Monthly Archives: October 2019

Custodial interrogation of a defendant occurs under inherently coercive circumstances, but that does not include routine questioning of restrained appellant. In State of Missouri v. Harvey D. Harris, the appellant was restrained due to paramedics strapping him to a backboard and … Continue reading →

The Consumer Financial Protection Bureau (CFPB) settled with Asset Recovery Associates, Inc. (ARA). ARA, also known as Financial Credit Service, Inc., collects debts from consumers throughout the U.S. CFPB found that ARA violated the Fair Debt Collection Practices Act by … Continue reading →

A Missouri circuit court scheduled a bond hearing and denied a timely filed motion for change of judge, citing time constraints. The Missouri change of judge rule is mandatory, and the Missouri Court of Appeals would make permanent its writ … Continue reading →

As part of a restructuring plan, Forever 21 is preparing to close 100 stores.  The company is currently working on obtaining a financial package that would provide around $75 million for its restructuring. In exchange for an interest in the … Continue reading →

In July 2019, U.S. consumer borrowing hit the highest increase since late 2017. Total credit rose by $23.3 billion from the prior month. Revolving debt increased by $10 billion, the highest since November 2017. The growth of non-revolving debt, which … Continue reading →

In 2018, Congress funded the Temporary Expanded Public Service Loan Forgiveness Plan to help students having trouble qualifying for loan forgiveness. The U.S. Department of Education accepted one percent (1%) of the applicants in the first year of the program. … Continue reading →

The following 18 red flags will help to maximize chances at receiving a denial of a business loan applications: No Budget Minimal Understanding of Your Numbers Poor Credit Score or Credit References Interest Rate is Your Primary Concern Excessive Dependencies … Continue reading →

On August 23, 2019, the President signed into law four bipartisan, bicameral bills passed by Congress: the “Family Farmer Relief Act of 2019;” the “Honoring American Veterans in Extreme Need Act of 2019:” the “National Guard and Reservists Debt Relief … Continue reading →

Brett Immel, a former Chicago real estate executive, was convicted on August 26, 2019, by a federal jury, of fraudulently concealing income and bank accounts in his 2009 bankruptcy petition. Immel faces up to five years in federal prison for … Continue reading →