By Jay Fleischman, New York Bankruptcy Attorney on Jan 30, 2007 in Foreclosure Issues, Mortgages | 1 Comment
This article from Sign On San Diego is a terrific resource on avoiding a foreclosure rescue scam. As we discussed in a recent post, there are unscrupulous companies that prey on people facing foreclosure. It’s important to always try to think as clearly as possible when facing the loss of your home, and [...]
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By Cathy Moran, California bankruptcy lawyer on Jan 30, 2007 in Discharge, What Can and Cannot Be Forgiven | 0 Comments
One of the basic concepts in bankruptcy is that a lien ( the legal interest of a creditor in a particular asset) passes through the bankruptcy proceeding unchanged, unless the judge makes an order otherwise.
The bankruptcy discharge eliminates the personal liabibility of the person who filed bankruptcy. After the bankruptcy discharge, the creditor with [...]
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By Andy Miofsky, Illinois Bankruptcy Attorney on Jan 30, 2007 in General Bankruptcy Information, Illinois | 1 Comment
The term “debt relief agency” appears in a legal context for the first time in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [The Act]. The first chapter of this new bankruptcy law can be found at Title 11 U.S.C. 101. This is the General Provisions chapter and it contains definitions of words [...]
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By Susanne Robicsek, North Carolina Bankruptcy Attorney on Jan 30, 2007 in General Bankruptcy Information | 1 Comment
The “old” bankruptcy law lives on within the new bankruptcy laws, but with major changes to how people file and some of it’s benefits.Some legal benefits that were available under the old law are not available under the new law. New forms are required, along with more detailed documentation. The requirements under the [...]
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