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Bankruptcy Court Denies Section 546(e) Safe Harbor Protection in Fraudulent Transfer Action

PBWT

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution. a financial institution [or] a transfer made by or to (or for the benefit of) a.

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What Happens to Your Credit Score after Bankruptcy?

Credit Corp

Bankruptcy can happen to anyone—despite their best efforts. And while most people understand that bankruptcy is generally bad for them, many don’t realize the details of how it can impact you. Read below to find out what happens to your credit score after bankruptcy and what you can do to repair your credit afterward.

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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

The first consideration that lenders (banks and credit unions alike) often face is when, and if, to conclude that the account owner does not intend to, or is not able to, clear the negative balance or loan deficiency. Credit Union , 2013 U.S. Charging Off” Uncollectable Debt. Old Nat’l Bank Corp., Hiway Fed.

Lender 98
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Credit unions and banks don’t get along, but join forces against CFPB

Collection Industry News

Banks and credit unions rarely see eye-to-eye, so it was no surprise when Dan Berger, president and CEO of the National Association of Federally-Insured Credit Unions, called out “greedy” bank executives responsible for recent bank failures. LONG BEACH, Calif.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Can Bankruptcy Get Rid of My Credit Card Debt in Broomfield, CO?

Debt Free Colorado

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Is My Credit Card Debt Dischargeable in Bankruptcy?

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On January 24, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would prohibit covered financial institutions from charging fees, such as nonsufficient funds fees, when consumers initiate payment transactions that are instantaneously declined. For more information, click here.