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March 2012 Archives

Deciphering bankruptcy forms: Statement of Intentions

Filing for Chapter 7 bankruptcy in Washington, D.C., and elsewhere requires many forms. The Statement of Intentions form tells the court what you intend to do with your secured debts, which are car loans, mortgages, times shares, appliance loans and jewelry loans.

Couple uses grassroots movement to fight foreclosure

Grassroots movements are taking up the cause of minority communities being ravaged by mortgage fraud and foreclosure. The movement has slowly been gaining speed across the country over the past decade and really seems to be making a difference in affected neighborhoods. Maybe politicians in Washington, D.C., will finally take notice.

FTC shuts down debt-collection company

The Federal Trade Commission has shut down another operation for defrauding vulnerable Americans who are saddled with debt. Following the economic hardships of the recession and rise in personal bankruptcy filings, more companies have preyed on consumers who are unsure of their rights. The latest companies to be shut down, American Credit Crunchers and Ebeeze, both run by one man, had defrauded more than $5 million from victims over the past two years.

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