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10 Common Questions About Bankruptcy

Debt Free Colorado

A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge. There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. Do Bankruptcies Come in Different Types?

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 21, the California Department of Financial Protection and Innovation (DFPI) announced that it has ordered a Richmond, CA woman and four entities under her control to desist and refrain from an alleged securities fraud scheme impacting Tongan communities within the state.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The bill additionally leaves room for assets that don’t fit neatly into either category. On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act.