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Tag : Chapter 13

Mortgage Forensic Loan Audits Scam Alert

Bankruptcy Law Overview, Chapter 13, Foreclosure, Modifications

California’s mortgage crisis is out of control. The sub-prime lending didn’t end until late 2007 and into early 2008 when the economy collapsed. What further frustrates our sunshine state’s mortgage problems is that we were sold Jumbo loans due to our high property values. A Jumbo loan is a mortgage loan in an amount above […]

IRS Tax Bankruptcy

Chapter 13, Chapter 7, Taxes & Bankruptcy

Do you owe taxes?  Many who do find themselves facing federal income tax collections and incur penalties, fines, bank levies, or even tax liens when the IRS pursues collections.  Did you know that some taxes can be eliminated and discharged through bankruptcy?  Did you know that bankruptcy can potentially remove tax liens? There are Five […]

What Is A Landlord To Do When a Tenant Files Bankruptcy

Bankruptcy Law Overview, Chapter 13, Chapter 7

As the economy continues to lag, many renters are creating more problems for landlords when they cannot pay their rent.  The duties imposed on a landlord are stringent enough, but what is a landlord to do when the tenant they want to evict files for bankruptcy protection?  The American Bar Association provides this publication that […]

Help With More Than $20,000 In Debt

Bankruptcy Law Overview, Chapter 13, Chapter 7

Finding yourself in debt more than $20,000.00 can be very scary.  Maybe you lost your job, income reduced, or recently graduated from college only to find there are no jobs.  These situations can seem disastrous and devastating financially.  The hardest thing to see is an answer to the problem, let alone finding the right answer.  […]

Chapter 13 Bankruptcy Stops Foreclosure

Chapter 13

It seems like the mortgage crisis is over and we’ve all moved on to better days.  Have we really?  I recently read an article that discussed whether adjustable rate mortgages are coming back too soon.  Adjustable rate mortgages were being sold all the way into 2008 when the economy nearly collapsed under the toxic securitized […]

Bankruptcy Myths Busted

Chapter 13, Chapter 7, Debt Collections

Too often we hear tough economic times, but bankruptcy filings have dropped nearly 25% over the last year and home prices have risen at the same pace. This might not be a good thing because many who have needed to file for bankruptcy may have been too broke to file. It costs $306.00 in court […]

Loan Modifications & Eliminating Junior Mortgages Save The American Dream

Chapter 13, Foreclosure

Over at Fox News, a reader asked the question, Should I take Loan Modification While in Chapter 13?  The reader was nervous about taking a loan modification that offered a temporary 2% interest with a cap at no more than 4% through the remainder of the mortgage.  They also needed to know what would happen […]

Student Loans: No Way Around; Maybe A Way Through

Chapter 13, Chapter 7, Student Loans & Bankruptcy

This morning at a breakfast networking mixer, I met a gentleman who, after meeting me, asked me if there was a way around student loans.  I replied, “There isn’t a way around student loan debt, but there are a few ways through it.”  Ever since winning at trial, discharging more that $57,000.00 in student loans […]

6 Steps To Financial Freedom From Debts

Bankruptcy Law Overview, Chapter 11, Chapter 13, Chapter 7

You’re in debt up to your eyeballs and the prospects of paying it all back can take more than a decade to clear the way.  You’re not getting any younger and have plans to either keep your current home, or buy a home before you retire.  Speaking of retirement, you haven’t even considered that because […]

No Interest Debt Consolidation; 5 Year Repayment Plan

Chapter 13

Consolidate your debts into one easy payment and pay ZERO interest (to unsecured creditors) for 5 years.  100% repayment of all your debts without paying interest sounds too good to be true?  It is true.  However, there is a catch. You can accomplish this through a Chapter 13 bankruptcy repayment plan. If you’re struggling to […]