Every person who files a bankruptcy case is required to attend a section 341(a) “meeting of creditors” — although for most, this meeting doesn’t involve creditors at all. Usually, the meeting lasts about ten minutes, and it consists of your answering questions from the trustee about your financial affairs. Unless your financial affairs resemble those of [...]
November 2009
Of no surprise to this Jacksonville Bankruptcy Lawyer, The Wall Street Journal reports a record 14% of American households with mortgages were behind on payments or in foreclosure in the third quarter, according to the Mortgage Bankers Association. The new figures, according to The New York Times, . . . underlined the level of stress [...]
The Wall Street Journal reported yesterday that “HSBC Sees Subprime Salvation.” If this is “salvation” then we truly have driven expectations into the ground. HSBC, the large subprime mortgage lender also known as Household and HFC, has filed quarterly reports indicating things are improving for mortgage lenders. Here’s what constituted “good news” these days. HSBC [...]
A chapter 13 case can last from several months to several years (but no more than five years). Over this amount of time, things can change–jobs can change, expenses can change, any number of things can change. Because of this, it is not unusual for folks who are in a chapter 13 plan to experience [...]
Bankruptcy may be the right move for you, or maybe not. Â Bankruptcy lawyers will call what I’m about to say heresy, and I’m pretty sure I’m going to get flamed by my colleagues and friends for saying it. I’m willing to take the risk, and I invite everyone to submit their comments to this post [...]
