Marco Rubio does financial status matter for the presidency?

Many of us wonder what it takes to be a good president. Do you have to have a strong moral character? Do you need experience in other higher offices? Do you need to have a consistent voting record? One of them most interesting questions this election year is, however, is whether or not your personal finances speak to your ability to effectively manage America’s economy.

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HOA dues can the HOA really foreclose on our house?

Recently on our legal forum a user asked, “We bought a house in a subdivision with a homeowner’s association. We are current on our mortgage, but we have not been able to pay our HOA dues. Can the homeowner’s association (HOA) force us out of our home and foreclose on us if we cannot pay our HOA dues?”

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Wage garnishments are they stopped by bankruptcy?

Recently on our forum a user asked, “We have a court ordered wage assignment against a debtor who recently filed for bankruptcy. We have been ordered by the debtor’s attorney to return some of the money we received. I am confused why the bankruptcy filing is affecting our wage assignment.”

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Hospital suing me for medical bills what are my rights?

Trillions of dollars are spent each year for healthcare in the United States. In fact, US healthcare spending relative to GDP is about 50 percent more than many countries, including Australia, Canada, Denmark, France, Germany, Japan, the Netherlands, New Zealand, Norway, Sweden, Switzerland and the United Kingdom. Unfortunately, many US citizens are saddled with thousands of dollars in medical bills that they cannot pay.

Recently on our bankruptcy forum a user asked, “I have a chronic health condition and no healthcare insurance. I have thousands of dollars of medical bills that I cannot pay. What are my options if a hospital is suing me for repayment?”

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Statute of limitations of debts do I have to pay?

A promissory note is the legal agreement between a debtor and creditor which outlines, in writing, the amount loaned and the amount of time that the debtor or payee will have to repay the loan.

Recently on our bankruptcy forum a debtor asked, “We signed a promissory note with a private lender and the note had a specific maturity date. We failed to meet the terms of the loan agreement, but we never heard from the lender. We expected them to send a demand letter but it has been eight years and we have not heard from the lender. Are they legally able to come back to us and collect the debt after all of this time?”

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Cross-collateralization and the rights of a credit union?

Recently on our bankruptcy forum a user asked, “I have an unpaid, unsecured, personal loan through a union. I also have a car loan with the same credit union. I found out that the credit union has placed a lien on my car. They described this as cross-collateralization. What does this mean and is it legal?”

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Unpaid private student loan debt what are my options?

 

Recently on our legal forum a user asked, “I have not been able to pay my college loans. The college has served me court papers and is now taking me to court. I am unemployed, pregnant, and have a 2 year old son. What happens if they win a judgment against me and what are my options?”

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