Detroit school board candidates: Many foreclosures, bankruptcies, lawsuits – More than half of the candidates competing to lead the financially fragile Detroit public school district have filed for bankruptcy, or have had a foreclosure or an eviction. which was on the verge.
Obama announces 2-year pay freeze for federal workers – The freeze would take effect on Jan. 1, pending Congressional approval by the end of this year. The 2012 pay freeze will be proposed as part of fiscal 2012 budget proposals to be unveiled early next.
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Short Sale (Real Estate) – The lender either forgives the difference or gets a deficiency judgment against the borrower requiring him or her to pay the. not approve the short sale, it may use your financial information to.
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What can you do when you’re disabled, and an agency tries to collect on an old mortgage debt by seizing your disability payments? A Credit.com reader wrote in with this question: My husband had a VA.
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Huge Debts Feed a Bankruptcy Surge – As for his bankruptcy clients themselves, who had amassed all of the debt, he said, “The people that come into our offices are fixed-income individuals that have barely been able to pay their rent..
Are You Responsible For Your Deceased Relative’s Debts? – They don’t care who pays as long as someone does. Their agent may say whatever it takes to make you feel bound to pay the debt. Increasingly, collection agencies are specializing in collecting decedent’s debts because they have found that it’s easier to collect from the dead than from the living.
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80 years old and underwater – If you have the money. With that judgment, the collection agency could try to go after your assets. While retirement assets are protected, any other assets, such as bank accounts and cars owned by.