Last month, one of our local Congressmen, Bob Filner, took the extraordinary step to assist one of the many troubled San Diego homeowners, by helping to prevent an eviction after a foreclosure. Prior to this action, Congressman Filner had been attempting to help the homeowner with her own loan modification, as he continues to help over [...]
Congressman Filner (D-San Diego) helps stop an eviction, helps 150 others with ‘loan modifications’.
Bankruptcy can be complicated all on its own, but things can get even more tricky when you throw in the fact that it has already been addressed in a divorce. Let me explain. There are two categories of “divorce debt” in bankruptcy: “support” and “debt owed to a spouse, former spouse, or child of the [...]
Can you keep your home and file bankruptcy in Minnesota? Debtors filing for bankruptcy in Minnesota can exempt equity in a home and the land on which it is situated up to $360,000 in value. If the homestead is used for agricultural purposes, the Minnesota homestead exemption allows for a $900,000 exemption. Like many states, [...]
Thinking of scheduling a consultation with a bankruptcy attorney? Be sure to discuss how bankruptcy will affect your assets. Too much debt may be driving you to the verge of bankruptcy, however, it is your assets and income that will likely determine the success (or even the possibility) of your bankruptcy case. Of course, your [...]
With the temporary problems faced by the auto industry, Michigan has been one of the states hardest hit by the lingering recession. If you are considering bankruptcy as an option for dealing with financial problems in the Great Lakes State, we have compiled a short list of information that you should be aware of before [...]
I Live in Massachusetts and am Considering Bankruptcy. How Will I Get to Work? Can you keep your car and file for bankruptcy in Massachusetts? Debtors filing for bankruptcy in Massachusetts are entitled to a relatively small $700 car exemption. This means that any equity you have accumulated in your car that exceeds $700 is [...]