Posted on Saturday, 15th October 2011 by admin
It is extremely important to know the roth ira limits, in order to ensure you receive the full benefits from your roth ira account. Even though roth-ira.org is known for its flexibility, there are quite a few limits to the contributions you can make towards your account. Read more…
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Posted on Friday, 14th October 2011 by Sarah Sullivan
How long does it take to repair credit? The credit repair process is ongoing. If your credit score is 580, it won’t change into a 720 within a matter of months. It can take some people years to rebuild their credit history and raise their credit scores. That being said, repairing your credit is not a lost cause. Even raising your score by a few points can start you on the right track towards credit restoration.
How long does it take to repair your credit score?
Your score will probably not improve in less than 30 days. On the other hand, after 35 day
s, don’t be surprised to see improvement. The quickest changes to your credit score involve correcting legitimate errors on your credit report. Since about 79% of credit reports contain errors, the chances of correcting such errors are more than slim.
How long does it take to fix your credit?
Your most recent credit history affects your credit the most. No matter what you’ve done in the past, you can take small or big steps towards improving your recent credit history. For example, i
Tags: Credit, Repair Credit
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Posted on Tuesday, 11th October 2011 by Heather Powell
Earlier this week, a friend posted on Facebook that he went to a drive-through restaurant. As he pulled up to the window, the cashier smiled and said that the person before him left behind a dollar for his order — a random act of kindness. My friend was taken aback by this small but kind gesture. He decided to pass it along to the next person, feeling the need to pay it forward.
It felt fitting when I read that today is World Smile Day. You know that famous yellow smiley face icon you see everywhere? It was created in 1963 by artist Harvey Ball.
Tags: Smile, Smile Day
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Posted on Tuesday, 11th October 2011 by Rebecca Ortiz
To the dismay of some, credit card companies are once again loosening their criteria for creditworthiness and are targeting those who have had credit problems in the past. In fact, in the first six months of 2011, banks across the nation issued 5.4 million new credit cards to those whose credit histories have taken a hit to the point of their being classified as subprime. Not only that, but this trend is expected to continue. So why are so many disgruntled with this news?
Tags: Again, Credit Card
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Posted on Tuesday, 27th September 2011 by Sarah Sullivan
A literal reading of 11 U.S.C. Section §362(c)(3) terminates the stay 30 days after the filing of the petition only with respect to the debtor, not property of the estate. However, coming into bankruptcy court in the Central District, recent rulings have discussed whether the Stay terminates entirely or only with respect to the Debtor in subsequent bankruptcy case filings.
In re Reswick Jr., 2011 Bankr. LEXIS 873, (B.A.P. 9th Cir. February 4, 2011) held that the Automatic Stay terminated as to the debtor and property of the debtor’s bankruptcy estate 30 days after the debtor’s second bankruptcy filing. The court agreed with the persuasive reasoning set forth in In re Daniel, 404 B.R. 318 (Bankr. N.D. Ill. 2009), and held that the automatic stay terminated in its entirety on the 30th day after the petition date.” (Emphasis added.) This is a minority decision.
The Reswick court analyzed the majority viewpoint ,
“The majority interpretation finds the phrase “with respect to the debtor” to be both critical and unambi-guous, and concludes that on the 30th day after the peti-tion date, the automatic stay terminates only with respect to the debtor and the debtor’s property, but not as to property of the estate. See, e.g., Holcomb v. Hardeman (In re Holcomb), 380 B.R. 813 (10th Cir. BAP 2008); Jumpp v. Chase Home Finance, LLC (In re Jumpp), 356 B.R. 789 (1st Cir. BAP 2006); In re Pope, 351 B.R. 14 (Bankr. D.R.I. 2006); In re Murray, 350 B.R. 408 (Bankr. S.D. Ohio 2006); In re Brandon, 349 B.R. 130 (Bankr. M.D.N.C. 2006); Bankers Trust Co. of Cal. v. Gillcrese (In re Gillcrese), 346 B.R. 373 (Bankr. W.D. Pa. 2006); In re Williams, 346 B.R. 361 (Bankr. E.D. Pa. 2006); In re Harris, 342 B.R. 274 (Bankr. N.D. Ohio 2006); In re Jones, 339 B.R. 360 (Bankr. E.D.N.C. 2006); In re Moon, 339 B.R. 668 (Bankr. N.D. Ohio 2006); In re Johnson, 335 B.R. 805 (Bankr. W.D. Tenn. 2006). Although these decisions state that the court need not read beyond the phrase “with respect to the debtor” to discern its meaning, see, e.g., Jones, 399 B.R. at 363 (“Section 362(c)(3)(A) provides that the stay terminates ‘with respect to the debtor.’ How could that be any clear-er?”), these decisions arguably do read beyond the phrase because they find that the stay terminates with respect to the debtor and to any property of the debtor that is not property of the estate. Id. at 362; see also Holcomb, 380 B.R. at 816 (“e conclude that the language of § 362(c)(3)(A) terminates the stay only as to the debtor and the debtor’s property.”); Jumpp, 356 B.R. at 797 (“Section 362(c)(3)(A) provides for a partial termination of the stay.”).”
On May 9, 2011, the Central District Riverside Division Court in In re Rinard, 2011 Bankr. LEXIS 1731, Judge Clarkson held,
“Under 11 U.S.C. § 105(a), a bankruptcy court “may issue any order, process, or judgment that is necessary or appropriate to carry out the provisions of this title.” Section 105(a) gives the bankruptcy courts the power to stay actions that are not subject to the 11 U.S.C. § 362(a) automatic stay (footnote omitted) but “threaten the integrity of a bankrupt’s estate.” Canter v. Canter (In re Canter), 299 F.3d 1150, 1155 (9th Cir. 2002) (citation and quotation marks omitted); Ingersoll-Rand Fin. Corp. v. Miller Mining Co., 817 F.2d 1424, 1427 (9th Cir. 1987).” Solidus Networks, Inc. v. Excel Innovations, Inc. (In re Excel Innovations, Inc.), 502 F.3d 1086, 1093 (9th Cir. 2007). The Ninth Circuit, in Solidus Network further found that the usual preliminary injunction standard applies to stays of proceedings against non-debtors under § 105(a). Solidus at 1094.”
One of our judges recently overruled a motion for turnover of property that was foreclosed upon after the Stay expired. What this means is that you MUST file a Motion to Continue the Automatic Stay beyond the 30 days when your client has filed a subsequent filing within 12-months preceding the filing of their current case. In our Central District these are fairly simple form motions that are routinely granted. These motions MUST be filed and heard within the first 30 days of the case. Don’t risk losing your client’s assets.
Tags: Stay, Stay Subsequent
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Posted on Tuesday, 27th September 2011 by Sarah Sullivan
It’s a frustrating scenario: you decide on a purchase, work with a sales associate, fill out an application, and boom—credit denied. With questions floating around in your head, a denial for credit or other credit services is never easy. Take a closer look at the possible reasons you may have been turned down. A little knowledge could help you in the future.
- Your application is incomplete. First things first: is your application finished? Leaving out even the smallest item could result in credit denial for credit-related services. Go over the application to make sure the vital information is included.
Tags: Application Was, Denied
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Posted on Sunday, 25th September 2011 by Rebecca Ortiz
Prepaid is the fastest-growing non-cash payment method in the U.S. The aggregate number of prepaid transactions grew at a compound annual growth rate (CAGR) of 21.5 percent between 2006 and 2009, while the volume grew at a CAGR of 22.9 percent for the period, according to data from the Federal Reserve. There are substantial differences in the forecasts released by various organizations on the future growth of prepaid, but what they all agree on is that the pace will remain very fast.
With prepaid volumes on the rise, it is important that you are able to recognize prepaid cards and know how to handle them at the checkout.
Tags: Prepaid, Prepaid Card
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