Filing forChapter 7 bankruptcyorChapter 13 bankruptcyprotection will freeze attempts by your mortgage company to seek foreclosure. Bankruptcy can also eliminate credit card debt, end wage garnishment and stop a bank levy. You do have options and you can find relief from financial strain. ...
Ownership Can Follow Foreclosure or Bankruptcy
Bankruptcy & Foreclosure - Do you feel like you are drowning it debt? Have your medical or credit card bills gotten out of hand? Are you a victim?
That makes it essential for you to tell your bankruptcy lawyer and the court all parties who have claims against you. Neither the automatic stay nor discharge applies to any creditor you failed to identify on your papers and who did not notice your filing. The Types Of Bankruptcies The compli...
Loans that are backed by the federal government have benefits that you can’t find elsewhere. However, the benefits come with a price: these loans can’t be discharged in bankruptcy. Deferment You can stop making payments temporarily if you qualify for a deferment, giving you time to get...
Chapter 13 lets the party keep their assets and pay for debts that cannot be included in the bankruptcy filing. It also stops a foreclosure in its tracks by letting the owing party time to update payments. Parties can file for Chapter 13 bankruptcy if their unsecured debt goes below $419,...
(2) Foreclosure Attorney Retained by the Lender The foreclosure attorney begins the foreclosure process. The foreclosure attorney will send a formal letter to the homeowner requesting full payment of all past due payments prior to filing a foreclosure lawsuit. ...
The Bankruptcy code and the Trustee in Bankruptcy give him a nuclear option. In fact it provides all the helpless elderly victims of America’s modern Holocaust a remedy. The Bankruptcy Judge is not running mortgage foreclosure mill weighed heavily toward ethically challenged creditors, nor is he ...
New Mortgage Servicer Rules Can Slow Foreclosure for Some 15 related questions found How can I save my home from foreclosure? If you're facing foreclosure, you might be able to stop the process by filing forbankruptcy, applying for a loan modification, or filing a lawsuit. If you're behind...
The bankruptcy court lifted the stay. But the bank did not work with plaintiff in an attempt to reinstate and modify the loan. Rather, it completed the foreclosure. Plaintiff filed this action against the bank, alleging a cause of action for promissory...