Changes to Reverse Mortgages (HECM’s)
Submitted by the Bond & Botes Law Offices - Thursday, November 9, 2017
In a prior blog post, I discussed what a Reverse Mortgage is. I also went into detail about some of the basic rules to qualify for one, where you get them, and cautioned about the negative aspects of them. The U.S.
Incurring a Debt During a Chapter 13
Submitted by the Bond & Botes Law Offices - Monday, November 6, 2017
If you have filed Chapter 13, you should know that you cannot incur a debt without the bankruptcy court’s permission during the life of your bankruptcy. We understand that situations may arise where you may need to incur a debt. The most common situations that arise where a debt may need to be incurred are:
What Is an Unsecured Debt?
Submitted by the Bond & Botes Law Offices - Friday, November 3, 2017
An unsecured debt is an obligation or debt that does not have personal or real property serving as collateral for payment of the debt. If you fail to make payment on an unsecured debt, the creditor cannot take any of your property without first suing you and getting a court judgment. There are a few exceptions to this rule, such as back child support, back taxes or delinquent government backed student loans.
The Truth About Credit Cards
Submitted by the Bond & Botes Law Offices - Friday, November 3, 2017
With the holiday shopping season upon us, I think we need to talk about credit cards and the evil that may lurk in the fine print. It is difficult to checkout at any store lately without the clerk trying to push me to open a credit card.
Mark Your Calendars Payday Lenders: New Rules Expected to Take Effect in 2019 (Maybe)
Submitted by the Bond & Botes Law Offices - Wednesday, November 1, 2017
Several weeks ago, the Consumer Financial Protection Bureau (CFPB) announced new rules governing payday lenders set to go into effect in 2019—that is if Congress doesn’t have its say first.
Congress Approves Tax Relief for Chapter 12 Family Farmers
Submitted by the Bond & Botes Law Offices - Tuesday, October 31, 2017
A piece of bipartisan legislation concerning Chapter 12 of the Bankruptcy Code landed on the President’s desk for signature last week. The Family Farmer Bankruptcy Clarification Act of 2017 was sponsored by Senator Al Franken (D-Minn.) and Senator Chuck Grassley (R-Iowa), and was included as a part of the supplemental appropriations package that the Senate approved 82-7. “Our bipartisan bill is a commonsense fix to ensure that the law functi
Gulf War Veterans Face High Denial Rates by the VA
Submitted by the Bond & Botes Law Offices - Monday, October 30, 2017
Cost-Of-Living Adjustment Coming for Social Security Recipients
Submitted by the Bond & Botes Law Offices - Tuesday, October 24, 2017
The Social Security Administration (SSA) recently announced that it would be passing along a roughly two percent Cost-Of-Living Adjustment (COLA) to about 60 plus million Social Security recipients next year.
Criminal Convictions In Payday Lending Scheme
Submitted by the Bond & Botes Law Offices - Monday, October 23, 2017
Fending Off Those Annoying Robo-Calls
Submitted by the Bond & Botes Law Offices - Friday, October 20, 2017