AT LEAST THE COLLEGE TUITION IS PAID…OR IS IT?

This is a common scenario in this economy. Parents struggling to make ends meet,  try to make sure to pay their children’s college tuition first,  so their kid gets a good education.    Parents then have to choose what to pay next and sometimes,  have to let the rest of the bills take a back seat.   They end up amassing huge credit card debt and/or second mortgaging their home, losing the equity.  And sadly, when things get badly out of control,  the parents might have to file for bankruptcy.   Even though the tuition has long been paid to the university, and 

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Never Ending Saga of Creditor Bad Behavior – Continued…

I Filed My Bankruptcy Case And Now My Payments Are In A Suspense Account, What is that? You were behind on your mortgage but you solved the problem by filing a Chapter 13 Bankruptcy Case.  Now the Bankruptcy Trustee is paying your mortgage arrearage through the Chapter 13 Plan and you are making your current monthly mortgage payments on time outside the Plan.  Your situation should be improving but an examination of your monthly statement reveals new charges to your account and your monthly payments are not being applied to your mortgage, the payments have been deposited into a “suspense 

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