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Tag : bankruptcy code

Citimortgage Agrees to 90% Settlement of Junior Mortgage After Bankruptcy

Chapter 7, Judicial Liens

A former debtor in a Chapter 7 bankruptcy case recently hired my firm to get rid of the lien that survived the bankruptcy.  This, in spite of the recent Supreme Court Decision handing banks yet another victory.  Read the New York Times (@NYTimes) Article, here. The Supreme Court ruling will now prevent underwater homeowners from […]

US Bankruptcy Court

Bankruptcy Law Overview

The Central District of California is the largest Bankruptcy Court in the United States. Presently, the District holds court in Los Angeles, Riverside, Santa Ana, Santa Barbara, and the San Fernando Valley. The Central District of California covers approximately 40,000 square miles and stretches from the Central Coast area of the state eastward to the […]

The Automatic Stay Stops Your Creditors The Moment You File Bankruptcy

Automatic Stay, Chapter 13, Chapter 7

It seems rather simple to say that the moment your bankruptcy case is filed, this protective shield comes up to protect you from your creditors.  Technically, the Automatic Stay, found in 11 U.S.C. §362 is an injunction that arises by operation of law, hence the “automatic” part. It acts like a Super Hero to protect […]

Grounds for Dismissal of a Bankruptcy Case

Automatic Stay, Bankruptcy Law Overview, Chapter 13, Chapter 7

I’m continuing my studies toward legal specialization in bankruptcy and want to share with you the general grounds for dismissal of a bankruptcy case. There are several ways your bankruptcy case can be dismissed. Once a bankruptcy case is dismissed, the case is terminated and the creditor’s collection rights at state law are no longer […]