La Oficina de Protección Financiera del Consumidor está preparada para un nuevo liderazgo
En julio de 2010, el Congreso creó la Oficina de Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) como parte de la Ley de Protección al Consumidor y Reforma de Wall Street Dodd-Frank. El objetivo principal de la creación de la Oficina fue aumentar la eficiencia y la responsabilidad de nuestro gobierno mediante […]
Actualización de la corte del estado de Nueva York
Debido a la pandemia de COVID-19, el sistema judicial del estado de Nueva York cerró abruptamente los tribunales para la mayoría de las operaciones presenciales en marzo de 2020. El 19 de abril de 2021, el juez principal DiFiore anunció que todos los jueces y empleados judiciales volverán a trabajar en persona. operaciones antes del […]
The Covid 19 Impact on Bankruptcy Filing in New York
While the Covid-19 pandemic continues to speared and surge across the U.S., it has also been causing economic devastation in its path. Surprisingly, although the pandemic with its business lockdowns that has led to record number of unemployed Americans, there has been a significant decrease in bankruptcy petitions filed over the past few months. This […]
Coronavirus (COVID-19) Financial News, Updates and Assistance
New Changes to Credit Score Calculation
Welcome to David I. Pankin, P.C.’s consumer financial updates. David I. Pankin is a Long Island bankruptcy lawyer with offices in Manhattan, Brooklyn and Melville. We’re happy to bring you recent updates about new changes to credit score calculations. A New FICO Formula Consumers creditworthiness is summarized using credit scores. There are only a few […]
Changes To The Loss Mitigation Program In The Eastern District Of New York
When a New York homeowner is struggling financially and facing foreclosure, they have a few options if they are seeking to retain their home. They can fight the foreclosure lawsuit in state court. They can try to obtain a loan modification in the Foreclosure Settlement Part of the Supreme Court under the supervision of a […]
Credit Card Default Judgments and New York State’s “Sewer Service” Rules Update
Towards the end of 2014, the New York State Court System announced a series of rule changes affecting default judgments in order to prevent so-called “sewer service” in consumer credit debt collection cases. A “sewer service” case involves questionable and often fraudulent service of process to a defendant, who is unable to defend against a […]
Supreme Court Decides Against Stripping Second Mortgage In Chapter 7
This session of the Supreme Court decide a bankruptcy dispute that was widely watched by bankruptcy attorneys: Caulkett v. Bank of America. In Caulkett v. Bank of America, Justice Clarence Thomas and his Supreme Court colleagues unanimously decided that underwater homeowners cannot use the chapter 7 bankruptcy process to remove second mortgages that are […]
‘Real Housewives of New Jersey’ Star Teresa Giudice Now In Prison For Her Bankruptcy Crimes
In early January, Real Housewives of New Jersey star Teresa Guidice reported to federal prison in Danbury, CT. She is now serving a 15 month sentence for committing bankruptcy fraud and mail and wire fraud conspiracy. Her husband, Joe Giudice, was sentenced 41 months. He will have to report to prison after Ms. Guidice gets […]
Supreme Court Holds Inherited IRAs Are Part Of The Bankruptcy Estate
With only a few exceptions, the Bankruptcy code exempts Individual Retirement Arrangements, more commonly known as IRAs, allowing debtors to keep their retirement funds. In a recent unanimous decision in the case of Clark v. Rameker, the Supreme Court created another exception to this general rule. The Court held that an inherited IRA has no […]