McLeod writes mostly on issues related to business and bakruptcy law, with topics including consumer rights, credit and debt, mortgages and foreclosures and fraud. McLeod is an attorney practicing in Boston.
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Last fall I shared my thoughts about Dave Ramsey. The blog article brought in more comments than I usually get. I've had my eye on Suze Orman ever since I happened to catch her CNBC show over the holidays. James...Last fall I shared my thoughts about Dave Ramsey. The blog article brought in more...
Today, my Bankruptcy Colleague and fellow-blogger Jonathan Ginsberg wrote about The Psychology of Debt Collection: Avoid the Manipulation. The Boston Globe reports that the Massachusetts Attorney General has filed a bill to slow down foreclosures. But the legislation would only...Today, my...
From the Boston Globe: The Federal Reserve Bank will sponsor a second workshop aimed at preventing foreclosures by bringing borrowers and lenders together to find alternatives. The workshop, scheduled for February 14 at the Connecticut Convention Center in Hartford, is...From the Boston Globe: The...
There's so much going on in the news that it almost seems silly to repost it here. But I did come across a few items that I wanted to share. In the UK, Debt Collectors are “getting heavy.” A plan...There's so much going on in the news that it almost seems silly to repost it here. But I did come...
I came across an interesting story (and video) over at CNBC.com: Fraud at your Front Door which discusses foreclosure rescue scam artists who are knocking at the front door of homeowners facing foreclosure. I have met clients who have told...I came across an interesting story (and video) over at...
Debtors with student loans have an often insurmountable burden in proving their loans are dischargeable in bankruptcy. Section 523(a)(8) requires them to show that the loans are an undue hardship and an example of how the definition of “undue hardship”...Debtors with student loans have an often...
The pace of foreclosures has been slow since there’s a moratorium on Freddie Mac and Fannie Mae mortgages. That however, is not stopping collectors for other consumer debts getting more aggressive. Today’s Boston Herald reports that credit card delinquencies are...The pace of foreclosures has been...
Contrary to what you may hear in advertisements, 2009 may not be a good time to buy a home unless you are planning on living there for several years. This bit of news is not actually a huge shock for...Contrary to what you may hear in advertisements, 2009 may not be a good time to buy a home unless...
Big news out of Washington, from the Washington Post: Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said on Thursday. Senators Richard Durbin of...Big news out of Washington,...
The new Congress will be introducing legislation that will allow homeowners in bankruptcy to "cram down" their mortgages on their principal residences. When a home is worth less than the amount owed on the mortgage (or as I typically see,...The new Congress will be introducing legislation that will...