A bankruptcy Trustee filed a claim against GE Capital for their failure to publicly expose a Ponzi scheme before the bankrupt lender in the case lost millions of dollars in loan defaults. The trustee for the Ark Discovery estate lodged a fraud complaint against GE Capital, alleging that the company aided and abetted fraud by… Read more »

A debt collection company has agreed to pay a $15 million civil penalty and another $48 million to consumers to settle allegations of illegal debt collection practices and illegal home loan servicing. Green Tree, based in St. Paul, is said to have harassed mortgage borrowers who were behind in their payments. They were accused of… Read more »

A man filed Chapter 7 bankruptcy and he got through it fairly easily. He had two jewelry stores that failed and he told the court that the jewelry was gone. He either sold it off or dismantled the jewelry and even said he melted it down. The bankruptcy judge was rather angry, declaring that the… Read more »

Wage garnishment is a scary thing because it means that a creditor can have issued an order that says a certain percentage of your wages can be withheld by the creditor in order to pay off a debt. Up to 25% of your wages can be withheld to pay off a debt and, in some… Read more »

The Center for Responsible Lending has issued a new report that has revealed what many consumers have been saying for many years and that is that debt collectors frequently use abusive behaviors in order to secure payment for a debt. From harsh language and lying about the debt to forging documents, state and federal regulators… Read more »

Although same-sex marriage has been legal in Minnesota, banks that serve more than just Minnesota are praising the SCOTUS ruling that banning same-sex marriage was unconstitutional. Previously, it would be difficult for same-sex couples to deal with estate planning matters and that made it difficult on banks and other financial institutions when it came to… Read more »

Bankruptcy is a way to eliminate debts so you can have a fresh start financially, but there are some debts that can’t be discharged and that’s what makes bankruptcy not as simple as it sounds. When it comes to taxes, most tax debt can’t be wiped out in bankruptcy. If you file Chapter 7 bankruptcy… Read more »

If you have received a robocall to your cell phone over a debt, you are not the only one in the Twin Cities, the state, or the country to have experienced this. Consumer advocates are in the air over it, as cell phones have always been protected from these activities. However there is a proposal… Read more »

The Twin Cities has seen a housing recovery and it appears to be on track. In February, home sales increased 1.3 percent, which was the biggest gain in 16 months. This is creating a great deal of optimism because it is a sign of improvement and it signals even more improvement in the upcoming months…. Read more »

You may be someone who needs to file Chapter 7 bankruptcy, but you own a timeshare. Because you have this timeshare, you may be wondering if you can keep it or if you will lose it. If you owe timeshare debt, then you may be wondering if the bankruptcy will get rid of it. There… Read more »