Hoglund Law Blog

Many individuals when filing a bankruptcy want to know if it is possible to simply leave a creditor out of the bankruptcy.  It is not. The law is very clear that all creditors must be included when filing a bankruptcy. It is often possible to essentially remove a secured creditor from a bankruptcy by signing [...]

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When filing a Chapter 13 Bankruptcy, many individuals are very concerned about what will happen if there is a change in their income. A Chapter 13 is a repayment plan that is largely based upon a debtor’s income and expenses. In some cases the payment is based on tax debt or mortgage arrears. The payments [...]

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Student loans are typically non-dischargeable in either a Chapter 13 Bankruptcy or in a Chapter 7 Bankruptcy. (In some instances, an individual can have his/her student loans discharged in a bankruptcy if the individual can show the student loans present an undue hardship. The standard for this is very high and very few individuals are [...]

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The typical credit counseling program is a repayment plan to unsecured creditors. Essentially, what a credit counselor does is negotiate a repayment plan with creditors. The plan will usually allow the debtor to pay less in interest to the creditors. Credit counseling will typically not provide for a reduction in the principle amount owed. The [...]

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The Federal Housing Finance Agency is bringing suit against the United State’s 18 largest banks.  This suit stems from the banks sale of $200 billion in toxic mortgage-backed securities to Fannie Mae and Freddie Mac.  The FHFA claims that the banks overstated the value of the mortgaged homes and the number of the homes that [...]

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The weak economy and high unemployment rate is a great burden, and people are searching for answers.  During this weak economy, many are choosing to go back to school, ride out the market, and add a few more degrees to their resume.  However, despite having a higher level of education, the joblessness rate for people [...]

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Over the history of the United States there has been a general trend of increased wealth with each passing generation.  However, analysis by the Pew Research Center points to the exact opposite.  The older generations have been able to amass more wealth over time relative to the younger generations.  Despite the obvious ability to collect [...]

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During the second quarter of 2011, almost one third of all home sales were foreclosures. According to RealtyTrac Inc., foreclosure sales made up 31% of home sales during April through June 2011. A foreclosure sale occurs when a home is purchased after the owner receives a notice of default or when a home is repossessed. [...]

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Fewer American parents are willing to go into debt to finance their children’s education. According to a report prepared by Sallie Mae, 51% of parents “strongly agreed that they would stretch financially to send their children to college.” This represents a 13% decrease from the 64% of parents who felt the same last year. Approximately [...]

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According to the Mortgage Bankers Association, the number of borrowers who were late on their mortgage payments rose to 12.87% in the second quarter of 2011. Prior to the second quarter of this year, the number of homeowners who were delinquent on their mortgage payments had been decreasing for over a year. The 12.87% refers [...]

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