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THE FAIR CREDIT REPORTING ACT

THE FAIR CREDIT REPORTING ACT
The purpose of the FCPA is to ensure accuracy and fairness of credit reporting through reasonable procedures.
Who can and cannot view your personal credit profiles.
What information must be removed, corrected, or deleted from your credit reports.
Credit bureaus can collect and furnish credit reports only under specific conditions; or face civil liability.
How to properly dispute inaccurate information contained in your credit reports.
Unauthorized disclosure of consumer credit reports subjects the violator to civil penalties.

NEED TO FILE YOUR NY BANKRUPTCY PETITION, HERE ARE THE COURTS

I am about $30,000 in debt. I am literally a second away from living on the streets!!!!

July 26th, 2010

I am thinking of filing for bankruptcy – this is because I am flat broke. My case is pretty straightforward and I am about $30,000 in debt. I am literally a second away from living on the streets – I can’t afford an attorney, but several I consulted with have scared me into thinking I need one. Can I file for bankruptcy myself?


Read More: [I am about $30,000 in debt. I am literally a second away from living on the streets!!!!]


Is it possible to refinance after filing for bankruptcy?

July 26th, 2010

Is it possible to refinance after filing for bankruptcy? My credit is trashed and now it it even worse. I tried to save my house but I am falling behind in payments again. What are my options?


Read More: [Is it possible to refinance after filing for bankruptcy?]

PERSONAL ASSETS IN A BUSINESS BANKRUPTCY

July 26th, 2010

My wife and partner, as well as myself, are guarantors on a SBA loan. After liquidating our business equipment to pay our loan, can our other personal assets be at risk too


Read More: [PERSONAL ASSETS IN A BUSINESS BANKRUPTCY]

CAN I COLLECT FROM A BANKRUPT COMANY?

July 26th, 2010

I sold supplies to a company that then sold my product and then keeps a percentage of the sale. Long story short, the company eventually stopped paying me and owes me a couple of thousand dollars. The company then filed for bankruptcy and I received a letter that I was listed as a creditor; the notice says there is a court hearing – do I have to attend the hearing? Will I get any money back?


Read More: [CAN I COLLECT FROM A BANKRUPT COMANY?]

PERSONAL GUARANTEE QUESTION?

July 26th, 2010

Let’s say your company files for chapter 7, and you signed as personal guarantee for an item that was voluntarily returned. My question is, can the lender still put a collection on your credit report?


Read More: [PERSONAL GUARANTEE QUESTION?]

If her parents sell us the house and then file for bankruptcy, will affect them legally?

July 26th, 2010

My wife and I live in a two-family home that is owned by her parents. Technically, the building is owned by her parents company, which owns other properties as well. The business is now in financial trouble and her parents are considering bankruptcy. We would like to buy the house from them and continue living here. If her parents sell us the house and then file for bankruptcy, will affect them legally? Her parents have expressed concern that the property will be repossessed even if it is in our name. If we pay for the house and have our own loan on it, I would think that their bankruptcy filing would have nothing to do with us. What will happen?


Read More: [If her parents sell us the house and then file for bankruptcy, will affect them legally?]

WILL BANKRUPTCY TRUSTEE TAKE MY SCHOOL TUITION?

July 26th, 2010

I have a significant amount of debt and am planning to go to graduate school in a few months. My parent’s will be the ones making tuition payments. The money will go straight from them to the school. None of the debt I have now is school related. I am wondering if my creditors/trustee will look to seize the money from the school? The money is most certainly not mine and will not go into any of my accounts.


Read More: [WILL BANKRUPTCY TRUSTEE TAKE MY SCHOOL TUITION?]

Business Bankruptcy Legal Question

July 20th, 2010

My business is not doing well and I have not been able to pay rent for almost 2 months. I have minimal assets other than the business assets. I am in the adult video busiess. I buy the videos for one dollar each and distribut them to stores and on line for three dollars each or retail at $10 each.


Read More: [Business Bankruptcy Legal Question]

Dischargeability of Student Loans in Bankruptcy

April 27th, 2010

Regarding the dischargeability of student loans in bankruptcy proceedings. This is not a case where the debt arose in the context of fraud or false pretenses, fiduciary fraud or willful and malicious injury to property (see 11 U.S.C. § 523[c], formerly Bankruptcy Act of 1898 § 17[c][2], 11 U.S.C. § 35[c][2] ). Therefore, Special Term had jurisdiction to determine the dischargeability


Read More: [Dischargeability of Student Loans in Bankruptcy]

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