Number 4. You received a Summons and Complaint for foreclosure. Now you are being sued by your mortgage company and in danger of losing your property. You have a short period of time to respond, usually 30days or less in Illinois. Number 3. You received a letter from a collection lawyer giving you a deadline … Continue reading Call A Foreclosure Defense Attorney
One of the drawbacks to filing chapter 7 bankruptcy is that you may lose some of your stuff. Chapter 7 bankruptcy is a liquidating bankruptcy – meaning if you have assets that you own free and clear of any liens and that are not protected under one of Arizona’s exemption laws, then in chapter 7 … Continue reading Sell My Stuff Before Bankruptcy?
Bankruptcy can stop collection and eliminate tax debt in many situations. For more details on tax discharge see the article I wrote about Bankruptcy Tax Discharge on my personal site. While bankruptcy can be a very useful tool in dealing with the Internal Revenue Service and state collectors, it will not solve all problems. In … Continue reading Bankruptcy Doesn’t Eliminate Tax?
The term debt relief agency appears in a legal context for the first time in bankruptcy law in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [The Act]. The first chapter of this new bankruptcy reform law can be found at Title 11 U.S.C. 101. This is the General Provisions chapter and it … Continue reading Debt Relief Agency In Bankruptcy Law?
Once you file for bankruptcy, you get automatic stay which means your creditors are to leave you alone. However, at times you will still be harassed by a persistent creditor who either ignores the bankruptcy notice or was not informed of your bankruptcy and keeps phoning you or sending demand letters in the mail. Of … Continue reading Troublesome Creditors in Bankruptcy
One of the most dreaded things anyone can face is the foreclosure of their home. This is because foreclosure threatens our basic need for security. But if debts are mounting and you fall behind in your mortgage payments, it is only a matter of time before your bank takes foreclosure action. Is there anything you … Continue reading Bankruptcy and Foreclosure
For the last few years, I have witnessed a steady stream of homeowners flowing through my office who are dumbfounded by their inability to get a mortgage modification. And for years, I have been telling them all the same thing: YOUR SERVICER DOESN’T WANT TO MODIFY YOUR LOAN! The truth of the matter is that, … Continue reading No Modification for You!
One of the concerns about filing for bankruptcy is that those folks will never be able to obtain credit again after filing for bankruptcy protection and assistance. Most times, nothing could be further from the truth as bankruptcy may actually improve folks’ credit score, according to my clients’ experiences (and as explained by Smart Money … Continue reading Bankruptcy Wont Ruin Future Credit
Buy a home after bankruptcy? Seems like a stretch for all but those who win the lottery once the discharge is issued. But play your cards right and you could be worrying about scheduling a closing date sooner than you ever thought possible. After filing bankruptcy, you’re debt free. No more calls, no more lawsuits. … Continue reading Time To Buy Home After Bankruptcy
The inexpensive situation offers pressured several straightforward customers uncover methods for dealing with debts they have accrued whilst holding onto their particular assets as well as living an average lifestyle. Among such possibilities is becoming declaring bankruptcy. In the last 12 months there is a new one-third increase in a bankruptcy proceeding filings, and also … Continue reading Personal Bankruptcy & Car Insurance