January 9, 2020, the Bureau filed suit against several companies and individuals involved in offering student loan debt-relief services for allegedly obtaining consumer reports illegally, charging unlawful advance fees, and engaging in deceptive conduct. The Bureau’s action is against a mortgage lender called Chou Team Realty, LLC, which does business as Monster Loans (Monster Loans); an allegedly sham mortgage brokerage...
In re Woerner – Plain Meaning and Trickeration
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By John P. Gustafson, Chapter 13 Trustee for the Northern District of Ohio, Western Division
Bankruptcy has some unforgiving deadlines. Like the deadline for objecting to a debtor’s claim of exemption.
Under Taylor v. Freeland & Kronz, 503 U.S. 638, 112 S.Ct. 1644, 118 L.Ed.2d 280 (1992), the Supreme Court held that a trustee may not object to a claimed exemption after the 30 day deadline expires.
If the trustee doesn’t object within 30 days of the conclusion of the first meeting of creditors, it doesn’t matter how meritorious the trustee’s objection . . .
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