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	<title>Bankruptcy NYC Development Site &#187; Blog</title>
	<link>http://bankruptcynyc.com</link>
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		<title>Bronx bankruptcy lawyer comments on New York jurisdiction in Federal Housing cases</title>
		<description><![CDATA[An October 13th, 2011 New York Law Journal article reported that the Federal Housing Finance Agency filed 13 of their lawsuits against some of the world’s largest financial institutions in the New York federal court . The agency additionally filed four in the New York state court and one in the Connecticut court system. Court [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-comments-on-new-york-jurisdiction-in-federal-housing-cases/</link>
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		<title>Pennsylvania’s state capital heads to bankruptcy court</title>
		<description><![CDATA[Harrisburg, the capital of Pennsylvania filed for bankruptcy against the wishes of both the mayor and Governor Tom Corbett, as reported by The New York Times in an October 12th, 2011 news article. Harrisburg’s City Council apparently held a meeting discussing whether or not to declare the city bankrupt and after a 4-to-3 vote, the [...]]]></description>
		<link>http://bankruptcynyc.com/pennsylvania%e2%80%99s-state-capital-heads-to-bankruptcy-court/</link>
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		<title>Bankruptcy court appoints new leader for solar energy company</title>
		<description><![CDATA[After filing for bankruptcy the California energy company, Solyndra, struggles to restructure itself, as reported in an October 13th, 2011 New York Times article. In an effort to help the company with its financial struggles the bankruptcy court handling the case approved the hiring of a new officer, R. Todd Neilson. Mr. Neilson previously served [...]]]></description>
		<link>http://bankruptcynyc.com/bankruptcy-court-appoints-new-leader-for-solar-energy-company/</link>
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		<title>Queens New York attorneys facing more than just mortgage trouble</title>
		<description><![CDATA[Two Queens’ attorneys are facing federal charges for their possible involvement in a mortgage fraud scheme that yielded roughly $25 million over the last ten years, as reported in an October 6th, 2011 news article. Both attorneys were indicted by the Eastern District and are now facing the grand jury. The two allegedly worked with [...]]]></description>
		<link>http://bankruptcynyc.com/queens-new-york-attorneys-facing-more-than-just-mortgage-trouble/</link>
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		<title>Citibank Vice President pleads guilty to embezzlement</title>
		<description><![CDATA[Citigroup’s vice president pleaded guilty to embezzlement charges as reported by the New York Law Journal in a September 7th, 2011 news article. The Vice President admitted to embezzling over $22 million and agreed to turn over majority of his estate which includes real estate in Brooklyn, Manhattan, and New Jersey, and numerous luxury cars. [...]]]></description>
		<link>http://bankruptcynyc.com/citibank-vice-president-pleads-guilty-to-embezzlement/</link>
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		<title>The New York Times criticizes President Obama for not nominating Elizabeth Warren as director of the new Consumer Financial Protection Bureau</title>
		<description><![CDATA[The New York Times published an editorial criticizing President Barack Obama for passing over Elizabeth Warren as director of the newly created Consumer Financial Protection Bureau. “Consumers vs. Banks,” The New York Times, Sunday, July 24, 2011. Elizabeth Warren is a Harvard law professor and the main person behind the creation of the new Consumer [...]]]></description>
		<link>http://bankruptcynyc.com/the-new-york-times-criticizes-president-obama-for-not-nominating-elizabeth-warren-as-director-of-the-new-consumer-financial-protection-bureau/</link>
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		<title>Legislation Pending for Student Debtors</title>
		<description><![CDATA[The rising cost of higher-level education in the U.S. has forced thousands of current and would be college students to take out loans to help pay for their education. According to a “New York Times” Op-Ed article published on August, 27 2011, many schools have pushed students into private loans to help alleviate the rising [...]]]></description>
		<link>http://bankruptcynyc.com/legislation-pending-for-student-debtors/</link>
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		<title>NYU Professors Suggest Changes to Housing Finance System</title>
		<description><![CDATA[Recent concern over the mortgage crisis has send hundreds of economists scrambling to find solutions to the financial crisis, in particular the housing finance system. While many argue for the continuation of direct assistance to those struggling with their mortgages, three professors at NYU Stern have suggested an alternative approach. According to an August 30, [...]]]></description>
		<link>http://bankruptcynyc.com/nyu-professors-suggest-changes-to-housing-finance-system/</link>
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		<title>Bank of America Accused of Reneging on Mortgage Agreement</title>
		<description><![CDATA[The attorney general of Nevada, Catherine Cortez Masto, is accusing Bank of America of going back on a broad loan modification agreement agreed upon in October 2008, says “The New York Times” in an August 31, 2011 publication. The settlement came at the height of investigations into the predatory loan practices of several large banks [...]]]></description>
		<link>http://bankruptcynyc.com/bank-of-america-accused-of-reneging-on-mortgage-agreement/</link>
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		<title>New York Attorney General declines to agree with large banks</title>
		<description><![CDATA[Large banks in New York are eager to reach a settlement agreement with Eric T. Schneiderman, New York’s Attorney General, as reported in an August 21st, 2011 New York Times article. Mr. Schneiderman, on the other hand, is dragging his feet in discussing the matter. Along with other state attorney generals, Mr. Schneiderman is objecting [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-attorney-general-declines-to-agree-with-large-banks/</link>
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		<title>Medical debt outranks other debt in bankruptcy survey</title>
		<description><![CDATA[A new study has found that medical debt is the biggest contributing factor to people filing for a personal bankruptcy, as reported in an August 18th, 2011 New York Times article. The study reported that approximately 20% of people who filed for bankruptcy cited medical debt as the primary cause of their debt. This percentage [...]]]></description>
		<link>http://bankruptcynyc.com/medical-debt-outranks-other-debt-in-bankruptcy-survey/</link>
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		<title>Alabama County avoids bankruptcy but barely</title>
		<description><![CDATA[Alabama finally struck an agreement on how to deal with one of their county’s substantial debt, reported the New York Times in a September 16th, 2011 news article. The county’s debt was so high that if a bankruptcy would have been filed it would have gone down in American history as the biggest municipal bankruptcy [...]]]></description>
		<link>http://bankruptcynyc.com/alabama-county-avoids-bankruptcy-but-barely/</link>
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		<title>Bronx bankruptcy attorney gives tips on freelancers applying for a mortgage</title>
		<description><![CDATA[With the job market still is not on stable ground many Americans have turned to freelance jobs to help pay the household bills. Unfortunately, income from freelance jobs can have a grave effect on a person getting or modifying their home mortgage, as reported in an August 26th 2011 article. For those freelancers looking to [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-gives-tips-on-freelancers-applying-for-a-mortgage/</link>
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		<title>Federal loan guarantee drops and so does the New York housing market</title>
		<description><![CDATA[The new federal loan guarantee drops on October 1st, 2011 and it is definitely not going to help the New York City housing market, as reported by a New York Times August 26th, 2011 new article. The new limit is being lowered from $ 729, 750 to only guaranteeing loans that are under $625,000. Of [...]]]></description>
		<link>http://bankruptcynyc.com/federal-loan-guarantee-drops-and-so-does-the-new-york-housing-market/</link>
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		<title>New bill may allow students to discharge private student loans</title>
		<description><![CDATA[Since the start of the recession more people have been heading back to school to better their skills and gain more opportunities for employment, but with these new skills comes new debt, as reported by the New York Times on August 26th, 2011. To pay for their new education, many people have taken out high-cost [...]]]></description>
		<link>http://bankruptcynyc.com/new-bill-may-allow-students-to-discharge-private-student-loans/</link>
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		<title>Opting in to high debit card fees</title>
		<description><![CDATA[Recently, the Consumer Federation of America made it a requirement for banks to give their patrons the choice to “opt in” or “opt out” of being able to overdraft their debit card transactions. If they “opt it” the bank will allow their debit card to still be processed even if there is not a sufficient [...]]]></description>
		<link>http://bankruptcynyc.com/opting-in-to-high-debit-card-fees/</link>
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		<title>New York Court Ruled that Collecting Agency Cannot Compel Arbitration on Behalf of Verizon &amp; AT&amp;T</title>
		<description><![CDATA[A recent ruling, published in the New York Law Journal on September 9, 2011, has determined that the collection agency, Collecto, had no right to force arbitration on collection claims from AT&#38;T and Verizon on former customers who failed to pay their bills. Judge Spatt declared that under the Fair Debt Collection Practices Act, the [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-court-ruled-that-collecting-agency-cannot-compel-arbitration-on-behalf-of-verizon-att/</link>
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		<title>Financial Concerns for Recently Widowed</title>
		<description><![CDATA[&#160; Losing one’s spouse comes with additional financial woes on top of the emotional. According to a New York Times article published September 3, 2011, the recently widowed may be more prone to falling into financial pitfalls. The death of a spouse can leave many financial issues left unattended, and women often take on these [...]]]></description>
		<link>http://bankruptcynyc.com/financial-concerns-for-recently-widowed/</link>
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		<title>The Fifteen Year Mortgage</title>
		<description><![CDATA[New mortgage plans are emerging that may save borrowers money and entice some to take out these loan plans. In recent years, 15-year mortgages have become more popular. These shorter plans save money in the long run for many consumers but have their own risks. In an August 21, 2011 article in the New York [...]]]></description>
		<link>http://bankruptcynyc.com/the-fifteen-year-mortgage/</link>
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		<title>Federal Government to Sue Seventeen Mortgage Institutions</title>
		<description><![CDATA[A September 3, 2011 New York Times article reported that the U.S. government is preparing to file suit against several  financial institutions that sold around $200 billion in mortgage-backed securities to Fannie Mae and Freddie Mac that later fell apart. These new lawsuits are the most recent legal action being taken against banks that are [...]]]></description>
		<link>http://bankruptcynyc.com/federal-government-to-sue-seventeen-mortgage-institutions/</link>
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		<title>Bank of America Restructures Top Management</title>
		<description><![CDATA[Following a steady decline in stock values over the past few years, Bank of America is letting go of two top executives. According to the September 7, 2011 “New York Times,” Sallie Krawcheck and Joseph Price are both being relieved from their top management level positions. Bank of America has struggled since the financial crisis [...]]]></description>
		<link>http://bankruptcynyc.com/bank-of-america-restructures-top-management/</link>
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		<title>A New York college acting against hazing after the death of a student</title>
		<description><![CDATA[Cornell University is taking steps to eradicate risky pledging practices after it has been under fire for the death of a student who died at fraternity house, the Associated Press reports. “After student’s death, Cornell moves to end hazing,” Associated Press, Wednesday, August 24, 2011.” A Cornell student, 19-year old George Desdunes, died during the [...]]]></description>
		<link>http://bankruptcynyc.com/a-new-york-college-acting-against-hazing-after-the-death-of-a-student/</link>
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		<title>Picking up the financial pieces after losing a spouse</title>
		<description><![CDATA[Losing a spouse is an extremely gut wrenching event that completely changes a person’s life, especially their financial situation. A New York Times article published September 2nd, 2011 discussed the money challenges many widows face today. One challenge is many widows receive a large sum of money from an insurance settlement but many spend their [...]]]></description>
		<link>http://bankruptcynyc.com/picking-up-the-financial-pieces-after-losing-a-spouse/</link>
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		<title>Supporting your child after you are gone</title>
		<description><![CDATA[Parents always want the best for their children they encourage them to achieve greatness. But sometimes being over involved in a child’s life can lead to a child never being able to be an independent mature adult. Of course then the next issue that a parent has to deal with is, who is going to [...]]]></description>
		<link>http://bankruptcynyc.com/supporting-your-child-after-you-are-gone/</link>
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		<title>New sport stars and new college graduates a lot more in common than you think</title>
		<description><![CDATA[New college graduates can learn a thing or two from mistakes made by some famous sports athletes, but I’m not referring to mistakes made on the field. I am referring to the mistakes made affecting a person’s bank account. The New York Times offered a few helpful tips in a September 9th, 2011 article to [...]]]></description>
		<link>http://bankruptcynyc.com/new-sport-stars-and-new-college-graduates-a-lot-more-in-common-than-you-think/</link>
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		<title>Massachusetts Port Authority dismissed from 9/11 lawsuit</title>
		<description><![CDATA[In the last lawsuit related to the events of September 11, 2011, a federal judge dismissed the claim against the Massachusetts Port Authority, the Associated Press reports. “NY judge releases Mass. Agency from 9/11 lawsuit,” Associated Press, Wednesday, July 27, 2011. Mark Bavis, 31, died when he was aboard United Airlines Flight 175, the second [...]]]></description>
		<link>http://bankruptcynyc.com/massachusetts-port-authority-dismissed-from-911-lawsuit/</link>
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		<title>Juror faints and prompts a $10 million settlement</title>
		<description><![CDATA[You hear many times stories of events that cause long delays in legal actions. So it is rare to find a case in which an unexpected event actually prompted the end of the lawsuit. This is what happened in a case in which a juror fainted, the trial gets delayed, and during break the parties [...]]]></description>
		<link>http://bankruptcynyc.com/juror-faints-and-prompts-a-10-million-settlement/</link>
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		<title>Bronx Lawyer Discusses New Refinancing Plan</title>
		<description><![CDATA[The White House may have plans to refinance loans owned by government-controlled mortgage companies Fannie Mae and Freddie Mac. These plans may help homeowners who are having difficulty paying high-interest rate mortgages. According to “A Lifeline for Homeowners”, published in the New York Times on August 26, 2011, a refinancing plan will seek to lower [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-lawyer-discusses-new-refinancing-plan/</link>
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		<title>The housing market in the Miami area is showing signs of improvement</title>
		<description><![CDATA[The very depressed housing market in the Miami area is showing signs of improvement, The New York Times reports. “Affluent Buyers Reviving Market for Miami Homes,” The New York Times, Tuesday, July 26, 2011. The housing market in South Florida has been in real bad shape in recent years. In Miami-Dade County, one out of [...]]]></description>
		<link>http://bankruptcynyc.com/the-housing-market-in-the-miami-area-is-showing-signs-of-improvement/</link>
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		<title>The Consumer Financial Protection Bureau is overseeing the terms of mortgages</title>
		<description><![CDATA[The recently created Consumer Financial Protection Bureau is starting to oversee the terms of mortgages and looking for ways to make them better for borrowers, The New York Times reports. “Sorting Through Lending Costs,” The New York Times, Sunday, July 24, 2011. The Consumer Financial Protection Bureau (C.F.P.B.) is legally required by July 2012 to work [...]]]></description>
		<link>http://bankruptcynyc.com/the-consumer-financial-protection-bureau-is-overseeing-the-terms-of-mortgages/</link>
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		<title>New Fees for Debit Card Use</title>
		<description><![CDATA[The use of debit cards has become pervasive throughout everyday life for many of us. Their ease of use and safety features provides us with convenience when purchasing goods and services. However, their widespread use may become slightly less common. According an article published on August, 27 2011 in the New York Times, some banks [...]]]></description>
		<link>http://bankruptcynyc.com/new-fees-for-debit-card-use/</link>
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		<title>Advising consumers to be careful when it comes to the Good Faith Estimate</title>
		<description><![CDATA[When you are looking for the best deal on a mortgage, it is important to be well-advised when it comes to the Good Faith Estimate, The New York Times reports, “Sorting Through Lending Costs,” The New York Times, Sunday, July 24, 2011. The Good Faith Estimate (G.F.E.) is important because this is the document in [...]]]></description>
		<link>http://bankruptcynyc.com/advising-consumers-to-be-careful-when-it-comes-to-the-good-faith-estimate/</link>
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		<title>How people are reacting to the foreclosure crisis in Spain</title>
		<description><![CDATA[In a country considered by many to have the harshest foreclosure laws in Europe, protesters in Spain are blocking evictions, The New York Times reports. “Foreclosure Protesters in Spain’s Cities Now Go Door to Door,” The New York Times, Saturday, July 16, 2011. In Spain the borrower is in absolute deep trouble if he or she [...]]]></description>
		<link>http://bankruptcynyc.com/how-people-are-reacting-to-the-foreclosure-crisis-in-spain/</link>
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		<title>How Bank of America is dealing with Countrywide Home Loans&#8217; settlement</title>
		<description><![CDATA[Bank of America faced difficult challenges after acquiring in 2008 Countrywide Home Loans because this acquired bank was in trouble with the Federal Trade Commission for overcharging borrowers, The New York Times reports. “Countrywide to Distribute Settlement to Its Clients,” The New York Times, Thursday, July 21, 2011. According to the Federal Trade Comission (F.T.C.), [...]]]></description>
		<link>http://bankruptcynyc.com/how-bank-of-america-is-dealing-with-countrywide-home-loans-settlement/</link>
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		<title>The $108 million Countrywide settlement will be distributed</title>
		<description><![CDATA[Countrywide Home Loans, who has agreed to pay $108 million in a settlement for allegedly charging excessive fees, will finally get to distribute the money to affected borrowers, The New York Times reports. “Countrywide to Distribute Settlement to Its Clients,” The New York Times, Thursday, July 21, 2011. The Federal Trade Comission (F.T.C.) charged Countrywide [...]]]></description>
		<link>http://bankruptcynyc.com/the-108-million-countrywide-settlement-will-be-distributed/</link>
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		<title>More pets are being left at shelters due to foreclosures</title>
		<description><![CDATA[Humans are not the only ones affected by foreclosures. Pets get hurt too, as they are forced to go to shelters, The New York Times reports. “Foreclosure? Many Pets Are Losing Their Homes,” The New York Times, Sunday, July 17, 2011. In Chicago people are noticing that the number of pets being left at shelters [...]]]></description>
		<link>http://bankruptcynyc.com/more-pets-are-being-left-at-shelters-due-to-foreclosures/</link>
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		<title>Appaloosa Management sold off a good part of its holdings in Bank of America</title>
		<description><![CDATA[Appaloosa Management, one of Bank of America&#8217;s most outspoken supporters, has apparently sold a significant amount of its stake in Bank of America, the New York Times reports. “Bank of America Shares Fall to Lowest Point in 2 Years,” The New York Times, Tuesday, August 9, 2011. Appaloosa Management is the big hedge fund run [...]]]></description>
		<link>http://bankruptcynyc.com/appaloosa-management-sold-off-a-good-part-of-its-holdings-in-bank-of-america/</link>
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		<title>Advising same-sex married couples in New York on tax matters</title>
		<description><![CDATA[Same-sex couples in New York should be well-advised when it comes to tax matters now that they are allowed to be married, according to an article by The New York Times. “Tax Advice for Gay Newlyweds,” The New York Times, Saturday, August 6, 2011. Before discussing the different tax issues affecting gay married couples, it [...]]]></description>
		<link>http://bankruptcynyc.com/advising-same-sex-married-couples-in-new-york-on-tax-matters/</link>
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		<title>More people are getting adjustable-rate mortgages</title>
		<description><![CDATA[More people are becoming interested in adjustable-rate mortgages, The New York Times reports. “In Mortgages, ARM Is Back,” The New York Times, Saturday June 25, 2011. An adjustable-rate mortgage (ARM) is a loan in which the interest rate is fixed for a fixed period of time and adjusts annually after that. And according to the [...]]]></description>
		<link>http://bankruptcynyc.com/more-people-are-getting-adjustable-rate-mortgages/</link>
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		<title>How student loans may be affected by changes in the federal budget.</title>
		<description><![CDATA[Both the President and Congress and working very hard to reach a deal and avoid a default or a debt downgrade. Many people are concerned, including students, who are counting on loans to hopefully make a better living. The decisions that the government could make regarding a new budget deal may have an impact on [...]]]></description>
		<link>http://bankruptcynyc.com/how-student-loans-may-be-affected-by-changes-in-the-federal-budget/</link>
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		<title>Bank of America&#8217;s stock has been downgraded to underperform from outperform</title>
		<description><![CDATA[  ﻿Mike Mayo, a well-regarded banking analyst, downgraded Bank&#8217;s of America&#8217;s stock to underperform from outperform, the New York Times reports. “Bank of America Shares Fall to Lowest Point in 2 Years,” The New York Times, Tuesday, August 9, 2011. Bank of America is facing a lot of setbacks recently. Shares in Bank of America [...]]]></description>
		<link>http://bankruptcynyc.com/bank-of-americas-stock-has-been-downgraded-to-underperform-from-outperform/</link>
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		<title>Fourteen people, including four lawyers, are charged in mortgage fraud</title>
		<description><![CDATA[  Fourteen people, including four lawyers, were indicted for allegedly mortgage fraud, the New York Law Journal reports, “Four Lawyers Charged in Mortgage Fraud,” New York Law Journal, Friday, August 5, 2011. All fourteen are being accused of conspiracy to commit bank and wire fraud. According to the accusations, they used straw buyers and false [...]]]></description>
		<link>http://bankruptcynyc.com/fourteen-people-including-four-lawyers-are-charged-in-mortgage-fraud/</link>
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		<title>The New York Times supports a strong an independent Consumer Financial Protection Bureau</title>
		<description><![CDATA[The New York Times published an editorial calling for a strong and independent Consumer Financial Protection Bureau. “Consumers vs. Banks,” The New York Times, Sunday, July 24, 2011. Congress created the new Consumer Financial Protection Bureau (C.F.P.B.) when it approved the Dodd-Frank law to overhaul financial regulations after the credit crisis. The editorial reminds readers [...]]]></description>
		<link>http://bankruptcynyc.com/the-new-york-times-supports-a-strong-an-independent-consumer-financial-protection-bureau/</link>
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		<title>Advising against illegal practices involving the collection of decedent’s debts</title>
		<description><![CDATA[If a debt collector is going to communicate with the debtor’s spouse, parent (in case of a minor), guardian, executor, administrator, or someone with the authority to pay the decedent’s debts, the Fair Debt Collection Practices Act (FDCPA), as well as related case law, prohibits the creditor from several practices, the New York Law Journal [...]]]></description>
		<link>http://bankruptcynyc.com/advising-against-illegal-practices-involving-the-collection-of-decedent%e2%80%99s-debts/</link>
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		<title>Bank of America Shares Fell 20.3 percent, the lowest point in more than two years</title>
		<description><![CDATA[Shares in Bank of America fell 20.3 percent on early August, the New York Times reports. “Bank of America Shares Fall to Lowest Point in 2 Years,” The New York Times, Tuesday, August 9, 2011. With this 20.3 percent drop, the shares are now priced at $6.51, the lowest point in more than two years. [...]]]></description>
		<link>http://bankruptcynyc.com/bank-of-america-shares-fell-20-3-percent-the-lowest-point-in-more-than-two-years/</link>
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		<title>How Countrywide Home Loans incurred in abusive practices against borrowers</title>
		<description><![CDATA[According to the Federal Trade Comission, Countrywide Home Loans overcharged borrowers for default-related services, gave borrowers incorrect information about how much they owed and on their mortgages, or added fees and escrow charges without notice, The New York Times reports. “Country to Distribute Settlement to Its Clients,” The New York Times, Thursday, July 21, 2011. [...]]]></description>
		<link>http://bankruptcynyc.com/how-countrywide-home-loans-incurred-in-abusive-practices-against-borrowers/</link>
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		<title>The decision not to nominate Elizabeth Warren as director of the Consumer Financial Protection Bureau</title>
		<description><![CDATA[Many people expected Elizabeth Warren, a Harvard law professor and the main person behind the creation of the new Consumer Financial Protection Bureau, to be nominated the new director of this agency. But that did not happen, as President Barack Obama nominated Richard Cordray, former Attorney General of Ohio, to lead this bureau. The fact [...]]]></description>
		<link>http://bankruptcynyc.com/the-decision-not-to-nominate-elizabeth-warren-as-director-of-the-consumer-financial-protection-bureau/</link>
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		<title>Your credit score can have an impact on your car insurance</title>
		<description><![CDATA[Your credit score may have an impact on how much you pay for car insurance, The New York Times reports. “Credit Scores and Car Insurance,” The New York Times, Saturday, June 25, 2011. According to Des Toups, senior managing editor of CarInsurance.com, several factors can influence the cost of insurance: your age, where you live, [...]]]></description>
		<link>http://bankruptcynyc.com/your-credit-score-can-have-an-impact-on-your-car-insurance/</link>
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		<title>Concerns about the foreclosure crisis in Spain</title>
		<description><![CDATA[In Spain, people are looking for ways to deal with a foreclosure crisis affecting this country, The New York Times reports. “Foreclosure Protesters in Spain&#8217;s Cities Now Go Door to Door,” The New York Times, Saturday, July 16, 2011. Many people consider Spain to have the harshest foreclosure laws in Europe. The borrower does not [...]]]></description>
		<link>http://bankruptcynyc.com/concerns-about-the-foreclosure-crisis-in-spain/</link>
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		<title>AIG is suing Bank of America for $10 billion over allegedly overvalued mortgages</title>
		<description><![CDATA[American International Group Inc. (AIG) filed a lawsuit against Bank of America Corp. for more than $10 billion dollars, claiming the bank sold residential mortgage-backed securities that were overvalued, the New York Law Journal reports. “AIG Sues Bank of America For $10 Billion Over Mortgages,” New York Law Journal, Tuesday, August 9, 2011. According to [...]]]></description>
		<link>http://bankruptcynyc.com/aig-is-suing-bank-of-america-for-10-billion-over-allegedly-overvalued-mortgages/</link>
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		<title>A class action has been filed against Cooley Law School for allegedly inflating job statistics</title>
		<description><![CDATA[Students and graduates filed a class action against Thomas M. Cooley Law School alleging fraudulent inflation of post-employment graduation and salary statistics to lure prospective students, the New York Law Journal reports. “Suits Accuse New York Law School, Thomas Cooley of Job Statistics Fraud,” New York Law Journal, Thursday, August 11, 2011. According to the [...]]]></description>
		<link>http://bankruptcynyc.com/a-class-action-has-been-filed-against-cooley-law-school-for-allegedly-inflating-job-statistics/</link>
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		<title>Warnings about co-signing a mortgage</title>
		<description><![CDATA[People should be very careful when they are being asked to co-sign a mortgage, advises a columnist from the New York Times. “Co-Signing on the Dotted Line,” The New York Times, Sunday, August 7, 2011. Many people fall into the trap of what it seems to be just another step to help out a struggling [...]]]></description>
		<link>http://bankruptcynyc.com/warnings-about-co-signing-a-mortgage/</link>
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		<title>A class action has been filed against New York Law School for allegedly inflating job statistics</title>
		<description><![CDATA[Students and graduates filed a class action against New York Law School alleging fraudulent inflation of post-employment graduation and salary statistics to lure prospective students, the New York Law Journal reports. “Suits Accuse New York Law School, Thomas Cooley of Job Statistics Fraud,” New York Law Journal, Thursday, August 11, 2011. According to the lawsuit, [...]]]></description>
		<link>http://bankruptcynyc.com/a-class-action-has-been-filed-against-new-york-law-school-for-allegedly-inflating-job-statistics/</link>
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		<title>Concerns about the success of efforts to protect consumers</title>
		<description><![CDATA[Efforts in Washington to protect consumers are finding resistance. The most recent sign of resistance is the opposition from Republicans in Congress to the nomination of Richard Cordray as director of the newly created Consumer Financial Protection Bureau, The New York Times reports, “Former Ohio Attorney General to Head New Consumer Agency,” The New York [...]]]></description>
		<link>http://bankruptcynyc.com/concerns-about-the-success-of-efforts-to-protect-consumers/</link>
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		<title>A possible default and government downgrade will not significantly affect home loans nor credit cards</title>
		<description><![CDATA[A possible government debt downgrade will not significantly affect home loans nor credit cards, The New York Times reports, “How a Debt Downgrade May affect Consumers,” The New York Times, Monday, July 26, 2011. Many are concerned that in Washington there will not be an agreement in time to avoid a possible default and debt [...]]]></description>
		<link>http://bankruptcynyc.com/a-possible-default-and-government-downgrade-will-not-significantly-affect-home-loans-nor-credit-cards/</link>
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		<title>The nomination of a new director for the Consumer Financial Protection Bureau</title>
		<description><![CDATA[President Barack Obama announced that he would nominate Richard Cordray, former Attorney General of Ohio, to lead the new Consumer Financial Protection Bureau, The New York Times reports. “Former Ohio Attorney General to Head New Consumer Agency,” The New York Times, Sunday July 17, 2011. As Attorney General, Mr. Cordray aggressively investigated mortgage foreclosure practices. [...]]]></description>
		<link>http://bankruptcynyc.com/the-nomination-of-a-new-director-for-the-consumer-financial-protection-bureau/</link>
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		<title>A new Web site to help people decide when to collect Social Security is available</title>
		<description><![CDATA[There is a new Web site that helps people decide when to collect Social Security, The New York Times reports. “When to Collect Social Security? A New Calculator,” The New York Times, Tuesday, July 26, 2011. For two years retired economics professor Russell Settle and his partner Jeffrey Miller worked on a new program to [...]]]></description>
		<link>http://bankruptcynyc.com/a-new-web-site-to-help-people-decide-when-to-collect-social-security-is-available/</link>
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		<title>Concerns about abusive practice from lenders in Chile and Brazil</title>
		<description><![CDATA[As consumer credit has increased in South American countries, so does the abuses from banks and credit card companies, The New York Times reports. “Rise of Consumer Credit in Chile and Brazil Leads to Big Debts and Lender Abuses,” The New York Times, Sunday, July 24, 2011. In countries such as Chile and Brazil, there [...]]]></description>
		<link>http://bankruptcynyc.com/concerns-about-abusive-practice-from-lenders-in-chile-and-brazil/</link>
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		<title>The pros and cons of reverse mortgages</title>
		<description><![CDATA[Despite the recent problems with reverse mortgages, they are still seen as an option, The New York Times reports, “Reverse Mortgages Are Here to Stay,” The New York Times, Saturday, June 25, 2011. In a reverse mortgage, the lender pays the homeowner instead of the other way around. Then the lender gets the money back [...]]]></description>
		<link>http://bankruptcynyc.com/the-pros-and-cons-of-reverse-mortgages/</link>
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		<title>Recent Statement of Policy clarifies communications involving collection of decedents’ debts</title>
		<description><![CDATA[In many cases, in a debtor-creditor relationship the financial institution may contact third parties such as the spouse, parent of a minor debtor, guardian, executor, administrator, or someone with the authority to pay the decedent’s debts. However, there is a fine line between what the creditor is or is not allowed to do when it [...]]]></description>
		<link>http://bankruptcynyc.com/recent-statement-of-policy-clarifies-communications-involving-collection-of-decedents%e2%80%99-debts/</link>
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		<title>Bronx bankruptcy lawyer explains the Consumer Financial Protection Bureau</title>
		<description><![CDATA[It is useful to understand in detail what is it what the recently created Consumer Financial Protection Bureau does and what it means for consumers. “Communications Involving Collection of Decedents’ Debts,” New York Law Journal, Thursday, August 11, 2011. On July 21, 2011 the Consumer Financial Protection Bureau opened after the signing of the Dodd-Frank [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-explains-the-consumer-financial-protection-bureau/</link>
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		<title>The involvement of lawyers in collection efforts from creditors</title>
		<description><![CDATA[Creditors usually get involved in many abusive practices to collect debt from consumers. Many collectors even get to the point of misleading debtors into believing that they may be facing legal action. That is why there are laws and cases that regulate the involvement of lawyers in collection efforts from creditors, the New York Law [...]]]></description>
		<link>http://bankruptcynyc.com/the-involvement-of-lawyers-in-collection-efforts-from-creditors/</link>
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		<title>Bronx foreclosure defense law firm informs that Wells Fargo has agreed to pay $85 million over mortgages</title>
		<description><![CDATA[Wells Fargo &#38; Company, under fire for allegedly falsyfying loan documents and approving subprime mortgages with higher interest rates, agreed to pay a fine of $85 million imposed by the Federal Reserve, The New York Times reports. “Wells Fargo Agrees to Pay 85 Million Over Loans,” Thursday, July 21, 2011. According to the Federal Reserve, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-defense-law-firm-informs-that-wells-fargo-has-agreed-to-pay-85-million-over-mortgages/</link>
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		<title>Bronx bankruptcy lawyer comments on new discrimination affecting the unemployed</title>
		<description><![CDATA[The umemployed face bigger troubles in finding a job. The New York Times reported on July 26th, 2011 that employers looking to hire are less likely to hire those who are currently unemployed. After reviewing many of the job placement websites it was found that many hiring employers are advertising that they “strongly prefer” or [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-comments-on-new-discrimination-affecting-the-unemployed/</link>
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		<title>Bronx bankruptcy attorney discusses recession&#8217;s impact on the Hispanic community</title>
		<description><![CDATA[New study shows that the Hispanic population has been hit the hardest by the recession. A study conducted by the Pew Foundation and using data collected by the Census Bureau reported, that the average Hispanic households&#8217; wealth has decreased the most during the recession then any other racial group. According to a July 26th, 2011 [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-discusses-recessions-impact-on-the-hispanic-community/</link>
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		<title>Bronx bankruptcy law firm concerned about how investors and consumers will react to a possible government debt downgrade</title>
		<description><![CDATA[Financial advisers are concerned that the talk in Washington of a federal budget crisis and possible default will make people overreact to these current problems. But at the same time, they warn investors and consumers to act very carefully. The New York Times reports. “How a Debt Downgrade May affect Consumers,” The New York Times, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-concerned-about-how-investors-and-consumers-will-react-to-a-possible-government-debt-downgrade/</link>
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		<title>Bronx bankruptcy law firm advises people with stocks and bonds worried about a possible government debt downgrade</title>
		<description><![CDATA[People who have stocks and bond investments, especially retirees and pre-retirees, are getting anxious about talks in Washington of a federal budget crisis and possible default. Financial advisors are recommending a cautious approach to deal with stocks and bond investments, The New York Times reports. “How a Debt Downgrade May affect Consumers,” The New York [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-advises-people-with-stocks-and-bonds-worried-about-a-possible-government-debt-downgrade/</link>
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		<title>Bronx bankruptcy law firm informs that a possible default and government downgrade will not significantly affect money market funds</title>
		<description><![CDATA[A possible government debt downgrade will not significantly affect the money market funds, The New York Times reports, “How a Debt Downgrade May affect Consumers,” The New York Times, Monday, July 26, 2011. Many are concerned that in Washington there will not be an agreement in time to avoid a possible default and debt downgrade. [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-informs-that-a-possible-default-and-government-downgrade-will-not-significantly-affect-money-market-funds/</link>
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		<title>Bronx bankruptcy lawyer discusses settlement between credit card companies and government</title>
		<description><![CDATA[Two major credit card companies have reached a settlement with the federal government in regards to a case filed against the companies back in October. The New York Law Journal reported in a July 21st, 2011, article that an Eastern District Judge had approved the settlement agreement reached between the federal government and Visa and [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-discusses-settlement-between-credit-card-companies-and-government/</link>
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		<title>Bronx bankruptcy attorneys blog on Rhode Island city cutting pension plans</title>
		<description><![CDATA[These troubling times have led to some cities doing what many thought to be the unthinkable, asking retirees to give up some of their pension benefits. According to a July 19th, 2011 New York Times article, the Rhode Island city Central Falls is facing the strong possibility of having to declare bankruptcy, unless it finds [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorneys-blog-on-rhode-island-city-cutting-pension-plans/</link>
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		<title>Bronx bankruptcy lawyer comments on MERS legal problems</title>
		<description><![CDATA[Mortgage Electronic Registry System faces more legal issues dealing with the company&#8217;s loan and foreclosure processes. According to a July 23rd, 2011 New York Times article, banking executives and state attorney generals have begun negotiating a settlement agreement to end the legal battles surrounding the company. As of now, it is unclear how much protection [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-comments-on-mers-legal-problems/</link>
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		<title>Bronx foreclosure defense law firm shares news about a bank fraud case: former chairman of mortgage firm sentenced to 30 years</title>
		<description><![CDATA[Lee B. Farkas, former chairman of mortgage firm Taylor, Bean &#38; Whitaker, is being sentenced to 30 years in prison for bank fraud, The New York Times reports. “Former Chairman of Mortgage Firm Sentenced to 30 years in Bank Fraud,” The New York Times, Friday, July 1, 2011. Mr. Farkas was accused in federal court [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-defense-law-firm-shares-news-about-a-bank-fraud-case-former-chairman-of-mortgage-firm-sentenced-to-30-years/</link>
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		<title>Bronx bankruptcy lawyers are concerned about the job market for law school graduates</title>
		<description><![CDATA[We all know that the job market is less than sunny for law school graduates. However, it is not clear what exactly is the job market for these students and future professionals, The New York Times reports. “Law School Economics: Ka-Ching!,” The New York Times, Sunday, July 17, 2011. Universities such as New York University, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyers-are-concerned-about-the-job-market-for-law-school-graduates/</link>
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		<title>Bronx bankruptcy law firm shares news about a hacker attack in response to the arrest of members of an antipoverty group</title>
		<description><![CDATA[A hacker group has been attacking websites for the City of Orlando in retaliation for the arrest of members of an antipoverty group, The New York Times reports. “Citing Homeless Law, Hackers Turn Sights on Orlando,” The New York Times, Friday, July 1, 2011. The hacker group is Anonymous. In the past they claimed responsibility [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-shares-news-about-a-hacker-attack-in-response-to-the-arrest-of-members-of-an-antipoverty-group/</link>
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		<title>Bronx bankruptcy law firm concerned that more law school graduates have a lot of student debt</title>
		<description><![CDATA[Despite so many tough challenges in the economy, law schools have remained impressively profitable, The New York Times, reports. “Law School Economics: Ka-Ching!,” The New York Times, Sunday, July 17, 2011. The situation with law schools is mind boggling. The current economy is making fewer jobs available to law graduates. However, law school enrollment is [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-concerned-that-more-law-school-graduates-have-a-lot-of-student-debt/</link>
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		<title>Bronx bankruptcy law firm shares news about foreclosure case: the president and CEO of HSBC did not appear at sanction hearing</title>
		<description><![CDATA[The president and CEO of HSBC Bank USA did not attend the sanction hearing regarding a foreclosure case, the New York Law Journal reports. “Judge Weighs Sanction Over Faulty Bank Documents,” New York Law Journal, Monday, July 18, 2011, reporting on HSBC v. Taher, 9320-2009. Brooklyn Supreme Court Justice Arthur M. Schack judge had ordered [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-shares-news-about-foreclosure-case-the-president-and-ceo-of-hsbc-did-not-appear-at-sanction-hearing/</link>
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		<title>Bronx bankruptcy law firm shares news that billions in fines are not being collected</title>
		<description><![CDATA[Many corporations and business people owe more than $65 billion in fines, and only a very small percentage is being paid, The New York Times reports. “Debt Collections Elude Uncle Sam,” The New York Times, Monday, July 4, 2011. For instance, in 2009 a court ruled that National Century Financial Enterprises, a health care finance [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-shares-news-that-billions-in-fines-are-not-being-collected/</link>
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		<title>Bronx financial attorney comments on Thomas J. Curry to lead the Office of Comptroller of the Currency</title>
		<description><![CDATA[The New York Times reported in a July 2nd, 2011 article that President Barack Obama nominated Thomas J. Curry to lead the Office of Comptroller of the Currency. The job entails overseeing hundreds of national banks, both small and large. It is expected that the Republican Party will grill Mr. Curry on his commitment to [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-attorney-comments-on-thomas-j-curry-to-lead-the-office-of-comptroller-of-the-currency/</link>
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		<title>Bronx bankruptcy lawyer comments on new rule placed on creditors who deny consumer loans</title>
		<description><![CDATA[As of July 21st, 2011, consumers will be entitled to have a better understanding to how the creditors view them, as reported in a July 9th, 2011 New York Times article. Consumers who are denied or do not receive the best interest rate on a loan by a creditor are now allowed to view the [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-comments-on-new-rule-placed-on-creditors-who-deny-consumer-loans/</link>
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		<title>Bronx financial and property attorney comments on mortgage payment grace period</title>
		<description><![CDATA[Unemployment numbers are still up and housing prices are still down, which has led to Obama’s administration having to go back to the drawing boards. The New York Times report in a July 8th, 2011 article, that Obama’s administration has implemented that all loans that are presently insured by the federal government will allow unemployed [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-and-property-attorney-comments-on-mortgage-payment-grace-period/</link>
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		<title>BRONX FORECLOSURE ATTORNEY COMMENTS ON DECREASE OF PROPERTY FORECLOSURES</title>
		<description><![CDATA[The new foreclosure policies placed on the 14 major banks have led to a significant decrease in the number of properties foreclosed on, reported The Wall Street Journal on May 28th, 2011. These new polices were placed into effect to prevent the banks from continuing the use of “robo-signing.” A method that sped up the [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-attorney-comments-on-decrease-of-property-foreclosures/</link>
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		<title>Bronx bankruptcy attorney comments on M&amp;T Bank’s new credit score feature</title>
		<description><![CDATA[Customers for M&#38;T Bank will be able to view their credit score the way a lender does, according to a New York Times article published on June 18th, 2011. For a $2.99 monthly fee the bank’s customer will be able to view their account and his or her credit score online. The credit score will [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-mt-bank%e2%80%99s-new-credit-score-feature-2/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON GOLDMAN SACHS POTENTIONAL LOAN VIOLATIONS</title>
		<description><![CDATA[An anonymous letter sent from a current employee sparked an investigation against Goldman Sachs, reported The New York Times in a May 26th, 2011, article. The Federal Reserve Bank of New York is currently conducting an investigation to see if Goldman Sachs company was systematically rejecting borrowers in an attempt to lower their loan payments [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-goldman-sachs-potentional-loan-violations/</link>
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		<title>BRONX FORECLOSURE ATTORNEY COMMENTS ON HOW LOW THE HOUSING MARKET PRICE CAN GO</title>
		<description><![CDATA[The housing market has many people wondering, “how low can it go?” The New York Times reported in a June 1st, 2011, article that experts are split on whether or not the housing market has actually reached its rock bottom. Many experts agree that the housing market will at some point start to get better [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-attorney-comments-on-how-low-the-housing-market-price-can-go/</link>
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		<title>BRONX FORECLOSURE ATTORNEYS COMMENT ON HOME OWNERSHIP DECREASE</title>
		<description><![CDATA[The New York Times reported in a May 30th, 2011, article that the number of homeowners in America is dropping. Even with the economy slowly beginning to turn around since last year. The American public is not looking to buy their own home. Many Americans are simple are unable to because of unemployment, previous foreclosures, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-attorneys-comment-on-home-ownership-decrease/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY BLOGS ABOUT THE NEW COURT STANDARD ON FORECLOSURES</title>
		<description><![CDATA[The New York Times reported on Sunday, November 28th, 2010, that government is starting to increase scrutiny on banks during foreclosure proceedings. When a bank attempts to start the foreclosure process against their borrower the courts are now requiring they show proof that the bank is in control of the loan and that it has [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-blogs-about-the-new-court-standard-on-foreclosures/</link>
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		<title>Bronx bankruptcy attorney discusses new guidelines for banks’ legal problems</title>
		<description><![CDATA[Looks like banks are getting barely a slap on the wrist with new guidelines set by the Justice Department, as reported in a New York Times article on July 8th, 2011. Under the Justice Department’s new rules, a bank can now avoid being labeled as guilty or not guilty, rather the bank can swear they [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-discusses-new-guidelines-for-banks%e2%80%99-legal-problems/</link>
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		<title>Bronx bankruptcy lawyer blogs on using biweekly mortgage payoff program</title>
		<description><![CDATA[Everyone knows that the sooner you pay off your mortgage the less interest you will have to pay, in turn you save money. Many mortgage companies, especially banks, have now started to encourage their customers more to use their biweekly payoff program. But is it really worth it to enroll in such a program? A [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-blogs-on-using-biweekly-mortgage-payoff-program/</link>
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		<title>BRONX ATTORNEY BLOG: PONZI SCHEME LEADS TO DIVORCE CASE REOPENING</title>
		<description><![CDATA[The New York Law Journal reported on Friday, April 22nd, 2011, that the attorneys dealing with a divorce case between Steven Simkin and Laura Blank would be heading back to court in September or October to renegotiate the divorce settlement. The original divorce settlement included Mr. Simkin paying Ms. Blank half of a $5.4 million [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-blog-ponzi-scheme-leads-to-divorce-case-reopening/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON BOOK ABOUT MADOFF’S PONZI-SCHEME</title>
		<description><![CDATA[Since 2008 the headlines have been filled with articles discussing, analyzing, and questioning the Ponzi scheme committed by Bernard Madoff. Even with all of the news coverage, no one has been able to truly answer how an ordinary man was able to commit such an elaborate crime for such a long period of time. Diana [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-book-about-madoff%e2%80%99s-ponzi-scheme/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON MORTGAGE FRAUD CASE</title>
		<description><![CDATA[The Court found in favor of a couple who had claimed to have been victims of a mortgage scam, The New York Law Journal published on May 23rd, 2011. The couple had decided to refinance their home’s mortgage in 2007 to avoid a foreclosure. They contacted and agreed to refinance through the Triumph Mortgage Corp, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-mortgage-fraud-case/</link>
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		<title>Bronx attorney give subpoenas 101:</title>
		<description><![CDATA[Many people have heard the legal term “subpoena” but do not fully understand what it is and how it works. To simply put it, the court system uses subpoenas to help obtain information needed to complete a trial case. There are two types of subpoenas; subpoenas ad testificandum and subpoenas duces tecum. A subpoena ad [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-give-subpoenas-101/</link>
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		<title>BRONX ATTORNEY BLOGS ABOUT THE BANKS ANSWERING FOR THEIR ACTIONS</title>
		<description><![CDATA[Will the banks finally have to answer? That was the question asked in the New York Times article published May 18th, 2011. And the question many unhappy Americans are still waiting on an answer for. With the recent robo-signing scandal, exposed last year, many people are wondering why these banks did not get a harsher [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-blogs-about-the-banks-answering-for-their-actions/</link>
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		<title>SALVATION ARMY SUES BANK OF NEW YORK MELLON FOR MISMANAGING ITS ASSETS</title>
		<description><![CDATA[The Salvation Army sued the Bank of New York Mellon for $22 million accusing that this institution has mismanaged the charity’s assets, the New York Times reports. “Salvation Army Accuses Bank of Mismanaging its Assets,” The New York Times, Saturday, April 2, 2011. According to the lawsuit filed by the southern division of the Salvation [...]]]></description>
		<link>http://bankruptcynyc.com/salvation-army-sues-bank-of-new-york-mellon-for-mismanaging-its-assets/</link>
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		<title>Bronx bankruptcy attorney comments on same-sex couple filing a bankruptcy</title>
		<description><![CDATA[“In this court’s judgment, no legally married couple should be entitled to fewer bankruptcy rights than any other legally married couple,” declared Judge Thomas B. Donovan in his written opinion on June 13th, 2011. Judge Donovan was presiding over the bankruptcy case of Gene Douglas Balas and Carlos A. Morales, a legally married same-sex couple. [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-same-sex-couple-filing-a-bankruptcy/</link>
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		<title>NEW YORK LAW FIRM NOTES NEW RULE THAT PROTECTS FEDERAL BENEFITS OF DEBTORS FROM TEMPORARY GARNISHMENT</title>
		<description><![CDATA[Good news for troubled debtors with federal benefits. Under a new rule effective May 1, 2011, financial institutions must follow certain procedures if they wish a court to order the garnishment of bank accounts of debtors with deposited federal benefits, the New York Law Journal reports. “New Rule on Garnishment, Venue Provisions, Statute of Limitations,” [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-law-firm-notes-new-rule-that-protects-federal-benefits-of-debtors-from-temporary-garnishment/</link>
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		<title>Bronx bankruptcy attorney discusses students being empowered over debt</title>
		<description><![CDATA[$23,000 in debt would concern the average person. However, it appears college students are not average. The New York Times reported in a June 18th, 2011, article that the average college student is graduating college with more than $23,000 in student loans and over $4,000 of credit card debt. That fact is not the surprising, [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-discusses-students-being-empowered-over-debt/</link>
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		<title>Bronx financial attorney comments on foreclosure prevention programs and the issues they face</title>
		<description><![CDATA[Unemployment is currently the biggest contributor to property foreclosures, reported The New York Times in a June 10th, 2011, article. Since President Obama took office he has been trying to stabilize the number of foreclosures. In 2009, Obama started the Home Affordable Modification Program as a primary foreclosure prevention tool. The program was designed to [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-attorney-comments-on-foreclosure-prevention-programs-and-the-issues-they-face/</link>
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		<title>Bronx bankruptcy attorney comments on M&amp;T Bank’s new credit score feature</title>
		<description><![CDATA[Customers for M&#38;T Bank will be able to view their credit score the way a lender does, according to a New York Times article published on June 18th, 2011. For a $2.99 monthly fee the bank’s customer will be able to view their account and his or her credit score online. The credit score will [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-mt-bank%e2%80%99s-new-credit-score-feature/</link>
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		<title>Bronx financial attorney discusses Elizabeth Warren’s Congressional hearing</title>
		<description><![CDATA[Elizabeth Warren, the special advisor on the Consumer Financial Protection Bureau, faced heavy accusations at her May 24th, 2011, Congressional hearing regarding her possible misleading testimony that she gave at a hearing in March, as reported in a New York Times article published May 25th, 2011. Ms. Warren defended herself at the hearing against the [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-attorney-discusses-elizabeth-warren%e2%80%99s-congressional-hearing/</link>
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		<title>Bronx Financial Lawyer blogs about Goldman Sachs getting subpoenaed by Manhattan District Attorney</title>
		<description><![CDATA[Goldman Sachs’ luck doesn’t appear to be changing any time soon. As reported by The New York Times on June 3rd, 2011, the Manhattan District Attorney has issued a subpoena against the Wall Street investment bank. Currently, the Manhattan district attorney is conducting an investigation on the role Goldman Sachs potentially played in the financial [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-lawyer-blogs-about-goldman-sachs-getting-subpoenaed-by-manhattan-district-attorney/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON FAIR HOUSING ACT VIOLATIONS</title>
		<description><![CDATA[A mortgage company recently settled a claim for violating the Fair Housing Act. The company was accused of discriminating against women who were on maternity leave, reported The New York Times on June 1st, 2011. The company settled the case with one accuser outside of court for $15,000. In light of this claim the company [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-fair-housing-act-violations/</link>
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		<title>BRONX PROPERTY ATTORNEY COMMENTS ON FORECLOSED PROPERTY CASH DEALS</title>
		<description><![CDATA[Foreclosed homes have become a cash deal market, reported The New York Times on May 12th, 2011. Borrowers, who are in over their heads and owe more on the property than its actually worth, generally neglect the home’s maintenance and upkeep. This lack of care results into a lot of repair work needed on the [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-property-attorney-comments-on-foreclosed-property-cash-deals/</link>
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		<title>BRONX FORECLOSURE ATTORNEY COMMENTS ON NEW YORK ADVERSE POSSESSION CASE</title>
		<description><![CDATA[The court ruled against a man’s claim for quieting the title of a property he was in control of, reported The New York Law Journal in a May 26th, 2011 article. The man, Jeffers, attempted to quiet the title of a property he was using for the location of his moving and storage company in [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-attorney-comments-on-new-york-adverse-possession-case/</link>
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		<title>Bronx bankruptcy attorney discusses debt collectors violations</title>
		<description><![CDATA[It appears that debt collectors are starting to pay off the money owed by the debtor. Or at least their legal settlements are. As reported in the New York Law Journal on June 15th, 2011, many borrowers are starting to sue harassing creditors for not following the Fair Debt Collection Practices Act. A New York [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-discusses-debt-collectors-violations/</link>
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		<title>Bronx foreclosure attorney comments on housing price drop</title>
		<description><![CDATA[The national index for home prices appears to be showing that the housing market is getting worse. But many critics do not believe the indexes are completely accurate, as reported in The New York Times on May 27th, 2011. At the end of May the Federal Housing Finance Agency reported that the national index of [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-foreclosure-attorney-comments-on-housing-price-drop/</link>
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		<title>Bronx lawyer warns consumers to be careful with unauthorized phone charges</title>
		<description><![CDATA[Cramming, or adding unauthorized charges on consumers’ phone bill, is an illegal practice that have existed for years, and yet it is more common than what people know, as explained in an article by the AARP. “Well, I’ll Be Crammed,” AARP, May/June 2010. After the mandated breakup of Ma Bell in 1984, third-party billing was [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-lawyer-warns-consumers-to-be-careful-with-unauthorized-phone-charges/</link>
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		<title>NEW YORK BANKRUPTCY LAW FIRM HAPPY THAT THE FEDERAL GOVERNMENT SUES DEUTSCHE BANK FOR MORTGAGE FRAUD</title>
		<description><![CDATA[The U.S. government is suing Deutsche Bank for allegedly committing fraud for illegally benefiting from a program that insured mortgages, the New York Law Journal reports, “U.S. Charges Mortgage Fraud by Bank,” New York Law Journal, Wednesday, May 4, 2011. Southern District U.S. Attorney Preet Bharara filed this civil complaint against Deutsche Bank and MortgageIT [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-bankruptcy-law-firm-happy-that-the-federal-government-sues-deutsche-bank-for-mortgage-fraud/</link>
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		<title>Bronx attorney blog: The higher the mortgage the less governmental support</title>
		<description><![CDATA[“For the last three years, federal agencies have backed new mortgages as large as $729,750 in desirable neighborhoods in high-cost states like California, New York, New Jersey, Connecticut and Massachusetts.” Stated an article from The New York Times on May 10th, 2011. But the federal government is starting to close up shop for those looking [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-blog-the-higher-the-mortgage-the-less-governmental-support/</link>
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		<title>Bronx attorney gives the 7 property sins of your neighbors.</title>
		<description><![CDATA[Having bad neighbors can make anyone want to move, but it can also prevent you from being able too. The condition of properties neighboring yours can have a substantial affect in increasing or decreasing your property’s value, as discussed in a May 7th, 2011, Yahoo online article. Here are the top seven neighbors that can [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-gives-the-7-property-sins-of-your-neighbors/</link>
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		<title>NEW YORK LAW FIRM REPORTS TIPS ON HOW TO GO PAPERLESS</title>
		<description><![CDATA[One way to take better care of your finances is to keep all your documents electronically filed. Going paperless have several advantages, but it is a decision that should be done carefully, as explained in an article by Money magazine. “Going Paperless the Right Way,” Money, May 2011. Saving your financial documents electronically is better [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-law-firm-reports-tips-on-how-to-go-paperless/</link>
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		<title>Bronx attorney blog: More foreclosures have led to more help centers</title>
		<description><![CDATA[Property foreclosures are increasing and so is the level of concern and confusion. Which is why large mortgage companies like Bank of America have had to resort to opening more help centers The New York Times reported on May 5th, 2011. The Bank of America started the process of increasing the help available to their [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-blog-more-foreclosures-have-led-to-more-help-centers/</link>
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		<title>Bronx bankruptcy attorney shares news about a plan to protect homeowners from foreclousre</title>
		<description><![CDATA[The New York Times reports that state Attorneys General are proposing a very helpful plan that would protect struggling homeowners in a trial modification. “A Plan to Make it Harder for Banks to Foreclose on Homeowners,” The New York Times, Saturday, March 5, 2011. According to the plan, if the borrower has made three payments [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-shares-news-about-a-plan-to-protect-homeowners-from-foreclousre/</link>
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		<title>New York City bankruptcy lawyer reports: What is MERS and how it can hurt you as a homeowner</title>
		<description><![CDATA[&#160; MERS stands for Mortgage Electronic Registration Systems and is a system owned by major banks and Fannie Mae and Freddie Mac that serves as an agent for institutions that own mortgages. A bank may list MERS as the mortgage holder in order to avoid filing new paperwork or paying fees each time a mortgage [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-city-bankruptcy-lawyer-reports-what-is-mers-and-how-it-can-hurt-you-as-a-homeowner/</link>
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		<title>Bronx attorney blogging about Wells Fargo answers to criticism</title>
		<description><![CDATA[After the banks received bailout money many of them received harsh criticism for what some called “being stingy.” Wells Fargo was one of the banks that received a lot of negative comments for not providing loans. But Wells Fargo attempted to set the record straight in a New York Times article published May 25th, 2011. [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-blogging-about-wells-fargo-answers-to-criticism/</link>
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		<title>Bronx bankruptcy attorney shares news about a plan to protect homeowner from forclosure</title>
		<description><![CDATA[The New York Times reports that state Attorneys General are proposing a very helpful plan that would protect struggling homeowners in a trial modification. “A Plan to Make it Harder for Banks to Foreclose on Homeowners”, The New York Times, Saturday, March 5, 2011. According to the plan, if the borrower has made three payments [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-shares-news-about-a-plan-to-protect-homeowner-from-forclosure/</link>
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		<title>New York City bankruptcy lawyer reposts what is MERS and how it can hurt you as a homeowner</title>
		<description><![CDATA[MERS stands for Mortgage Electronic Registration Systems and is a system owned by major banks and Fannie Mae and Freddie Mac that serves as an agent for institutions that own mortgages. A bank may list MERS as the mortgage holder in order to avoid filing new paperwork or paying fees each time a mortgage is [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-city-bankruptcy-lawyer-reposts-what-is-mers-and-how-it-can-hurt-you-as-a-homeowner/</link>
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		<title>Bronx bankruptcy law firm blogs on a deal to improve things for struggling homeowners coming soon</title>
		<description><![CDATA[The New York Times reports that Attorneys General of the 50 states, federal regulators, and the banks may be near an agreement to overhaul the way foreclosures as well as loan modifications are handled for millions of Americans. “Foreclose Deal Near, State Officials Say”, The New York Times, Tuesday, March 8, 2011. So far it [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-blogs-on-a-deal-to-improve-things-for-struggling-homeowners-coming-soon/</link>
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		<title>BRONX BANKRUPTCY LAW FIRM NOTES THAT DEBT COLLECTORS MAY BE ACTING ILLEGALLY BY SUING DEBTORS IN THE WRONG COURT</title>
		<description><![CDATA[Debt collectors have been breaking the law by picking courts they are not supposed to use for their lawsuits against their debtors, the New York Law Journal reports. “New Rule on Garnishment, Venue Provisions, Statute of Limitations,” the New York Law Journal, Thursday, April 14, 2011. Under the Fair Debt Collection Practices Act (FDCPA), any [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-law-firm-notes-that-debt-collectors-may-be-acting-illegally-by-suing-debtors-in-the-wrong-court/</link>
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		<title>Bronx bankruptcy lawyer discusses American Express new prepaid card service</title>
		<description><![CDATA[American Express has joined the prepaid cards’ market and already redefined the rules. As reported in a New York Times article published June 18th, 2011, American Express has launched their prepaid card service that is free to use and has no hidden fees. “The prepaid market is synonymous with fees,” declared Dan Schulman, president of [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-lawyer-discusses-american-express-new-prepaid-card-service/</link>
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		<title>Bronx bankruptcy attorney comments home buying classes to help avoid foreclosures</title>
		<description><![CDATA[It is a part of the American dream to own your own home but if that home is not in your budget it can quickly turn into a nightmare. That’s why more first time homebuyers have started using the resources offered by agencies like GreenPath Debt Solutions, before making the commitment to buy, reported The [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-home-buying-classes-to-help-avoid-foreclosures/</link>
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		<title>Bronx bankruptcy attorney comments on paying back student loans</title>
		<description><![CDATA[After graduating college a person is on cloud nine. They can now proudly say “I am a college graduate.” They can also start paying back the thousands of dollars they owe on student loans. In 2009, the average debit amount for a student who had completed a four-year degree was $24,000. Regardless of the amount [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-paying-back-student-loans/</link>
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		<title>Bronx bankruptcy attorney comments on the harassment debt collectors face</title>
		<description><![CDATA[Angry messages, insulting words, racial slurs, and physical threats these are just some of the things debt collectors have dealt with from the people they have to call on a daily basis. Generally, debt collectors have a bad reputation and stigma. People assume that debt collectors are the scum of the Earth, with some evidence [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-the-harassment-debt-collectors-face/</link>
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		<title>New York bankruptcy law firm views about the consumer financial protection bureau</title>
		<description><![CDATA[What is the Consumer Financial Protection Bureau? The Consumer Financial Protection Bureau is an entity that has the authority to protect consumers by issuing and enforcing rules related to their purchasing decisions. This bureau, a new division of the Federal Reserve System, was recently created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-bankruptcy-law-firm-views-about-the-consumer-financial-protection-bureau/</link>
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		<title>New York lawyer shares news about credit card debt: Credit card use is up</title>
		<description><![CDATA[After many negative news about the economy, there is a sign that not all hope is lost.  Recent figures show that people are using their credit cards more, the New York Times reports.  “Recovery Seen In Rising Use of Credit Cards,” The New York Times, Saturday, May 14, 2011. Visa, Master Card and American Express [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-lawyer-shares-news-about-credit-card-debt-credit-card-use-is-up/</link>
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		<title>Bronx bankruptcy attorney comments on six helpful tips for filing a credit report dispute</title>
		<description><![CDATA[A person’s credit score can help or prevent one from getting a loan, buying a car, buying a house, as well as many other things. That is why it is extremely important for a person to make sure that their credit report is accurate. However, many credit bureaus do not spend a large amount of [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-six-helpful-tips-for-filing-a-credit-report-dispute/</link>
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		<title>New York bankruptcy lawyer happy that same-sex couples will be allowed to file joint petitions for bankruptcy</title>
		<description><![CDATA[In one bankruptcy case, the U.S Trustee motion asked the judge to dismiss a joint petition by a same-sex couple because their filing was against the Federal Defense of Marriage Act (DOMA). However, the bankruptcy judge denied this motion. “Trustee’s Motion to Dismiss Petition by Same-Sex Couple Rejected,” New York Law Journal, Friday, May 13, [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-bankruptcy-lawyer-happy-that-same-sex-couples-will-be-allowed-to-file-joint-petitions-for-bankruptcy/</link>
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		<title>Bronx bankruptcy firm wishes to advice clients that a foreclosure lawyer under investigation shuts down his office</title>
		<description><![CDATA[David J. Stern, a Florida lawyer who made millions of dollars handling thousands of foreclosures and who has been under investigation by the Florida Attorney General, will be closing his foreclosure practice at the end of the month. The announcement closing the foreclosure practice comes from a filing with the Securities and Exchange Commission and [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-firm-wishes-to-advice-clients-that-a-foreclosure-lawyer-under-investigation-shuts-down-his-office/</link>
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		<title>Bronx bankruptcy attorney on higher health insurance cost</title>
		<description><![CDATA[With the price of food and gas steadily rising Americans have been spending less money on their health even if they are insured, reported The New York Times in a May 13th, 2011, article. Although Americans are spending less time and money at their doctor’s office, the health insurance companies are still making yearly large [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-on-higher-health-insurance-cost/</link>
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		<title>New York lawyer shares news on mortgage related lawsuits: JP Morgan overcharging homeowners in the military, settlement is approved</title>
		<description><![CDATA[A settlement has been approved in a federal case against JP Morgan Chase &#38; Company, sued for overcharging homeowners in the military, The New York Times reports, “JPMorgan in Talks to Settle S.E.C. Inquiry Into Securities,” The New York Times, Saturday, May 7, 2011. Since 1942, people in the military are protected under the Servicemembers [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-lawyer-shares-news-on-mortgage-related-lawsuits-jp-morgan-overcharging-homeowners-in-the-military-settlement-is-approved/</link>
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		<title>A Bronx family lawyer explains how to obtain a real estate property deed or mortgage.</title>
		<description><![CDATA[Before purchasing a piece of property a person should always check the property’s deed and mortgage history. This information can be easily found online at http://www.nyc.gov/html/dof/html/jump/acris.shtml. Here is a step-by-step guide in finding this information. Step-by-Step: 1) Click on the website listed above. It should take you a website called ACRIS 2) Next, click on [...]]]></description>
		<link>http://bankruptcynyc.com/a-bronx-family-lawyer-explains-how-to-obtain-a-real-estate-property-deed-or-mortgage/</link>
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		<title>Federal government sues Deutsche Bank for mortgage fraud</title>
		<description><![CDATA[The U.S. government is suing Deutsche Bank for allegedly committing fraud for illegally benefiting from a program that insured mortgages, the New York Law Journal reports, “U.S. Charges Mortgage Fraud by Bank,” New York Law Journal, Wednesday, May 4, 2011. Southern District U.S. Attorney Preet Bharara filed this civil complaint against Deutsche Bank and MortgageIT [...]]]></description>
		<link>http://bankruptcynyc.com/federal-government-sues-deutsche-bank-for-mortgage-fraud/</link>
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		<title>New York law firm advises clients on how to complain as consumers</title>
		<description><![CDATA[It happens all the time.  Somebody buys a product, only to find out later that the product is defective.  Although it is almost never an easy battle, it is useful to be aware of the options you may have as a consumer who wishes to complain, as explained in an article featured in The New [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-law-firm-advises-clients-on-how-to-complain-as-consumers/</link>
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		<title>Bronx attorney comments on the foreclosure legal budget cuts</title>
		<description><![CDATA[Queens has been hit hard with property foreclosures. Luckily there are free legal services that provide legal assist to those fighting a foreclosure but cannot afford legal services. But these free legal services could be coming to an end soon do to the state’s budgets cuts reported the New York Times on May 13th, 2011. [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-comments-on-the-foreclosure-legal-budget-cuts/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON CREDIT BUREAU MISTAKES</title>
		<description><![CDATA[A person is innocent until proven guilty, unless the claim has to do with your credit report. The credit industry has a lot of power and control over people, as discussed in a New York Times editorial on May 25th, 2011. A bad credit score can affect a person’s ability to get a loan, credit [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-credit-bureau-mistakes/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY BLOGGING ABOUT CREDITORS’ V.I.P. LIST</title>
		<description><![CDATA[Celebrities, politicians, and other influential people get special treatment for just about everything, including their credit reports, reported the New York Times on May 15th, 2011. Many of these high profile people do not even realize that they are on the V.I.P. list for most credit rating bureaus. While other people have to go through [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-blogging-about-creditors%e2%80%99-v-i-p-list/</link>
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		<title>Bronx Property Lawyer blogs about Goldman Sachs’ selling off their mortgage unit</title>
		<description><![CDATA[Looks like Goldman Sachs’ is cashing in on their short-lived mortgage unit, as reported in a New York Times article on June 6th, 2011. Ocwen Financial Corporation and Goldman Sachs’ have been in negotiations over Litton Loan Servicing, Goldman’s mortgaging service unit. Goldman Sachs’ has owned the Litton unit since 2007 and attempted to get [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-property-lawyer-blogs-about-goldman-sachs%e2%80%99-selling-off-their-mortgage-unit/</link>
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		<title>Bronx financial attorney comments on Citigroup’s lack of security</title>
		<description><![CDATA[Citigroup has joined the recently growing list of large companies that have fallen victim to hackers. But the public has been chastising Citigroup instead of giving sympathy, as reported in a June 10th, 2011 New York Times article “Citi Data Theft Points Up a Nagging Problem.” Citigroup’s failure to inform their clients until a month [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-financial-attorney-comments-on-citigroup%e2%80%99s-lack-of-security/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON RECENT CREDIT CARD SPENDING</title>
		<description><![CDATA[Spending in America is going up and so is the number of credit card swipes, explained a New York Times article on May 13th, 2011. Americans are starting to slowly spend more using their credit. Recently the use of credit went up 2.9 percent in March, which most economists like Gregory Daco, the senior economist [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-recent-credit-card-spending-2/</link>
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		<title>BRONX ATTORNEY ON NEW YORK COURT CUTS</title>
		<description><![CDATA[Budget cuts in the courts has resulted in an overall slower court system. The New York Times reported on May 16th, 2011, that $170 million have been cut from the court’s funding. New York is not the only state to feel these cuts in their judicial system. States like Georgia, Maine, Nevada, Oklahoma, and Oregon [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-attorney-on-new-york-court-cuts/</link>
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		<title>BRONX BANKRUPTCY ATTORNEYS GIVES ADVICE ON SMALL WAYS TO SAVE</title>
		<description><![CDATA[In this economy everyone is trying to find ways to save money. People who try and save on every area of their lives are generally less successful than people who focus on a few key areas. An article by the New York Times published on December 4th, 2010, breaks down three ways to help improve [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorneys-gives-advice-on-small-ways-to-save/</link>
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		<title>BRONX BANKRUPTCY ATTORNEY COMMENTS ON RECENT CREDIT CARD SPENDING</title>
		<description><![CDATA[Spending in America is going up and so is the number of credit card swipes, explained a New York Times article on May 13th, 2011. Americans are starting to slowly spend more using their credit. Recently the use of credit went up 2.9 percent in March, which most economists like Gregory Daco, the senior economist [...]]]></description>
		<link>http://bankruptcynyc.com/bronx-bankruptcy-attorney-comments-on-recent-credit-card-spending/</link>
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		<title>New York lawyer shares news on mortgage regulated law suits: JP Morgan close to settlement with the Securities and Exchange Commission</title>
		<description><![CDATA[JP Morgan Chase &#38; Company, under investigation for its handling of mortgage-linked securities by the Securities and Exchange Commission (SEC), is negotiating a settlement with this agency, the New York Times reports, “JPMorgan in Talks to Settle S.E.C. Inquiry Into Securities,” The New York Times, Saturday, May 7, 2011. JP Morgan made public this information [...]]]></description>
		<link>http://bankruptcynyc.com/new-york-lawyer-shares-news-on-mortgage-regulated-law-suits-jp-morgan-close-to-settlement-with-the-securities-and-exchange-commission/</link>
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	<item>
		<title>Changes In How Much People, The Financial Sector, And The Government Owe</title>
		<description><![CDATA[According to a recent report by the Federal Reserve, in recent years there has been a shift in financial sector, consumer, and government debt. The report, published by the New York Times, shows that financial sector and consumer borrowing, instead of increasing, now is falling, while government borrowing, instead of borrowing at a slower rate [...]]]></description>
		<link>http://bankruptcynyc.com/changes-in-how-much-people-the-financial-sector-and-the-government-owe/</link>
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		<title>Many Struggling With Student Loan Debt</title>
		<description><![CDATA[A new study released by the Institute for Higher Education found that many people with student loan debt are having problems paying them back, The New York Times reports, “Loan Study On Students Goes Beyond Default Rates”, Wednesday, March 16, 2011. The numbers are impressive. For every borrower that defaults on a loan, two more [...]]]></description>
		<link>http://bankruptcynyc.com/many-struggling-with-student-loan-debt/</link>
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		<title>Fighting Over Reducing Debit Card Fee&#8217;s</title>
		<description><![CDATA[A group of Senators from both parties introduced a bill that would delay a new federal regulation to reduce the swipe fees that banks charge businesses for debit card transactions, the New York Times reports. “9 Senators Seek to Delay Debit Card Fee Changes”, The New York Times, Wednesday, March 16, 2011. The bill calls [...]]]></description>
		<link>http://bankruptcynyc.com/fighting-over-reducing-debit-card-fees/</link>
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	<item>
		<title>Formet Chief Executive Of Freddie Mac Under Investigation</title>
		<description><![CDATA[Richard F. Syron, the former chief executive of Freddie Mac, may be facing a civil action as part of a government investigation against this mortgage group and its sister company, Fannie Mae, for their disclosure practices, the New York Times reports. “Ex-Chief of Freddie May Face Civil Action”, Wednesday, March 16, 2011. The Securities and [...]]]></description>
		<link>http://bankruptcynyc.com/formet-chief-executive-of-freddie-mac-under-investigation/</link>
			</item>
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