Recent Posts in February, 2015

When cancelled debt is treated as taxable income
Feb 23, 2015

An Iowa resident who receives forgiveness for part or all of one or more outstanding debts by a creditor might be surprised when a 1099-C federal tax ...

Posted By Sulaiman Law Group, Ltd.
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Working with collection agencies for reduced payments
Feb 16, 2015

People in Illinois who have outstanding credit card or other financial obligations may be able to negotiate with debt collectors for a settlement. If ...

Posted By Sulaiman Law Group, Ltd.
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Defending against Illinois foreclosures
Feb 12, 2015

If you are involved in a dispute with your mortgage lender, you may have the specter of foreclosure looming. Alternatively, you may owe far more on ...

Posted By Atlas Consumer Law
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National Consumer Law Center to CFPB: Ban The Collection Of Time-Barred Debt
Feb 9, 2015

The National Consumer Law Center has issued a policy paper entitled, "Zombie Debt: What the CFPB Should Do About Attempts To Collect Old Debt." The ...

Posted By Sulaiman Law Group, Ltd.
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Understanding the differences between Chapter 7 and Chapter 13
Feb 3, 2015

Illinois residents who are struggling with credit card debt may be interested in information on the types of personal bankruptcy available to them. ...

Posted By Sulaiman Law Group, Ltd.
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CFPB To Issue New Rules For Payday Lenders
Feb 2, 2015

According to this article in the New York Times , the Consumer Financial Bureau is set to release its first set of rules for payday lenders. Full ...

Posted By Sulaiman Law Group, Ltd.
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