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Bankruptcy Case Offers Hope for Student Borrowers

– by Isaac Bowers (Equal Justice Works).  A 10-year court battle waged by Michael Hedlund, a graduate of Willamette Law School, to discharge his student loans has recently ended with a 9th U.S. Circuit Court of Appeals decision partially discharging his loans. Hedlund borrowed about $85,000 to get his undergraduate and law degrees, then failed…

201407.04
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Government Panhandling: The Department of Economic Security’s recent uptick in unemployment insurance audits

– by Paul J. Valentine & Steven M. Brechner. A ccording to the Department of Economic Security’s (“DES”) Annual Report, the total amount of employer’s contributions in 2012 to the unemployment fund was $434 million. But, unemployment benefits paid out that year were $1.05 billion. That means that in 2012, DES paid $620 million more…

201406.30
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The Lending Co. accused of funny business

P HOENIX (CN) – A federal class action claims The Lending Co., a mortgage broker, struck illegal deals with charities to “gift” up to 2.5 percent of borrowers’ down payments, and paid the charities a kickback equal to the amount of the “gift,” plus an administrative fee. Lead plaintiff Margaret Galas claims that federal law…

201406.30
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Five Rules to Discharge Tax Debts

Five Rules I ncome tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Filing for bankruptcy is one of five ways to get out of tax debt, but you should consider bankruptcy only if you meet the requirements to Discharge Tax Debts In Bankruptcy. Chapter 7 provides…