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Post-Discharge Loan Modification with Partial Claim Gets Servicer in Trouble with Bankruptcy Court – The U.S. Bankruptcy Court of the Southern District of New York recently sanctioned a mortgage servicer for violating a bankruptcy discharge injunction when it required a debtor to sign a subordinate.
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Consumers requested the lowest number of credit inquiries since 2003 – why that’s a cause for concern – Americans appear to have less demand for new credit cards and other loans. Americans are. only 195,000 consumers had a bankruptcy notation added to their credit report during the fourth quarter..