What happens if a creditor continues to report a debt after bankruptcy?
202106.25
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What happens if a creditor continues to report a debt after bankruptcy?

Occasionally a credit report may inaccurately continue to show liability on a debt that was discharged in bankruptcy. The Fair Credit Reporting Act is one possible remedy for this problem. While credit reporting agencies are initially required to ensure that information on the reports is accurate; they are under a more specific duty to investigate…

202106.18
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Creditor who was not represented by counsel ordered to pay over $41,000 for violating bankruptcy law in filing criminal embezzlement charges in attempt to collect debt

Creditor who was not represented by counsel ordered to pay over $41,000 for violating bankruptcy law in filing criminal embezzlement charges in attempt to collect debt: While criminal proceedings are not stayed by the bankruptcy laws, when a creditor files criminal charges simply in an attempt to collect a debt, they may face the wrath…

202106.18
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Massachusetts Federal appellate court determines that funds debtor held from an uncashed 401k loan check is property bankruptcy trustee can take and use to pay creditors

Massachusetts Federal appellate court determines that funds debtor held from an uncashed 401k loan check is property bankruptcy trustee can take and use to pay creditors: In reversing a bankruptcy court decision, the federal appellate court in Boston found that a $18,000 uncashed check for a loan from the Debtor’s 401k was property the trustee…

202106.18
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Chapter 13 can change interest rate and reduce debt on home to value of home when final payment on mortgage is due before final payment under plan

Chapter 13 can change interest rate and reduce debt on home to value of home when final payment on mortgage is due before final payment under plan: While the general rule in chapter 13 is that the debtor cannot modify the mortgage on a debt secured by the debtor’s principal residence (the debtor can cure…