Bill Seeks to Extend Federal Tax Exemption for Forgiven Mortgage Debt

By |2014-01-16T13:14:54+00:00January 16th, 2014|Bankruptcy, Debtor-Creditor Litigation|

Congressman Bill Foster (D-Illinois) introduced the Homeowners Debt Relief Extension Act (H.R. 3856) on Tuesday. The bill would extend the mortgage debt tax exemption that’s been in place since 2007 for another two years.  For the full article go to:http://www.dsnews.com/articles/bill-introduced-to-extend-federal-tax-exemption-for-forgiven-mortgage-debt-2014-01-14. This is a very important bill and hopefully same will pass.

Student Loan Debt Soars higher than $30,000 per student

By |2014-01-13T10:54:23+00:00January 13th, 2014|Bankruptcy, Collections, Debtor-Creditor Litigation|

According to MSN.com Money Student loan debt The average student loan debt in the U.S. is just shy of $30,000, but several states have already passed that milestone. A report from the Institute for College Access & Success studied the debt loads of 2012 college graduates and found six states whose average student borrower carried [...]

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