Consumer agency alleges law firm collected money from people who may not owe debts
ABA Journal Daily News
ABA Journal Daily News
The house has been in foreclosure and was schedule to go on the auction block. The bankruptcy filing effectively halts the sale. Foreclosure News
A new filing in an advertising company's case against a foreclosure law firm suggests that the firm's advertising fee debts are not the greatest of its worries as it prepares to close. Mansfield Advertising, which is suing New Jersey foreclosure firm Udren Law Offices, has asked a judge to appoint a receiver for the law […]
Moody's ratings agency says Cyprus' new securitisation framework will create a secondary market for loans, which in turn will support the reduction of Cypriot financial institutions' stock of nonperforming loans . However, the agency was uneasy about the full the extent of powers afforded the Central Bank of Cyprus in this process. Foreclosure News
The Rock Plaza office building in Little Rock was once among the shared investments of John Lewis and Walter Quinn. Foreclosure News
Michael Gorman is a reporter in Nova Scotia who covers Province House, rural communities, and everything in between. Contact him with story ideas at michael.gorman@cbc.ca Defaulted student loans and uncollectable legal fines top the list of $ 15.2 million worth of items the provincial government is writing off for the 2016-17 fiscal year. Foreclosure News
Debt-laden President Trump: His new Washington Hotel owes millions in unpaid debts and he may owe billions to Russians. . Insiders acutely aware of President Donald Trump's complicated financial arrangements say he is billions of dollars in debt, much of it to Russia, and lives on the edge of financial ruin. Foreclosure News
Public Advocate James says liens should be transferred to a preservation trust aimed at protecting neighborhoods, not extracting fees. The city's program for collecting overdue property taxes and water bills through the sale of liens would change under a draft Council bill introduced this week-and could be see additional reform if advocates get their way. […]
Betting the farm on record crop, livestock and dairy prices has turned into a losing investment for an expanding share of America's agricultural heartland. The level of debt to income is the highest in three decades, and growers are increasingly unable to make loan payments. Foreclosure News
Generally, when you borrow money and the lender later cancels or forgives the debt, the IRS requires you to include that cancelled debt amount in your taxable income for the year of debt forgiveness, depending on the circumstances. The reason for this inclusion of income is that when you borrowed the money, you were not […]