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  • tobee43
    started a blog post Who is Marcia Novello and How was Bankruptcy Effected

    Who is Marcia Novello and How was Bankruptcy Effected

    Born in San Franciso, attending UCB , later attending Yale, Boston U Law and on to Harvard, licensed in Massachusetts her interest were not intended to assist the Masses of those experiencing the lost of their world which begin to crash in the early 2000's.
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  • tobee43
    started a blog post Who is Marcia Novello and How was Bankruptcy Effected

    Who is Marcia Novello and How was Bankruptcy Effected

    Born in San Franciso, attending UCB , later attending Yale, Boston U Law and on to Harvard, licensed in Massachusetts her interest were not intended to assist the Masses of those experiencing
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  • Revisiting the Questions of What to Do When you Rec 1099A and 1099Cs

    if you settled a debt on a home or with a lender most likely you will rec one of two types of forms from the bank.

    in some cases where property is involved one may receive both form 1099-A (Acquisition or Abandonment of Secured Property) and form 1099-C (Cancellation of Debt). the 1099Cs...
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  • N.J.S.A. 46:10B-51, the New Jersey Creditor Responsibility Law

    If Foreclosed in NJ U are NOT responsible for CARE of RESIDENCE! QQ

    i belong to another site, but thought this information may be helpful for those that have any questions on whether or not they are responsible for lawn care, trash etc. this is was was drawn up by the nj law makers...
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  • tobee43
    started a blog post TITLE Theory States v LIEN Theory States

    TITLE Theory States v LIEN Theory States

    TITLE Theory States v LIEN Theory States




    what does this all mean????


    there are two basic theories of ownership under the various state property laws.

    in a lien theory state, the borrower owns title to his or her home despite...
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  • tobee43
    commented on What to Do With Form 1099-A?
    for the 1099A you don't need to do anything. however for the 1099C you will need to do a 1099A. it's ALWAYS good to run this by a tax professional just to make yourself feel safe. however, i have found until recently many don't know what to do with them either. so, i would make certain the person you...
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  • StartinOver
    commented on What to Do With Form 1099-A?
    BK 7 filed in april 2011, discharged in august 2011. Included house in BK. Foreclosure sale took place Nov 2011. Got 1099-a from first lender, freddie mac. Second lender (same entity as first servicer) has not sent anything. Received no 1099 C. Received no 1099-a from any of the discharged credit...
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  • tobee43
    started a blog post IRS? Are taxes Dischargable?

    IRS? Are taxes Dischargable?

    "bankruptcy is not always the best way to get rid of federal tax debt. given enough time, the tax may just go away. the IRS is given 10 years from the date the tax is assessed to collect in most cases by 26 USC §6502, a section of the Internal Revenue Code. the date after which the tax can no...
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  • tobee43
    started a blog post Bankruptcy Timelines

    Bankruptcy Timelines

    so many on this forum have questions about the "timelines" involved with the filing of your bankruptcies. i thought this may be helpful to many that have questions pertaining to the timelines they may face when filing. also, please note that some this information may not be exact and many...
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  • tobee43
    started a blog post Telemarketer Abuse Statute Confounds Supreme Court

    Telemarketer Abuse Statute Confounds Supreme Court

    November 28, 2011


    WASHINGTON — “This is the strangest statute I have ever seen,” Chief Justice John G. Roberts Jr. said near the end of a Supreme Court argument on Monday.

    The justices had spent most of the previous hour trying to puzzle out the meaning...
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  • tobee43
    started a blog post How Debt Buyers Turn Zombie Debt into Valid Claims

    How Debt Buyers Turn Zombie Debt into Valid Claims

    "Several of my Bankruptcy Law Network colleagues have written about the scourge of “zombie debt.” This colorful name applies to very old debt that is purchased by a debt buyer at pennies on the dollar. The moniker “zombie” refers to the fact that usually the statute of limitations for...
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  • i hope, and am most certain he'll get back to you.
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  • Thanks Tobee. I hated to bother him, because he was so helpful and available while it was in progress, but I sent him an email today.
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  • scooter, maybe you can call your atty and see if everything is progressing well?? i do know and have seen asset cases take months to close, so i am wondering if the UST found something??? it does appear to be longer than it should at this point. i'm certain all is well, however, i would make a few calls...
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  • Hi Tobee, We're still waiting for ours to close. All the asset checks (only 3) were mailed by the Trustee about June 10, so it's well past the 90 days they are given to cash the checks. But as you say, they are very busy I guess. Hope all is well with you. We're getting early fall coolness here...
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