Atty. John T. Snow

10/11/2022

02/01/2021

According to the order, both housing foreclosures and evictions would be delayed until at least March 31, 2021.

On the first day of his administration, President Joe Biden issued a slate of executive orders...

01/18/2021

The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that help borrowers with federally backed mortgage loans. Among these are...

12/28/2020

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U.S. Census Bureau data suggest that over 35 percent of American adults are "living in households not current on rent or mortgage where eviction or foreclosure in the next two months is either very likely or somewhat likely."

12/22/2020

Average Student Loan Debt by Age

Consumers age 62 and older have the lightest student loan burden, followed by those age 24 and younger. Here are the average student loan balances per borrower by age.

12/07/2020

No One Wants Your Used Clothes Anymore
Fashion trends are accelerating, new clothes are becoming as cheap as used ones, and poor countries are turning their backs on the secondhand trade.

A once-virtuous cycle is breaking down. What now?

12/01/2020

While the pandemic has financially been harder on working-class families than the wealthy ones who have been stockpiling much of the cash, data shows that they too have more money in the bank now. That’s important because they are much more likely to spend that money – and give the economy an added jolt – than the rich are.

Bloomberg News

11/23/2020

Why even open up this door for the collections agencies?

If you owe money, it just got harder to hide from the debt collectors. The Consumer Financial Protections Bureau (CPFB) has recently ruled that debt collections agencies can now use social media outlet like Facebook and Twitter to try to recover outstanding debt. Further, email and text dunning noti...

11/16/2020

Average millennial has $27,251 in non-mortgage consumer debt. Here's how they compare to other generations.

Millennials are the generation with the fastest growing debt. Here's a look at what the average millennial is borrowing.

11/02/2020

How much debt do you have? The average is a shocking $90,460!

Gen X has the most debt, but millennials are catching up. CNBC Select reviews the average amount of total debt Americans have at every age so you can see how you compare.

10/26/2020

A review of more than 8,000 eviction cases by the Center for Public Integrity found that almost 2/3 of the tenants lived in areas with above average minority representation with a median household income below $42,000. The thousands of evictions filed spanned late March to early July, primarily in Florida and Georgia. The eviction moratorium from Centers for Disease Control and Prevention (CDC) is due to expire Dec. 31.

The eviction crisis exacerbated by the pandemic is hitting minorities much harder than other Americans.

10/05/2020

“All of us in the field are expecting bankruptcies to spike up dramatically, probably later this year and even more so into the New Year as the longer-lasting effects of the pandemic hit people in the wallet,”
The challenge is unemployment. People do not want to file, but there are often no options.

The article, titled “After the Covid-19 Deluge, A Bankruptcy Tidal Wave?”, suggests that lawyers are now ramping up for consumer bankruptcies