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It is possible to get student loans discharged in bankruptcy, but the standards are quite high and expensive to litigate. The Obama administration has introduced new rules to help some people get their Federal student loans forgiven administratively. Federal Student … Continue reading →

The FTC will be refunding more than $16M in refunds for clients of American Tax Relief. So if you were their customer, you may be able to get some money back for their their false claims to reduce client’s tax … Continue reading →

Today is April 15, so file your taxes or ask for an extension.

It’s tax season so everyone should be getting their w2 and 1099 forms in the mail. Some of you may also get a 1099-C for a cancelled debt. Before treating it as taxable income on your taxes, take a look … Continue reading →

As of today, Congress has not approved extending unemployment (UIB) for long term unemployed. Congress had authorized the Federal Government to pay UIB benefits for up to 99 weeks. Without the additional Federal monies, Hawaii gives UIB benefits for a … Continue reading →

There’s a new scam on the loose by people pretending to be from the IRS, see the IRS report. The basics of the scam is you get a phone call from someone purporting to be from the IRS claiming you … Continue reading →

Last week the US Department of Housing and Urban Development, the agency which oversees the Federal Housing Administration, released a new set of FHA guidelines for mortgage qualifications. The full letter with the guidelines is available here. The main thrust … Continue reading →

Social Security is one of the most protected sources of income for a debtor. Social Security and SSDI can not be garnished for any reason by a non-governmental entity. Generally, it can only be garnished for things like back taxes, … Continue reading →

Still having problems with your mortgage modifications? Recently, I have been seeing many of the major lenders start assigning the servicing to other servicers. When it goes to a new servicer, they also conveniently lose all the submitted paperwork, making … Continue reading →

In foreclosure situations, mortgage holders will sometimes offer you money for vacating within a certain time period. This is called “cash for keys” Basically, the mortgage lender is willing to pay you so they don’t need to fight you over … Continue reading →