Top Four Year-End IRA Reminders

Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know. Here are the top four reminders on IRAs from the IRS:

Know the limits. You can contribute up to a maximum of $5,500 . . . → Read More: Top Four Year-End IRA Reminders

From the UST

Andrew R. Vara Appointed Acting UST For Delaware, New Jersey and Pennsylvania Daniel J. Casamatta Appointed Acting UST For Arkansas, Missouri And Nebraska U.S. Trustee Program Announces Successful Settlement with Citigroup Inc. to Protect Consumers’ Personal Information in Bankruptcy Cases

Otte Hanging Up His Gavel

“After 28 years of service as a United States Bankruptcy Judge, including two years in recall status, and a 48 year career in the law, the Honorable Frank J. Otte will retire on December 31, 2014.”

Some Bibles Are More Exemptable Than Others

Click here for an interesting Credit Slips post by Jason Kilborn. Sometimes a Bible is more than a Bible.

Both Fannie and Freddie Announce Servicing Updates

Each update is effective April 1, 2015. Each has removed the 720-day delinquency cap.

Click here for Fannie Mae specific changes. Click here for Freddie Mac specific changes.

Chapter 13 Trustee Jeffrey P. Norman Appointed to Bench

American Board of Certification certified specialist Jeffrey P. Norman was sworn in as bankruptcy judge for the Western District of Louisiana, Shreveport Division on August 5, 2014. Judge Norman will also share part of the case load for the Monroe Division of the Western District of Louisiana. His appointment was effective on August 9, . . . → Read More: Chapter 13 Trustee Jeffrey P. Norman Appointed to Bench

Thirteen Rules to Win the Heart and Mind of a Chapter 13 Trustee

By Helen M. Morris, Chapter 13 Trustee for the Northern and Southern Districts of West Virginia

Treat the trustee’s staff with respect.  They know what they are doing.  If they tell you that they can’t give you certain information over the phone, they are following office policy and procedures.   You may be able to . . . → Read More: Thirteen Rules to Win the Heart and Mind of a Chapter 13 Trustee

Consumer Financial Protection Bureau Takes Action Against Auto Finance Company For Distorting Borrower Credit Reports

FOR IMMEDIATE RELEASE: August 20, 2014

Consumer Financial Protection Bureau Takes Action Against Auto Finance Company For Distorting Borrower Credit Reports First Investors Fined $2.75 Million for Knowingly Providing Inaccurate Information to Credit Reporting Agencies for Years

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is taking action against an . . . → Read More: Consumer Financial Protection Bureau Takes Action Against Auto Finance Company For Distorting Borrower Credit Reports

Argentina is Not Dancing With the Stars, and Other Tales of Insolvency

By Leon Bayer

Quick story: One fine day in the early 1980′s I was in the Los Angeles courtroom of the Hon. Barry Russell, U.S. Bankruptcy Judge. (Judge Russell is the most senior bankruptcy judge in the U.S. still actively serving.) It was Chapter 13 confirmation day. Elsie Davis, the legendary Chapter 13 trustee . . . → Read More: Argentina is Not Dancing With the Stars, and Other Tales of Insolvency

Consumer Financial Protection Bureau and 13 State Attorneys General Obtain About $92 Million In Debt Relief For Servicemembers Harmed By Predatory Lending Scheme

Rome Finance and Owners Permanently Banned from Consumer Lending After Deceiving About 17,000 Servicemembers and Other Consumers

FOR IMMEDIATE RELEASE: July 29, 2014

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, LLC, . . . → Read More: Consumer Financial Protection Bureau and 13 State Attorneys General Obtain About $92 Million In Debt Relief For Servicemembers Harmed By Predatory Lending Scheme