Archive for December 3rd, 2007

Sub-Prime Lenders Loosening Up? »

By Kurt O'Keefe, Attorney at Law on Dec 3, 2007 in Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Protection, Foreclosure Issues, Michigan, Mortgages, Predatory Lending | 0 Comments

In recent weeks, I have seen two cases of mortgage companies actually reducing balances and changing ARMs to a fixed rate.
One was a month after the foreclosure sale at which the mortgage company got the house back, subject to Michigan’s six month redemption period.
Like the no holds barred lending [...]

Popularity: 30% [?]

Means Test: Don’t Give Up, Even If You Think You Flunked It, Part 6 »

By Craig Andresen, Attorney at Law on Dec 3, 2007 in Bankruptcy Practice and Procedure, General Bankruptcy Information, Means Testing | 0 Comments

The “means test,” or Form B22, is a financial report analyzing your income and expenses which must be filed as part of a consumer bankruptcy case.  You usually have to pass the means test to file a chapter 7.  The means test can also have a major impact on how much your chapter 13 payment must be.  A [...]

Popularity: 16% [?]