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Professional License Suspended for Not Paying Your Student Loans?

How to add insult to injury?  You are struggling to pay your student loans and the State of Florida suspends your professional license for not paying them... or even adding a fine on top of your student loan bill. This can happen in Florida.  The applicable statute 456.072 reads: 456.072 Grounds for discipline; penalties; enforcement.— (1) The following acts shall constitute grounds for which the disciplinary actions specified in subsection (2) may be taken: (k) Failing to perform any statutory [...]

Understanding Your Student Loan and Repayment Options

I should get over the shock of how many student loan borrowers, now graduates, truly don't understand their own loans. I follow some student loan borrower groups on Facebook.  I will leave aside their repeated discussions of complete loan forgiveness by the government.  (Don't count on it.)  And I will also ignore, until a later blog post, that student loans should be dischargeable in bankruptcy (they aren't now, unless you prove undue hardship, which is a [...]

Florida Foreclosure Process – Service of the Foreclosure Law Suit

(written by Jonathan Paul, Associate Attorney) It has now been several months since you were unable to continue paying your mortgage. You may have made the decision to stop paying the mortgage for any number of reasons. But most likely you decided that you could no longer keep the lights on and the family fed while also paying the over-inflated mortgage payment. Maybe your decision was based on a reasoned financial calculation that the property [...]

Payday Lender Harassment

I would bet money that 99% of the time calls to collect a past due payday loan are a scam.  Shocking, right?  (sarcasm font off) Not one day goes by that a client, former client, or someone on www.avvo.com asks about a debt collector threatening them with arrest or someone waiting around the block to serve a lawsuit. More often than on the person’s cell phone or home phone, the collector calls at work.  This [...]

Florida Foreclosure Process – Default

(written by Jonathan Paul, Associate Attorney) This is the first in a series of blog posts addressing the progression of the Florida foreclosure process. These entries are broad and general in nature, and will not apply to each and every case. I have undertaken the defense of several hundred mortgage foreclosure actions, and they all invariably start in the same fashion:  payments are missed on the promissory note and mortgage, throwing the homeowner behind on [...]

Have You Cosigned Someone Else’s Student Loans?

Here is another gut wrenching story.  Not only to lose a child, but then be harassed by a creditor... Grieving parents hit with $200,000 in student loans If these had been federal student loans, Mason could have had the loans discharged or at least received some sort of financial assistance. But since they are private loans, he has little to no recourse. He called each lender to explain his situation and beg for help, and [...]

Student Loan Questions Answered for Graduates

Recently, I was asked to answer some questions for an upcoming article on student loans.  Below is the excerpt to be published. Do you have any tips for a working college freshman who has just taken out student loans? Should they aim to start saving to pay their loans back right away? ​If they are able to save to pay student loans back after school, then is it possible for the same student to pay [...]

Florida to Give Aid to Underwater Homeowners

First come, first serve.  Applications open September 25, 2013 to receive up to $50,000 in aid for your underwater mortgage. http://www.orlandosentinel.com/business/os-hardest-hit-20130920,0,4470130.story Eligibility requirements include, but are not limited to, the following: Must be a Florida resident and a legal US resident/legal alien; Must occupy property as primary residence; Must be current on the monthly mortgage payment (cannot be 60 or more days late on the first mortgage within the past 24 months); First mortgage must [...]

Chapter 13 and Your Plan Payments

Was your Chapter 13 filed in Orlando or Jacksonville Bankruptcy Court? If so, your payment plan is due within 30 days of filing your case. It does not matter if you haven’t attended your meeting of creditors yet - the trustee must receive your plan payment, and it's your job to make sure the money is where it belongs. If your payment does not arrive on time, you may have big problems with your Chapter 13 case. [...]