ABI Blog Exchange

You may be able to keep the collateral you originally pledged to your lender by repaying your lender in a lump sum that amount the item is worth, rather than what you actually owe on the loan.

If you are thinking about signing a reaffirmation agreement, your first question should always be whether you can afford the monthly payments.

Too busy to blog, but still trying to tweet cases daily that I think you'll find of interest (and perhaps even helpful to one

No. A “reaffirmation agreement” is a brand new contract between you and the institution or person to whom your debt is owed.

Thanks to those who participated in this week’s Legal Q&A Forum! Our winner is Rufus H. from Littleton, Colorado who asks: “Can I Get My Driver’s License Back By Filing Bankruptcy?”

In a 252-170 vote, the U.S. House of Representatives approved elimination of the controversial Home Affordable Modification Program (HAMP).

Yes. You can cancel any reaffirmation agreement for sixty days after it is filed with the court. You can also cancel at any time before the bankruptcy court’s discharge order.

For consumers who are struggling to pay their debts and make ends meet, a credit counseling service can provide information, guidance, and solutions. Credit counseling agency services include:

Find a good credit counseling agency to help resolve your credit troubles.

The Billings Gazette reports that a Montana businessman is facing federal fraud charges for misappropriating money from creditors, filing for bankruptcy to delay paying creditors and lying about his debts.

If you fall behind on your loan payments, you may be worried that the creditor can repossess something you own – like your car, your home, or even your new refrigerator.

Homeowners in DC, VA and MD seeking loan modifications to save the family home may see improvements in the currently messy process if a group of state attorney generals and federal officials are successful in on-going

If you ever needed proof that tax refund anticipation loans are bad idea for the borrower, just take a look at what is happening to Jackson Hewitt.

Irving Picard, the trustee overseeing the liquidation of Bernard L.

Thanks to those who participated in this week’s Legal Q&A Forum! Our winner is Peter D. from Louisville, Colorado who asks: “Will Bankruptcy Wipe Out All My Debts?”