Senator Lyndia Brasch has sponsored a bill in the Nebraska legislature to increase the amount of personal property protected in Nebraska bankruptcy cases.
According to Brasch it is necessary to update Nebraska property exemptions to keep pace with the higher cost of living.
The statute governing exemptions has not been updated in 17 years. Mandating
Depriving local governments of tax revenue is like cutting off oxygen to the body–they can’t live without it. Local governments and schools in Nebraska depend on a steady flow of real estate tax revenue to keep their doors open.
To prevent cash flow problems caused by homeowners who fail to pay real estate taxes on
The 8th Circuit Bankruptcy Appellate Panel issued a new opinion approving the discharge of 11 of the 15 private student loans owed by Chelsea Conway. (See In re Conway, 8th BAP 2015).
The court discharged $76,535 of the $95,499 owed, leaving the debtor to repay 4 loans totaling $18,964.
What is most interesting
Last week the bankruptcy court for the Western District of Missouri discharged $37,243 of federal student loans for Michael Abney despite the fact that he was not required to make any payment on his account under an Income Based Repayment plan (IBR). (See In re Abney)
The facts of the case are as follows:
Cambridge Credit Counseling has released its 8th Transparency Report, the only such report available in the credit counseling industry.
One of the more disturbing aspects of the nonprofit credit counseling industry is the complete lack of disclosure about the success rate of their programs. In recent years the industry has come under fire for
To be in the credit counseling business you have to be a nonprofit. Credit card companies will frequently refuse to set up repayment plans with for-profit debt counselors. Mandatory bankruptcy credit counseling courses may only be sponsored by nonprofits. And the common perception is that “real” credit counselors should be nonprofit agencies.
There are historical
