| Volume 40 Number 5 |
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The People’s Lawyer’s Tip of the Day
Money, Credit and the Law—Know Your Rights!
In today’s economy, more and more people are having trouble keeping up with their bills. This video, produced by the Center for Consumer Law, provides help managing your finances, and explains how knowing the law gives you the flexibility you need to deal with creditors and debt collectors. Click here for more.
Banks to Collect $38 Billion in Overdraft Fees
This year, banks will collect $38 billion in overdraft fees. Ninety percent of the $38 billion will be paid by only ten percent of consumers. By contrast, in the year 2000, overdraft fees topped out at $19.9 billion. In an unusual move, overdraft fees actually increased during the current recession. How is the United States government leading the charge on mandatory overdraft fee increases? Click here for more.
All-You-Can-Fly for $599
How often do you fly? If you answered more than once a month, you're in for a treat! If you purchase before August 21, 2009, JetBlue will allow you to enjoy unlimited flights for one month for only $599. The program covers all JetBlue cities. Find out how to take advantage of this unique offer! Click here for more.
Chevrolet Volt - Examining the Claims
Chevrolet claims that the new Chevrolet Volt get 230 miles per gallon. However, although true statistics are still unclear, the 230 mpg claim may end up the "exaggeration of the century." What did Consumer Reports find out about the Chevrolet claims? Click here for more.
Your Money
How long will it take you to pay off your line of credit? Click here for more.
For the Lawyers
Debtor can deduct mortgage payments for means test calculation. The First Circuit has held that a Chapter 7 debtor could deduct mortgage payments due for property he planned to surrender for the purpose of determining whether he satisfied the Bankruptcy Code's new means test. Click here for more.