January, 2022

Remove 2020 10
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An Inherited 401(k) Retirement Account is Excluded from the Bankruptcy Estate

ABI

Corbell-Dockins (“Dockins”) and her husband filed voluntary petitions for relief under Chapter 7 of title 11 of the United States Code (the “Bankruptcy Code”) on April 2, 2020. [2] 2] In March 2020, Dockins inherited a 401(k) account owned by her deceased former partner (“Decedent”). [3] at *3–*4. [6] at *5–*8. [9] at *11–*12. [12]

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On January 10, the CFPB announced that it sued several debt-collection companies and their owners for illegal debt-collection practices. On January 10, the FTC issued an alert about a new cryptocurrency payment scam involving impersonators convincing consumers to send money obtained from a cryptocurrency ATM via a quick response code.

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The COVID-19 Federal Student Loan Freeze Was Extended—What’s Next?

Credit Corp

For example, let’s say you owe $30,000 on a 10-year repayment plan with a 10% interest rate. If you haven’t made payments since March 2020, make some time to reacquaint yourself with the process. Federal student loans come with many advantages, but refinancing them may be just the thing that boosts your budget.

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Wrongful Death Claim Unrecoverable from Asbestos Settlement Trust

ABI

7] The claim was denied, and in May 2020, Darden’s wife and children (collectively, the “Dardens”) commenced an adversary proceeding seeking declaratory relief that the Trust must compensate them for Edward Darden’s illness and wrongful death, irrespective of the Release. [8] 10] See id. at *10 ( citing Eriksson v. 13, 2021). [3]

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Debtors do not have the Burden to Prove Section 523(a)(8) applies to their Loans

ABI

10] However, the court was persuaded by the authority concluding that the burden is on the creditor. [11] 10] See id. [11] In coming to its conclusion, the court noted that Navient had failed to provide support for its position that a plaintiff has the burden of proof. [9] 13]. Apr. 29, 2021). [4] 4] See id. [5]

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10 New Year’s Financial Resolutions for Better Credit, Savings, and Wealth

Credit Corp

Guard It: In 2020, more than 1.4 Your credit mix accounts for 10% of your credit score. The post 10 New Year’s Financial Resolutions for Better Credit, Savings, and Wealth appeared first on Credit.com. This can help you add positive payment history for things you’re already paying on-time. on Upgrade's secure website.

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“All Commercial Tort Claims” is Insufficient Description to Perfect a Security Interest

ABI

10] Because Polk did not have a perfected security interest in the D&O claims, it therefore has no standing to assert them. [11]. 2020); see also 6 Del. 12] Therefore, to create a security interest, security agreement or controlling documents must expressly reference the D&O claims within the agreement. [13]. 9] Schwartz, No.