Wednesday, November 11, 2015

City of Chicago to offer ticket amnesty program for the first time in 8 years......

Do you have old parking and red light tickets in Chicago? The city is offering an amnesty program, waiving penalties. This is the first time in over 7 years that they are offering such a deal. If you owe for old tickets, take them up on it, they are not dischargeable in Chapter 7 bankruptcy cases!

"For the period 11/15/2015 - 12/31/2015, the City is offering a debt relief program for tickets issued prior to 1/1/2012. Penalty and collection costs will be waived for eligible tickets paid during the debt relief period."

Tuesday, November 10, 2015

high income broke debtors... recent trends in bankruptcy

Do you earn a decent salary, but live paycheck-to-paycheck? If so, you are part of a growing segment of the American population: the income rich-ish…

Friday, November 06, 2015

Does Wells Fargo owe you money?

Chapter 13 Bankruptcy Debtors who had mortgage loans with Wells Fargo may be getting some compensation for violations that occurred from 2011 to 2015.  

By Suzanne Barlyn
(Reuters) - Wells Fargo & Co will pay $81.6 million to homeowners for denying them a chance to challenge mortgage payment increases imposed during their bankruptcy proceedings, the U.S. Justice Department said on Thursday.
Wells violated a 2011 U.S. bankruptcy law by failing to send a type of legal notice about homeowners' mortgage payment increases to bankruptcy courts. The law requires the notice to include disclosures to ensure that fees and charges by banks to homeowners in bankruptcy proceedings are accurate, the Justice Department said.  Read more at: