An explanation of the Mortgage Debt Relief Act of 2007
Tuesday, March 2nd, 2010 Posted in debt relief | No Comments »The Mortgage Debt Relief Act of 2007 allows taxpayers to exclude from income the amount of debt forgiven related to their principle residence. If the debt was reduced through mortgage restructuring or the debt was forgiven connected to a foreclosure, ...
Special Message to Seniors and Disabled Whose Mortgages are Under Water
Thursday, February 25th, 2010 Posted in debt relief | No Comments »By Jerome S. Lamet, Supervising Attorney Debt Counsel for Seniors and the Disabled A recent article in “The New York Times” by Richard H Thaler expresses a realistic view of the problems of mortgages on houses that are greater than the value ...
Debt and student loans
Monday, November 9th, 2009 Posted in debt relief | 1 Comment »Whether you are in school, have graduated, have yet to enroll or are thinking of going back, this article from The Washingon Post offers some great information about borrowing money to pay for your education.
The Layaway Plan with AAUD Attorneys for Chapter 7 Bankruptcy
Wednesday, October 14th, 2009 Posted in debt relief | 2 Comments »The worst economic crisis since the Great Depression has brought back one of that era’s best innovations. American consumers caught in the credit squeeze or unwilling to pay extortion rate interest and fees on credit cards and other debts have ...