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Pinellas County Schools

Pinellas County Schools

Teachers and staff did you know that you have the MetLife Plan through Hyatt Legal you can 
receive - a free trust, will, quitclaim deed, living will, healthcare surrogate, and DPOA 
before the end of the year. 

 If they you my office - Carol Lawson PA- #727-410-2705, not only are after school appointments
 available, but you receive a Dementia Directive for free.   

Hyatt will also pay the Attorney fees ( no costs) for a Bankruptcy.  Our office participates
in this area handling Chapter 7s only. Costs by our office are credit report, personal property
 apprassial, and filing fee. You also are responsible for a credit counseling class.
Bank Holds on Chapter 7 Debtor Accounts

Bank Holds on Chapter 7 Debtor Accounts

The  Ninth Circuit – U.S. Court of Appeals held that a bank did not willfully violate the automatic stay by placing a temporary administrative pledge on the debtors’ accounts in favor of the bankruptcy trustee.

A copy of the opinion is available at: http://cdn.ca9.uscourts.gov/datastore/opinions/2014/08/26/12-16087.pdf

Wells Fargo,  however,  recently got slammed by a Federal Judge in NY for their practice of freezing Chapter 7 Debtor accounts nationwide.  Bankruptcy Court Judge Cecelia G. Morris. December 2014,  awarded the Weidenbenners $25 in damages for a bounced-check charge, plus costs and lawyers fees.  In her ruling, the judge blasted Wells Fargo, which was not a creditor in the case, for freezing the money and controlling access to it. Accusing the bank of “grandstanding” about bankruptcy-code compliance.  In re Weidenbenner, 521 B.R. 74, 2014 WL 7139994 (Bankr. S.D. N.Y., 2014).

Wells claims that their nationwide policy is only to freeze accounts of debtors with $5000 or more– not true.   If you are going to file Chapter 7– move your bank account from Wells Fargo before you file.

 

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

 

 

 

 

The bank can change your locks before foreclosure. (What’s In Your Mortgage?)

The bank can change your locks before foreclosure. (What’s In Your Mortgage?)

Locked out

Imagine this: you’re on a two-week vacation. You come back, and find a notice on your door: Entry by unauthorized persons prohibited.

Your key in the lock – it doesn’t fit. You peek through the windows and see that everything you left behind is gone – your furniture, your clothes, your photographs – everything.

You’ve been a victim of your mortgage.

Most mortgages that allows the bank to “protect its interest” in the “security” pledged for the loan – in other words, your home. If the bank, or its inspectors, decide at any point that you’ve “abandoned” the home, they claim the mortgage gives them the right to change the locks, board the windows, drain the pipes, and clean out any trash- your stuff.

Here’s the language most commonly used in many Florida mortgages:

9. Protection of Lender’s Interest in the Property and Rights Under this Security

Instrument. If (a) Borrower fails to perform the covenants and agreements contained in this Security Instrument, (b) there is a legal proceeding that might significantly affect Lender’s interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender’s interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property.

Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9.

What does this mean? It means that the bank decides you’ve “abandoned” your home  they can come in and take complete possession of your home, without foreclosing or even giving you prior notice.

The police will not help you- they will tell you it is a civil matter to higher an attorney.

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

Debt Collector’s  Calling?

Debt Collector’s Calling?

Are debt collectors constantly call your home and send you threatening letters in the mail, it might be time to consider bankruptcy.   Clearwater Bankruptcy evaluates your financial situation to determine if bankruptcy is the best option for you.  Your Clearwater Bankruptcy Attorney  will explain the specifics of bankruptcy law, and help you understand how to rebuild your credit so you can get a fresh start.  Don’t live in fear with the phone off the hook – get the information and answers you need.   Debt Relief is what we do!  Come in for a Free Consolation today!

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

How to Rebuild Credit After Bankruptcy

How to Rebuild Credit After Bankruptcy

You can rebuild credit a consumer needs to re-enter the world of credit and add new, positive information to damaged credit reports.

If you reaffirmed a debt in your bankruptcy such as a car loan, you have already taken the first step.

One of the easiest and least expensive ways to add a new line of credit to a credit report is to be added to a loved one’s existing credit card account as an authorized user.  They must have good credit and pay on time to help you.

You can apply for and open a secured credit card account.  They are also very easy to open, even with a recent bankruptcy.

Credit builder loans are extended by credit unions. Like secured cards, it is typically easy to qualify for credit builder loans even for consumers with severely damaged credit reports and scores.  The loans, which are often for small amounts, are reported to the credit bureaus as a positive account as long as payments are being made. They accomplish two things, which are to get something good on your credit reports and to build a small nest egg for emergencies. Check with your local credit union to see if they offer credit builder loans.

Apply for a retail store credit card. Retail store cards are typically issued with very low credit limits and very high-interest rates, which makes them a perfect lending product for consumers with poor credit scores.

Get a joint credit card or loan or with a co-signer.  Your joint applicant must have good credit.

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

Length of Chapter 13 Plan

Length of Chapter 13 Plan

How long does a Chapter 13 plan last?

Typically, a Chapter 13 plan lasts from between 36 months to 60 months. The length of the plan depends on several factors: the amount of your average monthly gross income calculated over the six month period prior to the month of filing, the monthly amount of your disposable income, the amount and kind of debt that you have, and the value of your nonexempt property. If the historical average monthly gross income is over the state median you will be forced into a 60 month plan, unless you can pay 100% of your unsecured debt within a shorter period of time.

 

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

FLORIDA EXEMPTION STATUTES

FLORIDA EXEMPTION STATUTES

Art. 10, §4(a)(1); F.S. §§222.01, 222.02, 222.05  Homestead-160 acres outside of a municipally or one-half acre within a municipality( the exempt portion of a Homestead may be limited to $155,675.00 of equity)
Art.10, §4 (a)(2) Personal Property – $1,000 per person
F.S. §222.25(4) Personal Property – up to $4,000 per person if not claiming or receiving benefits under Florida’s homestead exemption
F.S. §121.131 Retirement benefits – Public employees – 100%
F.S. §122.15 Retirement benefits – county officers and employees – 100%
F.S. §175.241 Retirement benefits – Firemen – 100%
F.S. §185.25 Retirement benefits – Police – 100%
F.S. §222.11(2)(a) Head of Family – Disposable earnings< or =$500/week-100%
F.S. §222.11(2)(b) Head of Family – Disposable earnings>$500/week-100% unless otherwise agreed to in writing
F.S. §222.11(2)(c) Non-Head of Family – Disposable earnings>$500/week-greater of 75% or 30 x federal minimum wage
F.S. §222.13 Life insurance proceeds-100%
F.S. §222.14 Life insurance – cash surrender value/annuity contracts-100%
F.S. §222.18 Disability benefits – 100%
F.S. §222.201 Property listed in subsection (d)(10) of section 522 of Bankruptcy Code
F.S. §222.21(1) Pension money of U.S. pensioner – 3 months if needed for support
F.S. §222.21(2) Retirement or profit-sharing benefits qualified under IRS 1986 – 100%
F.S. §222.22 Prepaid Education Expense Trust Fund – 100%
F.S. §222.25(1) Equity in one motor vehicle – $1,000
F.S. §222.25(2) Health aids, professionally prescribed – 100%
F.S. §222.25(3) Interest in a refund or a credit received or to be received pursuant to § 32 of the IRS Code – 100%
F.S. §238.15 Retirement benefits – Teachers – 100%
F.S. §443.051(2) Unemployment Compensation Benefits – 100% except support
F.S. §497-413 Preneed Funeral Contract Consumer Protection Fund -100%
F.S. §620.68(2)(c) Partnership property, specific
F.S. §632.619 Fraternal Benefit Society Benefits 100%
F.S. §744.626 Veteran’s benefits – 100%
F.S. §769.05 Damages for Injury or death at work, hazardous occupations – 100%
F.S. §960.14 Crime victim’s compensation – 100%
F.S. §440.22 Workers’ Compensation

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

Wild Card Exemption in Ch 13 while saving house

Wild Card Exemption in Ch 13 while saving house

In re Valone, — F.3d —-, 2015 WL 1918138 (11th Cir. 2015).

Chapter 13 bankruptcy debtors who do not claim the homestead exemption may instead choose the “wildcard” exemption” under Florida Statute section 222.25(4) even if they protect their home through the use of the Chapter 13 bankruptcy process.

 

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

Judgments and How they Effect You

Judgments and How they Effect You

If you fail to pay your credit cards, medical bills,  have a foreclosure, or car repossession they can sue you for the balance owed.   This will normally result in a judgment against you.  Judgments are then recorded with the Clerk of Court in the county in which they were an issue.

What you need to know.

How long is the judgment good for?

Lien of Judgment under FSA §55.081 is good for 20 years.

Actions on non-recorded judgments under  FSA §95.11(2)(a) are good for 5 years.

Mechanic Lien judgments under FSA §95.11(5)(b)  are good for 1 year.

Judgments of Foreclosure where a deficiency is reserved on must have the action on the deficiency filed within  1 year from the foreclosure judgment.  FSA §95.11(2)(c)

Many judgments can be re-recorded for an additional 10 years.

The Judgment will appear on your credit report.

Once a judgment is filed against you it will show under public records on your credit report. This is information that is pulled by the credit bureaus through various services.  The majority of unsatisfied judgments will sit on your credit report for 7-10 years from the date the judgment is filed by the court.  This will have a major derogatory impact on your credit score.

If the judgment is re-recorded before the 7 year period runs, it can appear for an additional 7-10 years on your credit report from the new recording date.

Satisfied Judgments

If you pay a judgment you will receive a notice of Satisfaction from the lender. You need to record this with the Clerk of Court. Some lenders will record these, but many will not.  Once the Satisfaction is recorded with the Clerk of Court the next time the credit bureaus pull your public records they will be notified of the update.  You can also send a letter of dispute on your credit report with a copy of the recorded satisfaction.   This will not result in the removal of the judgment from your credit report, but you can have it noted in consumer comments.

Vacated Judgments

Vacated judgments can be removed from your credit report. Send a copy of the order Vacating the judgment to the credit bureau.

Some mortgage lenders will require judgments to be paid off in order to close on a mortgage depending on your credit.

Credit reports contain inaccurate or missing information about 1/4 of the time. You should check your credit report for each agency on a yearly and follow up on anything that needs to be disputed.  You can pull a free credit report here: https://www.annualcreditreport.com/index.action It is best to only pull one report every 4 months so you have a constant snapshot, unless you find an error.

Judgments and Bankruptcy

The underlying debt if disclosed to your attorney, or on your credit report, will be included in your bankruptcy. This means you will no longer be liable under the judgment once your bankruptcy is discharged.  However, this does not remove the judgment lien. Additional action, which incurs additional attorney fees in needed.

This action is a Motion To Avoid A Judicial Lien, the typical charge is $400.00 and it is filed during your bankruptcy case.  The Order is then filed and recorded in your State Court Action, thereby releasing the lien.  These judgments can then be removed from your credit report.

Related Articles:

http://carollawsonpa.com/how-long-does-it-stay-on-my-credit/

Unpaid Debt and the Statute of Limitations

Debt Collection Calls

Debt Collector’s Calling?

Time Barred Debt in Chapter 13

http://carollawsonpa.com/fair-debt-collection-act-and-offer-of-settlement/

 

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

Attorney Fees for Debtor’s Counsel in Chapter 13 Plan

Attorney Fees for Debtor’s Counsel in Chapter 13 Plan

Above means income debtors are required to use Form B-22C (Chapter 13 Calculation of Your Disposable Income which is part of a 2 part test) which effective December 1, 2015, will be  Form B122C-2.  Unlike trustee fees, there is no deduction for attorney fees being paid in the plan on the form.   §1325(b)(1)(B) provides that a Chapter 13 plan should “provide that all of the debtor’s projected disposable income … will be applied to make payments to unsecured creditors under the plan.” 11 U.S.C. § 1325(b)(1)(B).

Section 1325(b)(1)(B) of the Bankruptcy Code provides in pertinent part that, if a trustee or an unsecured creditor objects to confirmation of a debtor’s Chapter 13 plan, the plan can be confirmed by the court only if it provides to pay the creditors in full or proposes that “all of the debtor’s projected disposable income … will be applied to make payments to unsecured creditors under the plan.” 11 U.S.C. § 1325(b)(1)(B).   Section 1325(b)(2) then defines “disposable income” as current monthly income received by the debtor less amounts “reasonably necessary to be expended.” See 11 U.S.C. § 1325(b)(1)(B).

Trustees across the country have been using this provision to object to  Chapter 13 Plan fees for Debtor’s attorneys through the plan.   In re Hemker, No. 15-90023, 2015 WL 5262080 (Bankr. C.D. Ill. Sept. 8, 2015), the trustee argued that the amount shown from the B22C form must only go to general unsecured creditors, excluding any attorneys fees to be paid in the plan.  Further, Debtors’ attorney fees are excluded from the calculation under 11 U.S.C. § 707(b)(2)(A)(ii)(III), and thus the Debtors should not be allowed to use their disposable income to pay their attorney fees.  The Trustee based this argument on Ransom.  The Court rejected this argument as making an unfair treatment between a below income debtor, who was allowed to pay attorney fees through the plan and an above income debtor who could not. A debtor’s attorney who has not taken a security interest in the debtor’s property is an unsecured creditor who may be paid from disposable income.

Apparently, this case is part of a  nationwide trend to make bankruptcy filings more difficult for the Debtor and their counsel.   On October 6, 2015, the American Bar Institute held a Webinar  “BAPCPA at 10”.  Attorney Caralyce M. Lassner of Acclaim Legal Services PLLC, Warren, Mich., one of the panelists, said in practice BAPCPA has been like using a backhoe to fix a crack in your sidewalk.  Lassner stated how impossible it is to confirm a chapter 13 Plan without major concessions from the debtors or creditors.  She also cited two cases in the Eastern District of Michigan which attacked Debtor’s attorney fees.

In re Craig Maike, 15-20218-DOB (EDMI), Docket 25 (9/3/15)

In re Hammon, 2015 WL 4462179 (Bankr ED MI 7/21/15)

Professor Lois R. Lupica of the University of Maine School of Law said empirical studies have found no evidence of widespread abuse among consumer debtors.   In fact, Lupica said that under BAPCPA the cost of access to the bankruptcy system has increased significantly, which is keeping the poorest debtors from being able to file.

In the Middle District of Florida the Chapter 13 Trustees have interpreted Harris that when a  chapter 13 is dismissed or converted,  the check for the balance paid in less their fees,  goes to debtor c/o attorney for refund, however, no attorney  fees or adequate  protection  is paid after dismissal/conversion by the trustee.  The attorney must then try and get the debtor to pay the balance of their fees due under the retainer agreement.  ( If the  Debtor refiles bankruptcy within a year- would the trustee treat our fees as a preference? )

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #300, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: calh@gate.net