I'm a certified specialist in bankruptcy law (California State Bar Board of Legal Specialization) practicing in the San Francisco Bay Area for more than 30 years. In addition to practicing bankruptcy law, I train new practitioners at Bankruptcy Mastery.

 

Author: Cathy Moran, Esq.

10 May Why Your Bankruptcy Discharge Doesn’t End Your Case

parallel tracksIsn't my case over? I got my discharge. Why's the bankruptcy trustee still hounding me?,my client asks. People who've filed bankruptcy are focused on the discharge as their goal. With their discharge in hand, they think it's all over. They lose sight of the fact that the administration of a bankruptcy estate by the trustee runs on a parallel track to the one that leads the debtor to a discharge.
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09 Apr Mortgage Servicer’s Biggest Jackpot Is Home Insurance

jackpotHow would you like to pay for my spring vacation to Maui? Or make my house payment this month? What? you howl. What do I get out of paying your bills? Good question. Please repeat that question when your mortgage lender gets you to pay for insurance on your home that protects only the lender. I'm talking about force-placed insurance. The insurance that your mortgage lender arranges when you let insurance on your property lapse or when you fail to name the lender as an additional insured on the policy. Your mortgage requires that you keep the property insured. When you let the insurance lapse, what happens? The lender charges you an inflated price for the required insurance that does not protect you or your property at all.

False economy

I saw this scenario this week in a pending Chapter 13 case for a lady trying to catch up on her mortgage.
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