clipped from www.creditwritedowns.com
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Alabama Bankruptcy attorney Vonda S. McLeod shares thoughts and issues related to recent bankruptcy and consumer law issues.
Wednesday, July 16, 2008
Senator Bunning Not Snowed By Fed
Tuesday, July 15, 2008
Federal Reserve Board Amends Regulation Z
clipped from federalreserve.gov
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Friday, July 11, 2008
Mental Recession Comment Insults American People
clipped from www.nytimes.com
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Thursday, July 10, 2008
Bankruptcy May Help You Save Your Home
clipped from www.bloomberg.com
clipped from www.bloomberg.com
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Tuesday, July 8, 2008
Obama Proposes Bankruptcy Changes
clipped from www.ajc.com
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Wednesday, July 2, 2008
Did Negative Equity Contribute to GM's Downfall
clipped from market-ticker.denninger.net
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Monday, June 30, 2008
Consumers Blamed for Corporate Greed
clipped from articles.moneycentral.msn.com
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Monday, January 21, 2008
Florida Bankruptcy Court denies 523 complaint
In Loud v. Richie, 2007 WL 4644663, Bankr.M.D.Fla (December, 2007), an unscheduled judgment creditor failed to prove by a preponderance of the evidence that the Chapter 7 debtor, from whom they had purchased their 70-year- old home prepetition, made any misrepresentation regarding the condition of the home with the intent to deceive them. Therefore, the judgment debt was not of a kind specified in 11 U.S.C.A. 523(a)(2)(A), the discharge exception for actual fraud, and it did not fall within 523(a)(3)(B), the discharge exception for unlisted or unscheduled debts. Although the judgment creditors presented evidence that the home's original porch had deteriorated, that tie- backs should be installed to stabilize the basement walls, that groundwater had intruded into the basement, and that permits were not obtained for all contracting jobs completed on the property, they failed to show that the debtor was aware of the conditions at the time of the sale, and that he misrepresented or actively concealed them with the intent to deceive the judgment creditors.