Whether or not you will be able to keep a house after filing for bankruptcy will depend on several factors. Are you current on the mortgage? If you are current on the mortgage you can continue to pay the secured debt in a Chapter 7 bankruptcy while getting rid of your unsecured debt such as [...]
August 2009
One of the most enduring myths about the law is that spouses are legally responsible for each other’s debts — but it simply isn’t true, not even in a community property state. Why, then, do so many people seem to “know” this is so, when it’s just a myth? The answer probably lies in the [...]
If a relative dies owing money at the time of death, the debts are not inherited. According to North Carolina laws, and likely other states, those debts might have to be paid from property owned by the person who died, but if the deceased didn’t own property then the debts may have died with the [...]
The meeting of creditors in a normal consumer Chapter 7 Bankruptcy is often the last thing that the debtor has to do. There is a debtor education course that has to be finished after the bankruptcy is filed, and it must be completed within 45 days of the meeting, but most debtors get it [...]
In Brooklyn, justice may be small but it takes bites out of national bank’s errors in foreclosures one step at a time. Justice Schack is not afraid to throw out cases when faced with errors and outright untruthfuly affidavits from national mortgage companies.
Credit freezes are one of the most effective tools against ID theft available to consumers. A credit freeze allows you to seal your credit report and it can only be thawed if you use a PIN (personal identification number) that only you know so that a legitimate application for credit and/or services can be processed. It is an [...]
