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Archive for May, 2008

The Who, What, When, & Where of Bankruptcy Appeals »

The who, what, when, and where of bankruptcy appeals can be tricky.  The following is a brief and very general roadmap to bankruptcy appeal filing:
Who:  The Debtor
If you liked that post, then try these…Bankruptcy In Florida: Carmen Dellutri’s 2008 Predictions Part I by Carmen Dellutri, Attorney at LawSouth Carolina Homestead Exemption by Däna Wilkinson, [...]

Does It Matter If A Creditor Intended to Violate The Automatic Stay? »

When debtors attorneys file motions against creditors who violate the automatic stay, creditors often try to argue that they did not intend to violate the stay. If that is their only argument…they lose.
Last October, Nicholas Ortiz wrote on these pages about what is required to show that a creditor violated the automatic stay. [...]

Adjustable Mortgage Remedies in Massachusetts »

One Massachusetts judge in particular took a courageous step to stop unfair foreclosures.  On February 25, 2008, Superior Court Judge Ralph D. Gants ruled that adjustable mortgages were presumed to be unfair and in violation of Chapter 93A, the Massachusetts statutes prohibiting unfair and deceptive trade practices, if a mortgage had (1) interest which adjusted within [...]

What Happens If I Am A Renter Filing Bankruptcy And My Landlord Is Trying To Evict Me? »

While back rent is dischargeable in a bankruptcy proceeding, your landlord has options when you file for bankruptcy.   Timing is everything in this situation.   If your bankruptcy is filed BEFORE the state court enters an eviction order, then the automatic stay kicks in and you are protected, as my colleague, Stephen Otto, of Penn., explained [...]

Surrendering Rental Property in Chapter 7 or Chapter 13 Bankruptcy »

Because of the new “means test” forms created as part of the 2005 Bankruptcy Reform Act, rental property which is to be surrendered in bankruptcy can be problematic.  Prior to the law change, it was common for owners of rental property with no equity, and which the owner intended to surrender, to keep payments from [...]

Horror Stories Sometimes Wash Up In Bankruptcy court »

Bankruptcy is a tragedy to most people. But actually debtors bring their tragedies to court with them and the court must deal with the fallout. Sometimes those tragedies are gut-wrenching.
This week the Eighth Circuit Court of Appeals handed down one of these decisions. The case involved the 2001 death of a young [...]

Co-Signed Car Loans »

Yes, Virginia, you are responsible.  You can go after your cousin or best friend or son after that person defaults on the loan and you’ve paid the lender, but the lender can come after you.  Make no mistake about this.  You signed on the dotted line, and you stuck your neck out.
The person owning the [...]

Debt Settlement Agencies: For Most, a Trap to be Avoided »

In the past several years, there has been dramatic growth in the visibility of so-called debt settlement agencies. These are firms which advertise their supposed ability to “cut your credit card payments in half,” or promise they can “settle” your debt for only a small portion of what you owe — without filing bankruptcy.
This [...]

BLN Blogger Robicsek Recognized by National Bankruptcy Attorneys Group »

Bankruptcy Law Network’s own Susanne Robicsek of Charlotte, N.C., is recognized as member of the month in the National Association of Consumer Bankruptcy Attorneys newsletter released today.
NACBA recognizes members who give generously of their time, energy and finances toward its goals which benefit consumer debtors and other bankruptcy attorneys.
She is a founding member of the [...]

What Is A Motion For Relief Of Stay: Chapter 7? »

Most Debtors always get notices in the mail 30 to 90 days after filing for Chapter 7 relief concerning property they own.  In most cases, they have no idea what it is.  Chances are, it’s a Motion for Relief of Stay(MFRS).  Usually your attorney explained this event and this notice should come as no surprise.  But [...]