Posts

IF you want to watch some videos about your rights when debt collectors are contacting you, watch these videos

https://www.wwwlawofficeofedwardhanratty.com/debt-defense-videos


These are videos put out by a non-profit that helps people deal with debt,and with debt collectors. They will tell you what a collector can and cannot do, and how to stop them when they break the rules.

This is important if you have an FHA mortgage- Call the customer service number on your statement if you aren't sure if you do or not-DON"T PAY THE MORTGAGE FOR A YEAR-NO LATE FEES OR PENALTIES-NO CREDIT REPORTING

Image
'""; oE .o...
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000

ASSISTANT SECRETARY FOR HOUSING ­ FEDERAL HOUSING COMMISSIONER
Date: April 1, 2020
Mortgagee Letter 2020-06
To:      All FHA-ApprovedMortgagees All Direct Endorsement Underwriters All FHA Roster Appraisers All FHA-Approved 203(k)

More bankruptcy education-who is the bankrutpcy trustee and what do they do

Image
Some more bankruptcy education:
Who is the bankruptcy trustee in a Chapter 7 or Chapter 13 bankruptcy? What do they do?
In every case under chapter 7 or chapter 13 of the Code, a person called the trustee is appointed by the bankruptcy court. The trustee’s job is to represent the interests of the unsecured creditors. That means that all the creditors who lent money to the debtor but did not get security, a mortgage, a car note, etc., but rather only got a promise to repay, are represented by this one person, the trustee. So not every creditor needs to get a lawyer. The trustee’s job is pretty straightforward in theory, and the bankruptcy laws lay it out.. It  includes collecting property of the estate from whoever has it (remember what the estate is, we covers it in an earlier installment of this series), objecting (if appropriate) to an exemption of some of debtors assets if needed, objecting to debtor's discharge if needed discharge, selling estate property and distributing the mon…

Governor of NJ stops all foreclosures and evictions effective now

Image
Below is a link to the New Jersey Unemployment site, if you are laid off, reduced hours or unable to work for family/health reasons, click on it to learn about getting benefits. You paid into the fund, and you are entitled to get paid out of it.
The button below will take you to the state website that will explain what you can do and how to do it.


Information about getting unemployment checks when I am laid, hours reduced or can't go to work.

Even more on bankruptcy. What is a Bankruptcy Estate?

Image
Even more on bankruptcy.
What is a bankruptcy estate?
The "bankruptcy estate" is a term that comes up a lot in bankruptcy, because it is the most essential part of any bankruptcy case. It is all the property rights, "the stuff" that the court can control during the bankruptcy case. When the petitions field (the papers that start the bankruptcy case) the "estate" is created. like when someone dies, what they leave behind is the estate, but here no one is dead. The estate is everything the debtor has a right to, whether he has control o it when he files or can get control over it later, so it is pretty broad as to what it contains. There are lots of disputes over what is and what is not part of the estate- is a lawsuit that is not filed, or even unknown at the time of filing, part of the estate? If your uncle died and left you money but you haven't received it yet, is that part of the estate? That's stuff bankruptcy judges decide. Big problems com…