Hoglund Law Blog

Narayana Kocherlakota, president of the Federal Reserve Bank in Minneapolis, recently suggested a change in the U.S. tax system to discourage debt growth. High consumer and bank debt lowers the stability of the economy. This makes economic trouble, like what occurred in 2007 through 2009, more likely. Currently, the tax code encourages debt by allowing [...]

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The federal government is attempting to help turn around the struggling housing market and reduce the number of home foreclosures. The Emergency Homeowners Loan Program will help homeowners who are behind on their mortgage and struggling to make payments. Loans of up to $50,000 will be available to the unemployed. Additionally, the loans do not [...]

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The number of Americans who filed for bankruptcy in January through June of this year decreased from the same period in 2010. According to data from the National Bankruptcy Research Center, 709,303 consumer bankruptcies have been filed in 2011. During the first six months of 2010, 770,117 consumer bankruptcies were filed. The 2011 numbers represent [...]

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Americans pursuing Social Security disability claims in court have experienced varying results. The Social Security Administration employs 1,400 administrative law judges (ALJs) to rule on appeals from people whose disability applications were denied. ALJs preside over cases that were previously denied twice. The Social Security Administration recently began releasing monthly data about how ALJs are [...]

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Princess Diana’s famous dresses are for sale.

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Social Security Attorney Andrew Kinney is available to speak with your group.

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One of the many ways creditors can collect on delinquent accounts is by obtaining a judgment against the debtor.  The creditor will typically hire a law firm to sue the delinquent account holder, and in virtually every case, a court will grant a judgment in the creditor’s favor.  Because Minnesota law allows service by mail [...]

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For debtors, the path they traveled which led to a bankruptcy is long and varied.  There were generally many signs along the way that point towards a looming bankruptcy.  For many debtors, the final indicator that a bankruptcy is their best option is a wage garnishment or a bank levy.  Prior to that point, the [...]

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According to statistics compiled by the Administrative Office of the U.S. Courts, consumer bankruptcy filings for the first half of 2010 are up 15% compared to filings for the first half of last year. Chapter 7 filings have increased 17 have increased% from last year. An ABI study also notes that bankruptcy filings for people [...]

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The Making Home Affordable Program can help homeowners keep their homes even if they have filed a bankruptcy. The HAMP program helps homeowners modify their mortgage to make their payments more affordable. Some of the requirements for HAMP are: – Monthly mortgage payments including tax, insurance and association dues which exceeds 31% of the debtors’ [...]

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