Resources

Help! Someone is Suing Me For Student Loans!

Help! Someone is Suing Me For Student Loans!

You don't have to panic.

Student loans have become an iron anchor the size of the titanic around the ankles of many young (and middle-aged) people in the United States today. Many of these folks are being sued for private student loan debt. It’s a scary thought, being sued for tens of thousands of dollars for loans taken out when you were much younger and had no real way of knowing what the cost would actually be. I'm going to give those folks a little information about student loan lawsuits, the players, and how an attorney (like me) can help you.

Debt Collectors Do the Darnedest Things

Debt Collectors Do the Darnedest Things

Probably not.

If you have ever had the misfortune of dealing with a bad debt collector, you know that they can sometimes behave like they are untouchable. They go out of their way to make hard-working people who can’t pay their debts feel like dirt. They think they are untouchable because they rarely get challenged.

Getting Your Money Back from the City of Buffalo In Rem Foreclosure

Getting Your Money Back from the City of Buffalo In Rem Foreclosure

The City of Buffalo and other local cities and towns have the ability to take your property if you are delinquent on taxes, user fees, sewer fees, or water bills. They do this through an expedited foreclosure process known as an “in rem” proceeding. The City of Buffalo will file one massive lawsuit and put the owners of each property on notice.

How Does Chapter 7 Bankruptcy Work?

How Does Chapter 7 Bankruptcy Work?

For people who have never filed for bankruptcy (and for lawyers that don't practice bankruptcy law), the actual mechanics of filing for bankruptcy are unknown. The goal of this post is to answer some common questions about filing from bankruptcy and to give you an idea of what a typical bankruptcy proceeding under Chapter 7 entails. We'll touch on Chapter 13 later.

Stuff You Should Know About Special Education Law: An Overview

Stuff You Should Know About Special Education Law: An Overview

Special education law is a mystery to a lot of lawyers and a lot of parents. It really only comes up when a child has special needs and requirements in order to thrive in a school environment. This is the first in a series of posts designed to shed a little light on the topic. This post will be a broad overview of the law, with subsequent posts dealing in more detail with each aspect. So let's dive in.

Second Marriages & Estate Planning: It's Complicated

Second Marriages & Estate Planning: It's Complicated

A common issue for families in modern America is the need for estate planning in blended families. Estate planning is important in general, but a well-crafted estate plan can be a lifesaver when you have a blended family.

What is a blended family?

For the sake of this post, we will define a "blended family" as a family where one or both of the spouses have had a prior marriage with children. Basically, a blended family pops up when two people get married but one of them has been married before and already has children.

Why is Midland Funding Suing Me?

Why is Midland Funding Suing Me?

Ah, Midland Funding. Any lawyer working with people to resolve debt issues has run across Midland Funding. I wish I could say nice things, but that's just not in the cards.

Short version

Midland Funding is a debt buyer that purchases mountains of debt from credit card companies at extremely low rates and tries to collect that debt from people who have never heard of or done business with Midland Funding.

Who is the National Collegiate Student Loan Trust and Why Are They Suing Me?

Who is the National Collegiate Student Loan Trust and Why Are They Suing Me?

If you're reading this, you have probably received a Summons and Complaint from someone you've never heard of called the "National Collegiate Student Loan Trust 20XX- X". I would bet almost any amount of money that you have never done business with anyone named the "National Collegiate Student Loan Trust". 

But I would bet that you had a private student loan. What you're looking at is the result of "securitization" of that loan.

Pros and Cons of Consumer Bankruptcy

Pros and Cons of Consumer Bankruptcy

Many people see bankruptcy as a big, scary bogeyman that will strip away all of their hard work and leave them destitute, penniless, and pathetic. This couldn't be further from the truth. While there are some downsides to bankruptcy and it isn't a pleasant experience, it is usually much better than living in constant, unending, crushing debt. Some of the pros and cons of bankruptcy are explained below.

A Tale of Two Debtors

A Tale of Two Debtors

There were once two people who had a lot of credit card debt. Let's call them Jane and Ingrid. Both Jane and Ingrid went to college for four years and had a hard time finding a job after. They used credit cards to buy groceries and other things, not because they were spending all of their money on fun things, but because they had no other choice. After a few months, Jane and Ingrid each came down with a bad case of pneumonia and had to spend some time in the hospital. The bills piled up. 

What Do I Do When A Debt Collector Keeps Calling?

What Do I Do When A Debt Collector Keeps Calling?

Your phone ringing every day from the same number. You usually don’t pick it up because you know that it’s a debt collector. Every once in awhile, you answer the phone to confirm your suspicions. One of three things happens: the voice on the other end is recorded, there is a long pause before your are connected to someone, or the person at the other end immediately starts in with their spiel. You might receive 5 to 10 calls per day. They call while you are getting ready for work, while you are driving to work, on your lunch break, and after you get home for the night. They are persistent, you have to give them that.

Trusts: A Quick Overview

Trusts: A Quick Overview

A trust, in simplest terms, is a legal arrangement where the ability to control something and the ability to enjoy that something belong to different people. When money is put into a trust, it is managed by a person called a trustee. That person has a fiduciary responsibility to take care of the money in a way that protects it from harm. The person who gets to enjoy the money is the beneficiary of the trust. What the beneficiary actually receives is decided based on the terms of the document creating the trust.

What Happens to My Stuff When I Die?

What Happens to My Stuff When I Die?

There are three ways your stuff can be disbursed when you die:

  1. If you die with a will, your stuff will be disbursed based on your the wishes you have detailed on paper. Someone you trust and name in the will is usually appointed by the Court to handle giving your money and things to the people you want them to go to.