Archive for May, 2010
Bankruptcy Reform Contributed to Foreclosure Crisis
According to a WSJ report, Wenli Li of the Federal Reserve Bank of Philadelphia made some strong arguments regarding repealing the bankruptcy laws. She notes of the serious consequences that arose from the tightening of the federal bankruptcy laws in 2005 that contributed to a significant increase in home loan defaults. The study concluded that [...]
Protect Your Name with Reputation Management from Smart Search Strategies
Bankruptcy Attorney Nation announced a new reputation management service for participating bankruptcy law firms online. In addition to their consumer referral services, the company is offering reputation management and online public relations services in an effort to help trusted bankruptcy lawyers preserve their name on the internet. With the advent of social media networks and [...]
New Bankruptcy Laws Make Debt Settlement More Appealing
The new bankruptcy laws have hindered many consumers from using a chapter 7 bankruptcy for debt relief solutions. Discuss bankruptcy vs. debt settlement with an experienced bankruptcy attorney in your state. The debt reduction services have been around for nearly 10 years however it has never been so prevalent amongst our debt ridden society. New [...]
New Bill May Hinder Debt Settlement
Last week, Democrat Senators Chuck Schumer, D-N.Y. and Claire McCaskill, D-Mo., introduced the “Debt Settlement Consumer Protection Act.” This debt relief bill would limit the fees that a debt settlement company would be able to charge a consumer for credit settlement services. If passed, the new law would mandate written disclosures before debt reduction services [...]