There is nothing more sacred to a debtor than the discharge of their debts that every debtor receives at the end of their bankruptcy case. Most debtors when they decide to file bankruptcy are resigned to the fact that they cannot pay their debts and what they seek most dearly is to stop the endless harassing phone [...]
What is the Rule With Bankruptcy and Co-Signers?
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Co-Signers and Bankruptcy Before filing for consumer bankruptcy protection a debtor should always consider the ramifications: how his or her family will be affected, which debts are able to be discharged etc. If any debt is secured by a co-signer, filing for bankruptcy could place the co-signer in the position of being compelled to cover [...]
Use Federal Law To Stop Creditor Harassment In Its Tracks
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Stopping Creditor Harassment Bankruptcy attorneys routinely meet with clients concerned about creditor harrasment. They’re getting called at work, they’re getting called at home, their relatives are even getting phone calls and they want it to stop. Now. If you’re being harassed by creditors, you need to be aware of two powerful pieces of federal law [...]
Is my lender more likely to modify my mortgage if I file for chapter 13 bankruptcy?
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Consumers are often surprised to learn that they can modify some secured debts, such as car loans in a chapter 13 bankruptcy. Unfortunately, legislation that would have allowed for debtors to modify first mortgages on their primary residences died this year in Congress leaving homeowners searching for answers. Even lenders that have received bailout funds are still [...]
How Can Bankruptcy Help You Keep Your Home, Stop Foreclosure and Modify Your Mortgage?
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Florida Homes are Underwater. Is Bankruptcy the Solution? So many homes in Florida are now worth less than their mortgages. Most folks that come to see me have a first and a second mortgage, or a mortgage and a Home Equity Line of Credit (HELOC) that together exceed the value of their home, preventing them [...]
Legal Actions After Bankruptcy
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Upon filing a Bankruptcy Petition, a stay of proceedings is entered by the Bankruptcy Court protecting property of the Estate from creditors. Pursuant to 11 USC 362(c)(1), that stay remains in effect until the property is no longer property of the estate. Property is longer part of an estate when the case is closed or [...]
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