Chapter 13 Bankruptcy

24 Mar What To Do If You Are a Creditor In a Bankruptcy?

Most of the posts on this blog, and in fact on most bankruptcy blogs, focus on the consumer as the bankruptcy debtor.  That makes sense--most bankruptcy cases involve a consumer debtor and a number of institutional creditors, like banks and credit card companies.  And those banks...

Read More

19 Jun Another Appeals Court Approves 2nd Mortgage Stripping in Chapter 20 Cases

The U.S. Court of Appeals, Eleventh Circuit, ruled that in a chapter 13 case filed within four years of a previous chapter 7 case (a so-called "chapter 20"), the chapter 13 plan could strip a completely unsecured junior mortgage. Wells Fargo Bank v. Scantling, No....

Read More

04 Apr Your House Is In Foreclosure: What Should You Do? Part Two

In Part One, I discussed some of the options you may consider when your house (or other property) is in foreclosure, namely mortgage modifications and short sales. This post will focus on whether a deed in lieu of foreclosure, or a Chapter 13 bankruptcy may...

Read More

17 Feb Last Day to Comment on New Chapter 13 Plan, Petition, Schedules, Means Test, Bankruptcy Rules Changes

The deadline for public comments to proposed changes to bankruptcy rules and official forms has been extended two days to Tuesday, February 18, 2014, at 11:59 p.m. eastern time. "Speak before then, and you may influence whether these forms,as written, are modified before adoption." -- Cathy...

Read More