Source: http://dianedrain.com/tag/bankruptcy-2/
Timestamp: 2017-05-24 17:53:17
Document Index: 351068480

Matched Legal Cases: ['§ 3720', '§ 1095', '§ 1673', '§682', '§682', '§682', '§682', '§ 525', '§ 525', '§ 525', '§ 525', '§ 525', '§ 525', '§ 525', '§226', '§ 6502', '§ 6503', '§ 362', '§ 362']

bankruptcy Archives | Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney
You are here: Home / Arizona Bankruptcy & Foreclosure Blog / bankruptcy
Posts	Richard S. Berry, Why Pay a Lawyer, Pleads Guilty to Bankruptcy Fraud	February 27, 2015/2 Comments/in Attorneys, Bankruptcy, Consumer Issues, Credit Report, Debt Relief Agencies, Document Preparers /by Diane DrainRelated Post Mortgage Modification Fraud Laws.com interview with Diane about her history by… Arizona Atty General Warns about another Mortgage … Bankruptcy & Consumer Issues Judges Holding Banks Responsible – Tired of … Mortgage Modification Frauds
Richard S. Berry aka Why Pay a Lawyer – indi...
Diane Drain2015-02-27 19:13:032017-03-20 01:19:48Richard S. Berry, Why Pay a Lawyer, Pleads Guilty to Bankruptcy Fraud	The Most Difficult Part of Bankruptcy Has Nothing to Do With Money	September 7, 2014/0 Comments/in Bankruptcy, Bankruptcy Videos, Business bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumers, Debt Relief Agencies /by Diane Drain
Think Proactively It can be very difficult not to focus on the negative aspects of declaring bankruptcy. You may be losing a business you’ve put an enormous amount of time and money into building or a home you’ve raised your family in. At the very least, you are admitting that, whether it was your fault or not, you ended up under water. The best way to tear your mind away from these negative feelings is to stay focused. Make a detailed calendar that includes the steps you need to take toward having your debts discharged, and focus on the process.
Diane Drain2014-09-07 18:53:172017-01-24 19:06:28The Most Difficult Part of Bankruptcy Has Nothing to Do With Money	Diane received AVVO 2014 Top Contributor Award	May 21, 2014/in Attorneys, Consumer Issues, General Legal Issues, General Videos /by Diane DrainRelated Post Diane L. Drain Receives Lifetime Achievement Award Diane Selected as Top Valley Consumer Lawyer BEWARE: Payday Loans and Deposit Advances Michelle Ugenti’s bill to reduce the rights of dis… Am I Responsible for My Deceased Spouse’s Pr… Arizona Exemption Laws Go Into Effect: 9-13-13
http://dianedrain.com/wp-content/uploads/2013/04/D_Drain.jpg
Diane Drain2014-05-21 16:15:472017-01-22 20:16:54Diane received AVVO 2014 Top Contributor Award	Bankruptcy and family size – Unfair treatment	November 14, 2013/in 2005 Bankruptcy Abuse Prevention and Consumer Protection Act "BAPCPA", Attorneys, Bankruptcy, Bankruptcy Videos, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Issues /by Diane DrainRelated Post Diane received AVVO 2014 Top Contributor Award BEWARE: Payday Loans and Deposit Advances Removing a Judgment after Bankruptcy Bankruptcy & Consumer Issues Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Laws.com interview with Diane about her history by…
http://dianedrain.com/wp-content/uploads/2013/11/Family-3.bmp
Diane Drain2013-11-14 10:07:412013-11-14 10:07:41Bankruptcy and family size - Unfair treatment	Removing a Judgment after Bankruptcy	September 18, 2013/in Bankruptcy, Bankruptcy Videos, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Issues /by Diane DrainRelated Post BEWARE: Payday Loans and Deposit Advances Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Bankruptcy and family size – Unfair treatmen… Bankruptcy & Consumer Issues Laws.com interview with Diane about her history by… Can You Get a Mortgage After a Bankruptcy?
http://dianedrain.com/wp-content/uploads/2013/09/confusion-lost-man.jpg
Diane Drain2013-09-18 15:43:562017-01-25 02:25:48Removing a Judgment after Bankruptcy	Laws.com interview with Diane about her history by way of the law and bankruptcy	June 2, 2013/in Attorneys, Bankruptcy, Consumer Issues, General Legal Issues, General Videos /by Diane DrainRelated Post Bankruptcy and family size – Unfair treatmen… Bankruptcy & Consumer Issues Diane Selected as Top Valley Consumer Lawyer Diane received AVVO 2014 Top Contributor Award Diane L. Drain Receives Lifetime Achievement Award Richard S. Berry, Why Pay a Lawyer, Pleads Guilty …
Diane Drain2013-06-02 17:59:432013-06-02 17:59:43Laws.com interview with Diane about her history by way of the law and bankruptcy	Student Loans	May 26, 2013/0 Comments/in Bankruptcy Videos, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumers, Student Loans /by Diane DrainPlease Note:
The law changes almost daily. Programs listed here may be eliminated or changed. This is only intended to suggest there may be programs.
There are hundreds of articles about student loans. The following is just a few and is most likely not up to date.
Loan Cancellations/Discharges That Student Loan, So Hard to Shake, by Jonathan Glater NY Times 8/24/08, American Federation of Teacher Loan Forgiveness Program, The Real Student Loans Scandal and Hardship Discharge IBO Info: an independent, non-profit source of information about new federal student loan payment and forgiveness programs: http://www.ibrinfo.org/ 2012 – Student Loan Ombudsman: http://www.consumerhelpcentral.com/federal-student-loan-ombudsman/?goback=%2Egde_1471397_member_133848648 Garnishment by Student Loan: Re administrative wage garnishments (AWG), it used to be that only 10% could be garnished, but for the Dept of Ed, it is apparently now up to 15% of disposable pay under 31 U.S.C. § 3720D, enacted by Section 31001(o) of the Debt Collection Improvement Act of 1996 (DCIA), Pub. L. 104-134,110 Stat. 1321-358 (Apr. 26, 1996).It is possible that student loan guarantors may still be held to that 10% cap, but I am not sure. See 20 U.S.C. § 1095a. Federal law only allows up to 25% withholding if there are other garnishment writs in place (except child support, etc.). See 15 U.S.C. § 1673. Administrative Discharge for Student Loans form. It is the most current version and if your clients have a permanent and total disability that may prevent them from repaying the loan, it may be a good way to eliminate that debt. Of course the Administrative Discharge may result in a forgiveness of debt income situation thus possibly resulting in tax liability unless the debtor is otherwise insolvent. Here is the web site for the application. http://www.ecsi.net/bwr/forms/dis_discharge.pdf
In limited circumstances, borrowers may be able to completely cancel their federal student loans. Borrowers that receive loan cancellations are also eligible for reimbursement for previous payments (including tax refunds seized by the IRS and payments made by the borrower) and cleaning up of credit report problems due to student loan defaults. These critical rights are summarized below. A. Closed School Discharge (34 C.F.R. §682.402(d)-FFEL loans) Applies only to loans received at least in part on or after January 1, 1986. Students must have been enrolled at the time of school closure or they withdrew, the withdrawal had to have occurred within 90 days of closure. The Department of Education maintains a list of official closure dates. B. False Certification Discharge (34 C.F.R. §682.402(e)-FFEL loans) Applies only to FFEL or Direct loans received at least in part on or after January 1, 1986. Perkins loans are not eligible. To qualify, student must show that their eligibility to borrow was falsely certified by the school. In most cases, students with high school diplomas or G.E.D.s at the time of admission are not qualified. There are exceptions to the high school diploma requirement: A student may qualify if s/he was unable to meet minimum state employment requirements for the job for which the student was being trained, or if the school forged or altered the loan note or check endorsements. C. Unpaid Refund Discharge (34 C.F.R. §682.402(l) A new discharge was passed as part of the 1998 Higher Education Act allowing students to discharge loan liability for loans obtained after January 1, 1986 to the extent of the amount of a refund that a school owed the student and failed to pay. Perkins loans are not eligible, but borrowers can already raise an unpaid refund as a defense in Perkins collection actions. D. Disability Discharge (34 C.F.R. §682.402(c) Borrowers can discharge loans if they can document a permanent and total disability. Pre-existing conditions qualify only if there has been deterioration. Forms for all of these Back to top ↑discharges are available on-line at: Closed School False Certification of Ability to Benefit Particularly for false certification and unpaid refund discharges, borrowers often need to submit evidence of school fraud. NCLC has information in its files on a limited number of schools. Additional information about government investigations of schools can be found on the web site of the Department of Education’s Office of Inspector General and the Department’s Office of Hearings and Appeals College Cost Reduction and Access Act – Struggling with Student Loans?
New Federal Rules May Help, July, 2009 If your student loan balances make you feel like a member of the Class of Forever, help may be here. It’s not exactly a bailout, but a number of federal student loan rule changes that went into effect this week are aimed at lightening the repayment load for overburdened borrowers. Lower Interest Rates. As of this week, people with older student loans will catch a bit of a break. For federal loans issued before July 1, 2006, the interest rate will be reduced to 2.48 percent, down from the current 4.21 percent rate. And the interest rate on new subsidized federal Stafford loans will fall to 5.6 percent (down from 6 percent), as the Chicago Sun-Times reports. Relaxed Loan Forgiveness for Public Service Jobs. If your job relates to public service — if you work for the government, teach in public schools, or are employed by a qualifying non-profit, for example — you may be able to have your entire student loan obligation forgiven (erased) after 10 years. This is down from the previous 25-year forgiveness standard, according to Reuters. Income-Based Repayment.
A new income-based federal student loan repayment option also went into effect this week. It lets borrowers set up a monthly student loan repayment that is as low as 15 percent of their adjusted gross income for the year. As CNN points out, while the income-based option can make payments significantly lower, the loans themselves could take longer to repay, meaning more interest is paid. But the trade-off may be worth it for some borrowers. Many of the new federal student loan rules going into effect this week are part of the College Cost Reduction and Access Act, which was signed into law in 2007.
In addition to the features outlined above, the Act extended federal Pell and TEACH Grant funding, and increased income protection allowances for many students. Additional Resources regarding student loans: See this web site for a good article and links to other legal references. Or check out the information at FinAid.org
Diane Drain2013-05-26 15:49:462017-01-28 19:37:34Student Loans	BEWARE: Payday Loans and Deposit Advances	May 2, 2013/in Consumer Financial Protection Bureau, Consumer Issues, Debt Relief Agencies, Payday and other usury loans /by Diane DrainRelated Post Problems with Military Lending Act Bankruptcy & Consumer Issues Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Regulators Cracking Down on Payday Loans $14M Reimbursement to Payday Loan Borrowers Diane received AVVO 2014 Top Contributor Award
Diane Drain2013-05-02 21:08:352013-05-02 21:08:35BEWARE: Payday Loans and Deposit Advances	Miscellaneous Bankruptcy Issues	October 7, 2012/0 Comments/in Bankruptcy Videos, Business bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumers, Creditors, Small Businesses /by Diane Drain
The following is for the exclusive use of attorneys. This firm does not make any representations as to the accuracy or current status of any case cited herein. Jurisdiction of bankruptcy court to rule on state law issues:
EMPLOYMENT & BANKRUPTCY:
Private employer may refuse to hire person on account of such person’s having filed bankruptcy. Myers v. Toojay’s Mgmt. Corp. (11th Cir., 2011) (5/2011) Debtor applied for employment for a managerial position with a private company. Employer denied employment primarily or solely on the basis that the applicant had filed Chapter 7. The debtor filed bankruptcy and received a discharge, and a few months later applied for the job.As part of the application process the applicant was provided with certain forms, included an acknowledgment of receipt of a sexual harassment manual; a non-solicitation and confidentiality agreement; and an authorization and release of personal information for a background check. The background check release permitted the employer to “conduct a comprehensive review” including a review of Myers’ “credit history and reports.”CONDITION OF EMPLOYMENT: GOOD CREDIT The employer had the applicant spend several days getting familiar with the activities of the business, and scheduled him to begin work on August 18 without informing him that his employment would be conditioned on a clean credit history.Subsequently the applicant was informed the offer of employment was withdrawn, and ” … told him that the only reason he was not hired was that he had filed for bankruptcy, and it was the employer’s policy not to hire people who had done that.”Debtor claims violation of § 525 On September 2, 2008, Myers filed a lawsuit against the employer. The complaint alleged, among other things, that the defendant had discriminated against him because of his bankruptcy, in violation of 11 U.S.C. § 525(b), by refusing to hire him and, alternatively, by terminating him from the job after it had hired him.Difference in wording between 525(a) and 525(b) In ruling on the case, the court pointed out a significant difference in the wording of the two subsections of 11 U.S.C. § 525, which ostensibly protects debtors from discrimination in employment on account of filing bankruptcy.”Section 525(a) applies to governmental employers, and explicitly prohibits such employers from denying employment; section 525(b), however, does not contain that language, and, strictly read, addresses only terminating employees, but not refusing to hire.””The conspicuous difference between the two subsections is that § 525(a), the one applying to government employers, explicitly forbids them from either denying or terminating employment because of a bankruptcy, while § 525(b), the one applying to private employers, forbids them from terminating employment because of bankruptcy but says nothing about denying employment because of it.””Our holding that § 525(b) does not apply to refusals to hire is in accord with the holdings of the only two other circuits that have decided the issue. See In re Burnett, _F.3d_, No. 10-20250, 2011 WL 754152, at *2 (5th Cir. Mar. 4, 2011) (holding 11 U.S.C. § 525(b) does not prohibit private employers from denying employment to persons because of their status as a bankruptcy debtor); Rea v. Federated Investors, 627 F.3d 937, 940-41 (3d Cir. 2010).
Cross Collateralized and anticipatory breach:
Credit unions: Citizens Bank of Marilyn, V. Strumpf, 516 U.S. 16, 116 S. Ct. 286 (1995) where the Supremes recognized and confirmed the right of set-off at the time of filing the bankruptcy. I don’t even think a Chapter 7 Trustee can get turnover as a preference or for that matter, the Debtor in a Chapter 13.
Social Security Number or ITIN Number:
11 USC 109 states that a person who “resides or has a domicile, place of business, or property in the United States, or a municipality, may be a debtor (petitioner, bankruptcy filer, person who wants to file bankruptcy) under this title.” (explanation added). Neither this section nor the bankruptcy code require a debtor to have a social security number to file bankruptcy. In order to accommodate this, an individual without a social security number should complete, and sign, a document titled a Statement of Social Security Number. Even though the document is titled a “Statement of Social Security Number,” it allows for a filer to provide for either a social security number, an Individual Taxpayer Identification Number (ITIN), or state that the filer does not have either a ITIN or social security number.
Set off and banks:
47-9104. Control of deposit account
A. A secured party has control of a deposit account if:
1. The secured party is the bank with which the deposit account is maintained
2. The debtor, secured party and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor; or
3. The secured party becomes the bank’s customer with respect to the deposit account.
B. A secured party that has satisfied subsection A has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.
47-9314. Perfection by control
A. A security interest in investment property, deposit accounts, letter-of-credit rights, electronic chattel paper or electronic documents may be perfected by control of the collateral under section 47-7106, 47-9104, 47-9105, 47-9106 or 47-9107.
B. A security interest in deposit accounts, electronic chattel paper, letter-of-credit rights or electronic documents is perfected by control under section 47-7106, 47-9104, 47-9105 or 47-9107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
Regulation Z says the security interest must be consensual to setoff a deposit account for a credit card debt. The reg preempts the state law on this issue.
12 CFR 12.226
(d) Offsets by card issuer prohibited. (1) A card issuer may not take any action, either before or after termination of credit card privileges, to offset a cardholder’s indebtedness arising from a consumer credit transaction under the relevant credit card plan against funds of the cardholder held on deposit with the card issuer.
(3) This paragraph does not prohibit a plan, if authorized in writing by the cardholder, under which the card issuer may periodically deduct all or part of the cardholder’s credit card debt from a deposit account held with the card issuer (subject to the limitations in §226.13(d)(1)).
Imperial Merchant Services, Inc. v. Hunt, No. S163577 Supreme Court of California, August 10, 2009 Issue: may a debt collector recovering on a dishonored check may recover both a service charge under section 1719 and prejudgment interest under section 3287. “We conclude that the statutory damages prescribed in section 1719 are exclusive in the sense that a debt collector who recovers a service charge pursuant to section 1719 may not also recover prejudgment interest under section 3287” (NOTE: California law)
Severo vs IRS (No. 08-70817 US Tax Court, CA 11-09) [2] The IRS generally has ten years from the assessment of a tax to collect the outstanding liability. 26 U.S.C. § 6502(a)(1). However, the Internal Revenue Code contains several provisions tolling the ten-year statute of limitations. Of greatest relevance to this case, Section 6503(h)(2) provides: The running of the period of limitations provided in section 6501 or 6502 on the making of assessments or collection shall, in a case under title 11 of the United States Code, be suspended for the period during which the Secretary is prohibited by reason of such case from making the assessment or from collecting and— (2) for collection, 6 months thereafter. 26 U.S.C. § 6503(h)(2). Under this provision, the period of limitations for IRS collection is tolled for the period of the bankruptcy court’s automatic stay, during which the Bankruptcy Code prevents the IRS from collecting a tax liability, plus an additional six months.[3] Section 362(a) of the Bankruptcy Code provides an automatic stay on eight types of actions, including “any act to collect, assess, or recover a claim against the debtor that arose before the commencement of the case under this title.” 11 U.S.C. § 362(a)(6). Section 362(c) establishes the duration of this automatic stay in bankruptcy cases: (1) the stay of an act against property of the estate under subsection (a) of this section continues until such property is no longer property of the estate; (2) the stay of any other act under subsection (a) of this section continues until the earliest of—
(C) if the case is a case under chapter 7 of this title concerning an individual or a case under chapter 9, 11, 12, or 13 of this title, the time a discharge is granted or denied. 11 U.S.C. § 362(c). An act against the property of the bankruptcy estate is stayed until it is no longer part of the estate, but an act against the debtor—which is not an “act against property of the estate”—dissolves immediately upon the bankruptcy discharge order. Under Section 362(c)(2), the automatic stay will generally not end until the Bankruptcy Court issues its discharge order, and the period for collection is tolled for another six months thereafter. See Richmond, 172 F.3d at 1102.
Diane Drain2012-10-07 11:54:232017-01-26 00:19:31Miscellaneous Bankruptcy Issues	Divorce and Bankruptcy	October 7, 2012/0 Comments/in 4. a Videos, Bankruptcy, Bankruptcy Attorneys, Bankruptcy Videos, Business bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Collection companies & Debt buyers, Consumers, Credit Report, Creditors, Document Preparers, Trustee Sale and Foreclosure Videos, Trustee Sales /by Diane Drain
Diane Drain2012-10-07 11:48:312017-01-25 23:11:15Divorce and BankruptcyPage 1 of 212
Pages	Richard S. Berry, Why Pay a Lawyer, Pleads Guilty to Bankruptcy Fraud	February 27, 2015/2 Comments/in Attorneys, Bankruptcy, Consumer Issues, Credit Report, Debt Relief Agencies, Document Preparers /by Diane DrainRelated Post Mortgage Modification Fraud Short Sale and Foreclosure Frauds Continue Richard S. Berry aka Why Pay a Lawyer – indi… Consumer advisory: Don’t fall for a foreclosure re… Mortgage Modification Frauds BEWARE: Payday Loans and Deposit Advances
Diane Drain2014-09-07 18:53:172017-01-24 19:06:28The Most Difficult Part of Bankruptcy Has Nothing to Do With Money	Diane received AVVO 2014 Top Contributor Award	May 21, 2014/in Attorneys, Consumer Issues, General Legal Issues, General Videos /by Diane DrainRelated Post Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Bankruptcy & Consumer Issues Laws.com interview with Diane about her history by… Removing a Judgment after Bankruptcy Diane Selected as Top Valley Consumer Lawyer Michelle Ugenti’s bill to reduce the rights of dis…
Diane Drain2014-05-21 16:15:472017-01-22 20:16:54Diane received AVVO 2014 Top Contributor Award	Bankruptcy and family size – Unfair treatment	November 14, 2013/in 2005 Bankruptcy Abuse Prevention and Consumer Protection Act "BAPCPA", Attorneys, Bankruptcy, Bankruptcy Videos, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Issues /by Diane DrainRelated Post Laws.com interview with Diane about her history by… BEWARE: Payday Loans and Deposit Advances Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Bankruptcy & Consumer Issues Diane received AVVO 2014 Top Contributor Award Removing a Judgment after Bankruptcy
Diane Drain2013-11-14 10:07:412013-11-14 10:07:41Bankruptcy and family size - Unfair treatment	Removing a Judgment after Bankruptcy	September 18, 2013/in Bankruptcy, Bankruptcy Videos, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Issues /by Diane DrainRelated Post BEWARE: Payday Loans and Deposit Advances Can You Get a Mortgage After a Bankruptcy? Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Bankruptcy & Consumer Issues Laws.com interview with Diane about her history by… Bankruptcy and family size – Unfair treatmen…
Diane Drain2013-09-18 15:43:562017-01-25 02:25:48Removing a Judgment after Bankruptcy	Laws.com interview with Diane about her history by way of the law and bankruptcy	June 2, 2013/in Attorneys, Bankruptcy, Consumer Issues, General Legal Issues, General Videos /by Diane DrainRelated Post Diane Selected as Top Valley Consumer Lawyer Removing a Judgment after Bankruptcy Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … Bankruptcy & Consumer Issues Diane received AVVO 2014 Top Contributor Award Bankruptcy and family size – Unfair treatmen…
Diane Drain2013-05-26 15:49:462017-01-28 19:37:34Student Loans	BEWARE: Payday Loans and Deposit Advances	May 2, 2013/in Consumer Financial Protection Bureau, Consumer Issues, Debt Relief Agencies, Payday and other usury loans /by Diane DrainRelated Post Bankruptcy and family size – Unfair treatmen… Consumer Financial Protection Bureau finds Payday … Diane received AVVO 2014 Top Contributor Award Abuses in Online Payday Lending Are Widespread Laws.com interview with Diane about her history by… Regulators Cracking Down on Payday Loans