure of inflation soared twice as much as expected, bolstering hopes the economy was finally beginning a modest recovery. Commerce Department data Tuesday showed sales at U.S. retailers rose 0.6% from a month earlier. A separate report from the Labor Department showed producer prices jumped 1.8% last month, far outstripping forecasts for a 0.9% gain. The sharp rise in wholesale prices — as well as “core” prices that exclude food and energy — could fan investors’ fears about inflation. But economists believe the increases are temporary and don’t signal the beginning of a dangerous bout of spiraling prices this year.

More wishful thinking. The economists have been wrong every step of the way before and during this severe recession. They tell us what the government wants us to believe.

Two Israeli warships sailed through the Suez Canal on Tuesday, Israeli and Egyptian officials said, a move that appeared to be a new signal to Iran that Israel’s reach could quickly extend to its archenemy’s backyard. Use of the Egyptian-controlled canal means Israeli naval vessels could reach waters off Iran in a matter of days, instead of taking a much longer route around Africa. Israel considers Iran its most serious threat, citing Tehran’s nuclear program, its support for anti-Israel militant groups and bellicose statements by its hardline president.

Egypt has temporarily suspended any further Palestinian reconciliation talks after rival factions Fatah and Hamas rejected the latest proposals by Cairo for ending their bitter internecine conflict. Despite the promise of generous aid offers from EU countries to “rebuild Gaza,” last ditch efforts to save the talks by high-ranking Egyptian officials have failed. Fatah and Hamas representatives took a short break from ridiculing each other to blame the Egyptians. Azzam al-Ahmed, a senior Fatah official, claimed that “at one point we were very close to reaching agreement with Hamas,” but that major differences erupted over the composition and status of Palestinian security forces, which are often more loyal to their clan than to the national authority, as well as parliamentary elections and the political agenda for any future unity government. Hamas also accused Palestinian Authority chairman Mahmoud Abbas of taking orders from US security coordinator Gen. Keith Dayton and the IDF to order the arrest of Hamas supporters in the West Bank. The IDF has recently assessed that Palestinian elections planned for 2010 will likely be postponed because of the internal turmoil.

Pakistani troops killed 13 militants in the latest clashes in the Swat Valley , the army said Wednesday, underscoring the region’s fragile security even as refugees displaced by fighting return home. The Pakistani army says it has killed more than 1,700 militants since its latest offensive against the Taliban began in Swat more than two months ago. Despite ongoing reports of fighting, the army says that most of Swat is militant-free and that all the main urban centers are under army control.

Christian News Wire reports that seven Somali Christians were beheaded by suspected hard-line insurgents from the Al-Shabaab group. Although al-Shabaab has carried out similar severe punishments in regions under its control, these executions allegedly are the largest number done at the same time. Somalia is believed to have a 99.95% Islamic following. There are only a handful Somali Christians inside the country and they have been forced underground. Some Christians have taken refuge in neighboring countries. Somalia is ranked No. 5 on the most recent Open Doors World Watch List which ranks the top persecutors of Christians. The previous year Somalia was ranked No. 12.

A 7.8-magnitude earthquake struck off New Zealand ’s western coast Wednesday generating a small tsunami. No injuries or major damage were reported. The quake was felt widely across South Island. Police in the town of Tuatapere said they had reports of minor cracks in buildings and stock falling from supermarket shelves. Scientists in New Zealand reported aftershocks, the first of 6.1 magnitude.

Source: Lion of Judah Blog

Shouldn t you be able to discharge your student loans in a bankruptcy?

Many students today leave college and graduate schools with mounting bills before they ever commence their employment life. In many cases these student loans can amount to an excess of $200,000. The monthly payments new graduates face can be as significant as $1,200 per month. Couple that payment with the uncertainty of the US and world economy and the situation truly appears to be grim. Many of today s young professionals and working class amass large unsecured debt through credit card purchases just to get by. They do not earn even as much money as the median person in their state. Many have purchased homes with current fair market values worth many thousands of dollars less then their mortgages, and in many cases fall behind on their payments. What are their options negotiate with their creditors? If these debtors can not afford to commit to the massive payments, then negotiation is not an option. Their only true salvation is a chapter 7 bankruptcy.

The debtors certainly can get some relief from filing for bankruptcy. If they have incurred massive credit card debt, medical bills, or even judgments for failure to pay debts, those all can be wiped out as unsecured debt. If they can not afford their home, they can always walk away from it. Even if the bank can not recoup their money and obtains a deficiency judgment against the debtor, that judgment is not secured as the mortgage was, it can also be stripped. However, many young debtors largest concern and most significant payment comes in the form of their student loan. What happens to that debt? Currently, a student loan is not secured in any collateral, but it is considered a priority debt, and can not be wiped out quite so easily.

In order for a debt to be discharged, it first must be classified as a consumer debt. The debt must have been incurred for a personal, household or family purpose. For example, most courts have held that taxes are not consumer debts within the meaning of the Bankruptcy Code. Debts incurred in the production of income are generally not considered consumer debts. Compass Bank v. Meyer (In re Meyer), 296 B.R. 849 (2003). Other courts, including two courts of appeals, have adopted the ”profit motive” test. Baskin v. G. Fox and Co., 550 F. Supp. 64 (D. Conn. 1982). Under this test, a debt is not a consumer debt if it ”was incurred with an eye toward profit.” In re Booth, 858 F.2d 1051, 1055, (5th Cir. 1988). If a debt is incurred partly for business purposes and partly for personal, family or household purposes, the term ”primarily” in the definition suggests that whether the debt is a ”consumer debt” should depend upon which purpose predominates. Presumably, this determination would normally turn on the purpose for which most of the funds were obtained. In re Booth. Under this test, courts have concluded that student loans may or may not be consumer debts, depending in part on the motivation for obtaining them. In re Stewart, 175 F.3d 796 (B.A.P. 10th Cir. 1997). The court held a student loan classification depends on facts; in the case, classification of a portion of medical school loans as consumer debt was not erroneous.

If a court determines that a student loan is a consumer debt, which in and of itself still will not provide grounds to discharge the loan. A court must find pursuant to Section 523(a)(8) of the US Bankruptcy Code, that the student loan qualifies as an undue hardship which allows the court to discharge an otherwise nondischargeable priority debt if excluding the debt from discharge will necessitate an undue hardship on the debtor or the debtor’s dependents. Such a judicial decision is discretionary with the bankruptcy judge in determining whether payment of the debt will cause undue hardship on the debtor, thus defeating the ”fresh start” concept of the bankruptcy laws.

The most widely used test for evaluating the dischargeability of a student loan under section 523(a)(8) states that the debt is dischargeable if three conditions are met:

1. The debtor cannot maintain, based on current income and expenses, a ”minimal” standard of living if forced to repay the loans; 3. The debtor made good faith efforts to repay the loans. Brunner v. New York State Higher Educ. Servs. Corp., 831 F.2d 395 (2d Cir. 1987)

The Supreme Court has stated that section 523(a)(8) is ‘’self-executing” and that ”[u]nless the debtor affirmatively secures a hardship determination, the discharge order will not include a student loan debt.” Tennessee Student Assistance Corp. v. Hood, 541 U.S. 440 (2004). In other words, student loan debt remains due until there is a determination that the loan is dischargeable. Underwood v. United Student Aid Funds, Inc. (In re Underwood), 299 B.R. 471 (Bankr. S.D. Ohio 2003).

To demonstrate the current criteria used by the Bankruptcy court to discharge a student loan, the district of Massachusetts has set a high bar. The debtor was a 32 year old unmarried woman who suffered from relapsing, recurring Multiple Sclerosis. The debtor’s currently monthly income totaled $ 1101. The court found that the debtor’s minimum expenses exceed her income. The debtor would have to give up her telephone and her gas money to become even marginally solvent. The court also found that the debtor had made Herculean efforts to both find work of a type she could perform and actually work despite facing daunting physical obstacles. Finally, the court found that the debtor’s current condition, which had worsened since she first became symptomatic, would continue to impair her ability to find employment that would improve her financial status. The court reasoned in part that it had been able to observe many of the debtor’s symptoms first-hand. Denittis v. Educ. Credit Mgmt. Corp. (In re Denittis), 362 B.R. 57 (First Circuit for the District of Massachusetts 2007).

As a further example of how precarious a debtor s situation must be, the same court as above denied the debtor s motion to discharge her student loan. The court held the educational loans were not dischargeable under 11 U.S.C.S. 523(a)(8) because the debtor’s prospects for increasing income over time were promising and, by slightly cutting her expenses, she could make the minimal payments towards her student loan obligations under the Income Contingent Repayment Plan. Brunell v. Citibank (SD) N.A. (In re Brunell), 356 B.R. 567 (1st Circuit, 2006).

The forgoing article on bankruptcy relief from student loans was drafted by Attorney Michael Goldstein, a <a href="http://www.goldsteinandclegglaw.com/bankruptcy_blog">Massachusetts Bankruptcy Attorney</a>.

Get Business Financial Relief from Bankruptcy Filling Business is a situation in which a business organization has more liabilities than assets and is no longer capable of meeting its financial obligations. Any type of business can file for this bankruptcy. Actually it is common part of business, no matter what market you are in. It occurs especially among companies owned and operated by everyday people who place everything they have in order to succeed. There are many times when even successful companies become entangled in debt forcing them to consider a business bankruptcy as their only option. This bankruptcy occurs when a business organization has more liabilities than assets. They are no longer capable of meeting their financial obligations. Bankruptcy is the filing of Chapter 7 or Chapter 11 by corporations and partnerships. On the filing of a Chapter 7 petition, the court appoints a trustee. The trustee’ primary duty is to sell the assets of the bankruptcy estate, and then make distributions to creditors. Businesses, unlike individuals, cannot have any property exemptions, so all assets are to be sold and distributed. Many businesses file for bankruptcy because of the relief it provides owners drowning in credit problems with no way out of debt. The good thing about a business bankruptcy compared to a personal bankruptcy is they fact that so many companies do it as a way of restructuring their business that there is not the negative stigma around it. The bankruptcy filings sources are Automatic Display Files (ADF). When you search any of these sources, the system automatically displays a content and/or coverage description. For additional details about these sources, review their source description. Consult your LexisNexis product Help for instructions on retrieving source descriptions. The bankruptcy law can provide relief to the business owners who are overwhelmed with credit problems and cannot find any other way out of debt. However, business owners must also face the fact of losing one s business and damaging one s credit standing and endure embarrassment is a possibility. There is not much stigma attached to Business Bankruptcy because it is, in fact, used by many businesses to restructure their companies. Business bankruptcy state if filed in court can lead to a situation where you can loose your business completely and thus destroying the chances of recovery. The disadvantages of filing business bankruptcy therefore are many and some are enumerated below: If you file bankruptcy in court, you will have to hire attorney to present your case but as you are aware that attorney fees is not nominal and you shall have shelve down heavy fees. The litigation costs are very expensive and time consuming. Therefore, don’t expect decision or relief in court. After filing the case, the court has control over your assets as such you loose the control on your business and therefore improving your business does not arise. Even Mortgage after bankruptcy will also not bring any relief under the situation on account higher interest rates are being normally charged in such cases. Despite filing bankruptcy case, you have to pay for your pending taxes as such you wont get any relief on your backlog taxes.

More details at http://www.bankruptcyinformations.com/ and http://www.bankruptcyinformations.com/florida/bankruptcy-law/

Bankruptcy And You - Everything You Need to Know about Bankruptcy Posted By : Sylvia Rolfe In just a few short weeks, President Bush?s Bankruptcy Abuse Prevention and Consumer Protection Act will take effect. In a nutshell, the new law, which goes into effect on October 17, 2005, makes it more difficult to cancel your debts under Chapter 7 Bankruptcy protection. Instead, consumers will find themselves having to file for Chapter 13 Bankruptcy protection and paying back their creditors over a five year period.

Here?s a look into some of the major changes that will affect consumers choosing to file for bankruptcy after the new law goes into effect -

Qualifying - Chapter 7 or Chapter 13?

To be able to qualify for protection under Chapter 7 bankruptcy, consumers will have to face a means test. The means test determines if your household falls above or below the median income in the state where you reside. Those whose total is greater than the state median income will not qualify to cancel debts under Chapter 7 protection and will alternately have to file under Chapter 13 and pay back your creditors.

The major intent of bankruptcy reform is to require people, who can afford to make some payments towards their debt, to make these payments, while still affording them the right to have the rest of their debt erased.

The amount you have to pay back under Chapter 13 protection will be greater because instead of a 3-year pay back period, that time frame is now extended to five years - to ensure your creditors get paid.

Credit Counseling

Anyone filing for bankruptcy under the new law will be required to go through mandatory credit counseling. Be careful before choosing a credit counselor as this field is filled with people looking to line their pockets while emptying yours.

To find a trustworthy counselor, check to see if there are any complaints against them or their organization filed with your local Better Business Bureau. Secondly, find out if they are certified by the National Foundation of Credit Counselors or the Association of Independent Consumer Credit Counseling Agencies. Finally, find out if they have not-for-profit status. Personally I recommend Consumer Credit Counseling Services as they meet all three of the above criteria. They can be reached at 1-800-888-2227 and can connect you with a local office.

The Cost Factor

Filing for Chapter 7 protection under the old laws normally cost under $1,000. You should expect to pay more under the new laws as filing fees have been increased by $60. Additionally, your attorney will be required to double check all your financial information which will take more of his or her time. Also there is greater liability imposed on the lawyer which may cause their liability insurance to increase, which gets passed on to their clients in the form of higher fees. Under the new law, many are expecting fees to increase between 25-50%.

Why Were the Laws Changed?

The bottom line is that major commercial creditors lobbied hard for reform. Companies like CitiBank, MBNA, and other credit card issuers actively contributed proposed amendments along with generous financial support to reforming the bankruptcy laws - and in their favor, according to many consumer protection groups.

? 2005, http://www.yourfreecreditreportnow.com

James is editor of "TO YOUR CREDIT", a free weekly newsletter with tips to help you manage your personal finances. Subscribe today and receive his ebook ?IDENTITY THEFT- How To Avoid Becoming the Next Victim!? and other free bonuses by visiting <a href="http://www.yourfreecreditreportnow.com" target="_blank">http://www.yourfreecreditreportnow.com</a>.

Different Ways to File the Bankruptcy A bankruptcy is the last option any businessman wants to take. They can cause a big dent on their credit rating and deeply ruin their reputation. But sometimes filing for bankruptcy is the only solution to get a person out of dire straits. An important thing when looking for the right form is location. Make sure it is for the state and whatever locality that you are in. State laws vary widely, so it is especially important to find the form for the state you live in. It is worthless if it’s for the wrong state. Also, make sure that the form is official. Look for government seals, or compare it with the others, and it will be easy to see whether it is or not. Filing with an illegitimate form won’t do you much good. There are various steps which you must follow when you want to file the bankruptcy. First, you have to fill out a bankruptcy form where you will provide your personal information and information on your finances, recent financial transactions, secured and unsecured debts, expenses, creditors, assets, and tax returns. This will serve as a petition. Upon filing, you will have to submit one original copy plus three other copies to your local United States bankruptcy court. You will keep one copy for yourself for reference. At this stage, you can ask the help of a bankruptcy lawyer to help you decide on what kind of bankruptcy you want to file. If you choose to file a Chapter 13 bankruptcy, you will be required to pass a repayment plan of three to five years. Research your options as it relates to filing. Some people choose to file without the aid of a lawyer. But it’s highly recommended to hire a lawyer. Your research should help you decide on a lawyer. In most cases, people who choose large firms to represent them will work with a paralegal and not the lawyer. Try to find a firm in which you have direct contact with your lawyer. In filing a bankruptcy case, do not use your credit cards. If you do so with the intent to file, a creditor can challenge the discharge of the debt owed or even your right to discharge any debt. If you obtained the debt knowing that you could not repay it, you may not be able to discharge that debt if the creditor challenges it through a lawsuit, or adversary proceeding, in your bankruptcy case. Immediately upon filing, there will be a provision to prevent creditors from contacting you or laying claim on your property for a month. After a month, the bankruptcy trustee will call for a meeting where you and your creditors will have to attend. This meeting is called the 341 meeting. This meeting usually lasts just five minutes. If both parties are not able to compromise and an objection is made, a judge will intervene. If a compromise is reached however, a notice from the court will be sent to you after four to six months discharging you from debts.

Steve Buchanan writes article on many topics including <a href="http://www.bankruptcyinformations.com">Bankruptcy advice</a> and <a href="http://blog.bankruptcyinformations.com">bankruptcy information</a>.

7 Reasons Chapter 13 Bankruptcy Might Be Right for You Changes in bankruptcy laws have left many to erroneously think that they can no longer declare bankruptcy. This is not true. Filing for bankruptcy is a decision that should not be made without first seeking the qualified counsel of a Texas bankruptcy lawyer. A Texas bankruptcy lawyer can help you decide which form of bankruptcy is best for you. Under Chapter 13 a debtor is given the ability to liquidate assets and set up a debt repayment plan that best suits them. This can give you the relief you need from high credit bills and other debt. The first step under chapter 13 is to receive credit counseling and budget analysis from an approved counseling service. This step can be omitted in a few situations of hardship, but most will have to undergo the counseling. It is an important step that must be taken to prevent your case from being dismissed. Speak with a qualified bankruptcy lawyer today to discuss your options under Chapter 13 bankruptcy. Generally speaking, Chapter 13 may be right for you if: 1. You have a stable source of income. You must be able to regularly make payments to pay back your debt. 2. You have enough disposable income after all expenses are paid to make regular payments for your debt. There is no set value for this. The courts will require a proposed budget to determine if you satisfy this requirement. 3. Your secured debts are less than $922,975 and your unsecured debts do not exceed $307,675. 4. You are behind on mortgage or vehicle payments you intend to keep 5. You have tax debt, or student loans 6. You have a large amount of non exempt property you do not wish to lose. 7. You have a cosigner on your loans you wish to protect

Michele Wallace, author of this article, writes for the <a href= http://www.maliselawfirm.com/><b> MaliseLawFirm"</b></a>. Hire experienced <a href=http://www.maliselawfirm.com/><b>"San Antonio bankrupty attorneys"</b></a> with Malaise and get the debt relief you deserve.

The New Bankruptcy Law — How Will It Affect Debt Negotiation? In April 2005, Congress made sweeping changes in U.S. bankruptcy law that will go into effect on October 17, 2005. It’s called the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005,” and it means big trouble for Americans struggling with debt problems.

What effect will the new bankruptcy law have on the practice of Debt Settlement (also called Debt Negotiation)? Will creditors still be willing to negotiate with consumers seeking to avoid bankruptcy? Will lump-sum settlements for 30%, 40%, 50% still be possible now that this tough new law has been passed?

The short answer is “YES.” It will be “business as usual” in the collection industry. People that choose to file bankruptcy will definitely be affected for the worse, as I’ll outline below, but those who choose to privately negotiate their way out of debt will notice very little difference. Creditors will still negotiate. Deals will still be made. And nothing much will change in the world of collections. In fact, a viable alternative to bankruptcy will be needed more than ever.

The credit card banks lobbied with millions of dollars to get this law passed. They’ve been working at it for about a decade. Now they are celebrating. These are the folks who think the bankruptcy system has been abused by wealthy individuals, who have defrauded creditors when they could have repaid their debts.

The facts tell a different story:

1. During the period from 1995 to 2004, bankruptcy filings doubled, while in that same period, credit card industry profits TRIPLED.

2. Credit card companies have not been held accountable for their targeting of “easy credit” to individuals who could not afford such loans, which in turn has contributed to the wave of bankruptcies over the past decade.

3. For people 60 or older, 85% of bankruptcies are caused by medical bills or job loss.

4. A divorced woman is 300% more likely to file bankruptcy than a married woman.

5. African-American and Hispanic homeowners are 500% more likely to file bankruptcy than white, non-Hispanic homeowners.

6. Approximately half of all bankruptcies are filed because of medical expenses due to lack of health insurance, or lack of adequate coverage leading to uncovered expenses.

7. The median income of bankruptcy filers is $25,000. (So much for the “rich” abusing the system.)

The new law was a GIFT to the credit card banks, pure and simple. Some estimates show that it will add another $5 billion to the industry’s bottom line. In other words, the bill is about profits and not much else.

Since my whole approach is about avoiding bankruptcy, I won’t go into a detailed analysis of the provisions of the new law. But just to summarize, the net effect is that many (if not most) people seeking relief under Chapter 7 bankruptcy will be forced to file under the Chapter 13 version instead. In plain English, that means that most filers will be forced to pay back a portion of the debt over a 5-year schedule set by the court.

One of the worst aspects of the new bill is the use of IRS “allowable” expense schedules for determining your monthly budget. In other words, your actual living expense are thrown out the window in favor of the IRS standards (and we all know how generous the IRS can be!). So if your actual rent is $1,300 per month, and the IRS says it should be $1,045 for your county and state, that’s TOUGH! The court will only allow the $1,045, period.

In short, people attempting to file bankruptcy after October 17, 2005 are in for an extremely rude awakening! Goodbye cell phones, cable TV, high-speed Internet access, movies, meals with the family, and anything else beyond the minimum allowable expenses as determined by the IRS and the courts.

So what makes me so certain that the banks will be as eager as ever to settle with consumers for 50 cents on the dollar or less? Simple. Two words: Stealth Bankruptcy.

Hundreds of thousands of Americans are going to discover the new reality of this tough law, and they are going to forgo the court system of filing bankruptcy in lieu of what I call “stealth bankruptcy.” A stealth bankruptcy is when you move (with no forwarding address), change your phone number, and drop off the radar screen to live on an all-cash, no-credit basis. Many people already choose this path rather than deal with the invasion of privacy that comes with formal bankruptcy. After the new law goes into effect, more people than ever will take this approach.

Besides the problem of stealth bankruptcy, there are other good reasons the banks will settle as they always have. Consider these points:

A. The creditor doesn’t know whether or not you’ll still qualify for Chapter 7 or Chapter 13 bankruptcy. They still face the risk that you will qualify for Chapter 7 and end up discharging your debt in full, which means they get NOTHING.

B. Even if you file Chapter 13 under the new guidelines, the creditor will still only receive 30-50% of the debt on average (much less in some cases).

C. Under Chapter 13, it will still take the creditors 3-5 YEARS to recover that 30-50%.

D. A lump-sum of 30-50% TODAY is far better than the same amount collected over 3-5 years.

Of course, I certainly expect debt collectors to use the new law to harass and intimidate people who don?t know and understand their rights. You can expect them to say things like, “You can?t file bankruptcy under the new law, so you?d better pay up today!” They will bully and threaten as always, but at the end of the day, they will still accept reasonable settlements. After October 17, 2005, it will still be “business as usual” in the world of debt collections.

Charles J. Phelan has been helping consumers become debt-free without bankruptcy since 1997. A former executive in the debt settlement industry, he teaches the do-it-yourself method of debt negotiation. Audio-CD material plus expert personal coaching helps consumers achieve professional results at a fraction of the cost. <a href="http://www.zipdebt.com" target="_blank">http://www.zipdebt.com</a>

Source: My Bankrupt

illegitimate schools and student loans - News


Elizabeth Warren criticizes Brown's vote to double interest rates on student loans
Daily News Transcript - May 20, 2012
Last week, Warren's Original-American heritage came under scrutiny by the Republican Party when officials claimed Warren had second-hand an illegitimate minority status to advance her career at Harvard Law School. Brown recently issued a annunciation demanding

Not every film school graduate ends up a Scorsese
The Australian - May 20, 2012
But students persist in to pile into film school. The top institutions receive headline-grabbing help. USC, for instance, has a gift of $US175 million from George Lucas. (It paid for unsightly, dysfunctional buildings.) Unsurprisingly, some of the

Voterama in Congress, week ending May 11, 2012
River Forest Leaves - May 20, 2012
The illegitimate ones shouldn't be propped up with the bad-earned dollars of working tax-paying Americans.” A yes against was to pass the bill. Student-Loan Interest: Voting 52 for and 45 against, the Senate on May 8 failed to reach 60 votes needed to

Science of Scams: Fake Homeland Security Schools Surface
Business Insider - May 20, 2012
A special lawsuit filed by a student of a so-called “Homeland Security Training Dogma” in late March 2012 draws attention a growing unmanageable of for-profit schools misleading students. This suit, among others, may warrant the opening of a few more

The Lonely Life of Julia
Wall Street Journal - May 20, 2012
at a Course to the Top high school. Her 20s are very active: She gets surgery and free family control through ObamaCare regulations, files a lawsuit under the Lilly Ledbetter Middling Pay Act, and pays off her student loans at a low interest rate.