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Archive for March 9th, 2008

Bankruptcy Liability Discharge: In Personam vs. In rem. PART II of II »

In my first Blog, we explained the differences between in personam and in rem liability and how a discharge affects in personam liability, but not in rem liability. In this part II, we get a little more technical on what the elimination of the in personam liability is all about.

Bankruptcy Liability Discharge: In Personam vs. In rem. PART I of II »

What the heck does that mean? Sounds like Latin. Well, it is. And it is the this very threshold foundation of Bankruptcy that sometimes confuses people the most. When one gets a discharge, what exactly does that mean?

Bankruptcy and the price of procrastination »

Waiting to file bankruptcy cost one of my clients over $30,000 in payments to his Chapter 13 plan.  Despite having discussed bankruptcy with me for several years, he put his head in the sand and waited until there was a wage garnishment crisis.  When the dust settled, the price of his Chapter 13 plan was [...]

Lien Removal After Bankruptcy »

As noted in my earlier note, there are three types of liens that can attach to your property.  After filing for bankruptcy and discharging a debt associated with the lien, you can remove the lien from the property under certain circumstances.  It depends on the type of lien and the value of the property. 
Consensual liens [...]