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The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure.
Key takeaways. Debt relief is a restructuring of debt to make it easier for you to pay it back. You can get debt relief from lenders, debt relief companies and credit counseling agencies. The best ...
In 2002, Stroh and his business partner Andrew Housser founded Freedom Financial Network (FFN), to provide a full range of specialty financial services to U.S. consumers. Companies within the Freedom Network are Freedom Debt Relief, offering debt relief assistance ; Freedom Tax Relief to manage IRS tax debts; Golden Road Financial focused on ...
More than 570 Washington state consumers who signed up for Freedom Debt Relief's services will be eligible for about $800,000 restitution under the state's settlement with the California-based the ...
The Fair Debt Collection Practices Act ( FDCPA ), Pub. L. 95 -109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of ...
Bankruptcy. Bankruptcy is a legal process that provides relief from overwhelming debt by liquidating assets or creating a repayment plan. Chapter 7 bankruptcy is ideal for unsecured loans (such as ...
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made ...
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