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Ariane Holtschlag testifies before House Judiciary Committee

FactorLaw is proud to announce that our Partner, Ariane Holtschlag, testified on September 27, 2018, before the House Judiciary Committee.  Ariane testified as a member of the American Bankruptcy Institute’s Commission on Consumer Bankruptcy a… Read More
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5 Mortifying Reasons Mortgage Applications End Up in the 'Reject' Pile

Just read an interesting article in Realtor.com explaining why mortgage applications are sometimes denied (See realtor.com).  According to the article a recent Federal Reserve study concluded that one out of every eight home loan applications (12%)… Read More
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Experts predicting increased ilIiquidity and link it to the climate that led to the 2008 crisis

According to a recent report by Morgan Stanley (See www.businessinsider.com/equity-credit-asset-market-moves-illiquid-2018-7) “[m]arket liquidity across assets is in decline” and  “low liquidity were the fundamental triggers of th… Read More
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America is heading for a level of income inequality that hasn't been seen since 1928

Economists have noted that the level of income inequality between the top 1% and the rest of the country is approaching levels last seen in 1928, which, of course, was just before the tragic financial meltdown that pre-dated, or even caused, massive… Read More
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New Bankruptcy Rules Proposed for Student Debtors

This article in U.S. News and World Report provides a useful summary of some current efforts to address burgeoning student loan problem.  Well worth the read.  (https://www.usnews.com/education/blogs/student-loan-ranger/articles/2018-07-18/what-to… Read More
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Inflation-adjusted Wages Slipping in Second Quarter

According to a recent report (https://www.bls.gov/news.release/wkyeng.nr0.htm), median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. B… Read More
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Is a Recession on the Horizon

According to an article in the Business Insider http://www.businessinsider.com/bond-yield-curve-spread-inversion-recession-2018-7, a key metric for the onset of a recession is leaning towards a downturn. In this case, the yield on 10-year US Treasury… Read More
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Household debt reached a record $13.21 trillion in the first quarter of 2018

According to the NYT on 7/2/2018, interest rates are now rising at time when household debt reached a record $13.21 trillion in the first quarter. Household debt service payments as a percentage of disposable income hit 5.9 percent in the first quart… Read More
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Discharging Student Loans - one success and one failure

In Janice Faye Hopson v. Illinois Student Assistance Commission and U.S. Department of Education, Adv. No. 16 A 206, (Bankr. N.D. Ill. June 22, 2018), the court ruled against a chapter 7 debtor trying to discharge her student loans. The debtor was a… Read More
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Chicago Court orders City to surrender vehicle to Debtor notwithstanding asserted possessory lien to secure traffic tickets

In a recent case, Judge Schmetterer held in In re Cross, Adversary No. 18 AP 00154, that the City of Chicago did not have the right to retain a chapter 13 debtor’s vehicle to protect its possessory lien on the car that allegedly secured paymen… Read More
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