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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "disabled"

Do both spouses have to pay on a joint student loan consolidation if one becomes disabled?

There are two sets of loans in a federal consolidation. But one spouse became seriously disabled and is having a dismissal on his part. All that is left is the other spouse, yet both spouses took out the consolidation. What happens? does it just become the wife’s consolidation or are both still held to it. It doesn’t make any sense if the husband is right back at it and is at risk of a future default. The husband will always pay on the wife’s loans, able to or not. One of you got confused here. the only thing I’m asking is if just the disabled spouse keeeps paying on the other, the loan by the non disabled is still a ongoing loan. Just the obligation of the disabled spouse only. that … Read entire article »

Filed under: Student Loan Help

Prime Minister Harper Allows Powerful to Abuse Disabled

Nortel disabled employees asked Prime Minister Stephen Harper to correct an abuse by their employer who provided bogus disability insurance and wrongfully removed $75 million from their health and welfare trust. PM Harper stonewalled them for 18 months, turning down two disability bills using excuses supplied to his government by the insolvency lawyers, bankers and junk bond owners who took the disability insurance of the Nortel disabled. Bankers and bond owners insure their losses with credit default swaps and yet this government assists them to make a higher return by taking the insurance money of the disabled. This money does not rightfully belong to the creditors. Since disabled persons are less than 0.9% of the workforce and the cost of disability insurance is less than 1.5% of payroll, the impact … Read entire article »

Filed under: Insolvency

Episode 1: Sept. 15th Press Conference-Arlene: Professional Pack Trounce Disabled

Professional Pack in Nortel’s Bankruptcy Proceeding Trounce the Company’s Disabled Employees While Allowing Benefit Trust To Be Drained Arlene Borenstein – Press Conference – September 15th, 2010 … Read entire article »

Filed under: Insolvency

Prime Minister Harper Allows Banks to Abuse Disabled

Prime Minister Harper is burying the disabled when he refuses to amend bankruptcy law to give priority for disability insurance provided by employers. This decision forces Canadian disabled employees into poverty when their employers go bankrupt. He listens to the Canadian Bankers Association, who has done no research on unsafe disability insurance. Policyholders at insolvent insurance companies get priority over the creditors and this must be the same for employers playing the role of insurer. Where disability insurance is provided by the employer, it must have priority over the creditors at the bankrupt corporation. Disability insurance at insurers has: (1) a requirement for disability income reserves, (2) policyholders are ahead of the creditors at insolvent insurers, and (3) there is Assuris to provide further protection of disability insurance after the … Read entire article »

Filed under: Insolvency

Senator Art Eggleton and Nortel disabled employee Jackie Bodie on CBC Power and Politics

Filed under: Insolvency

what is the eviction process during a foreclosure when two disabled persons are involved?

Just curious, we have friends an older couple both disabled, who are currently in foreclosure, they have yet to be evicted and have an attorney working for them, but I want to know if they are evicted how is that handled can’t seem to find anything on the web to answer my question…. anyone have any input…they reside in the State of Ohio…are rule different for every state? … Read entire article »

Filed under: Foreclosure Law

Episode 2: Sept. 15th Press Conference-Peter: Professional Pack Trounce Disabled

Professional Pack in Nortel’s Bankruptcy Proceeding Trounce the Company’s Disabled Employees While Allowing Benefit Trust To Be Drained PETER BURNS – Press Conference – September 15th, 2010 … Read entire article »

Filed under: Insolvency

Episode 3: Sept. 15th Press Conference-Greg: Professional Pack Trounce Disabled

Filed under: Insolvency

Rights For Nortel Disabled Employees Group Fighting For Protection of Disability Insurance

Canada is not enforcing its laws for the trust accounts specifically created to secure and protect the lives of its long term disabled employees. Denying lawsuits against trust governance committees and third party trustees not enforcing common law on breach of fiduciary duties Not enforcing protections for Trust Accounts in CCAA and BIA, where there are MISAPPROPRIATIONS for trust accounts while the debtor is acting is acting in a fiduciary capacity. Not enforcing trust statutes Reading new terms into Health and Welfare Trust Agreements to enable a settlement for the claims of Pensioners’ TERM Life Insurance Premiums that are in respect of a yearly premium for Group Term Life Insurance and due in the FUTURE, in addition to being an OBLIGATION OF NORTEL and not the NORTEL HEALTH AND WELFARE … Read entire article »

Filed under: Insolvency

I need help with laws in Washington state having to do with disabled people and modification loans/foreclosure?

Is there a law in the state of Washington that states that the bank cannot take away a home or put it on foreclosure if a disabled/ handicapped person lives in that home? If so, where can i find this law? … Read entire article »

Filed under: Foreclosure Help

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