foreclosure Tag

07 Aug Bankruptcy and a Motion To Suspend

A Chapter 13 bankruptcy is a bankruptcy where you can adjust your debts and "keep your stuff" as one trustee says. During the lifetime of the Plan you might fall behind on the payments that you have agreed to make to keep your stuff. When this happens a Motion to Suspend the Plan payments can prevent your case from being dismissed while bringing the account current. However, it is not like winning the lottery as some debtors believe because there are restrictions and repercussions to filing a Motion to Suspend. Your Plan can only last 60 months and generally you can never fall behind more than two months worth of Plan payments before a Motion to Dismiss is filed in your case.
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14 May 50 Ways To Surrender Your Property In Bankruptcy

With apologies to Paul Simon: You Just slip out the back, Jack Make a new plan, Stan You don't need to be coy, Roy Just get yourself free Hop on the bus, Gus You don't need to discuss much Just drop off the key, Lee And get yourself free 50 Ways to Leave Your Lover Until you get the property out of your name, you are still responsible for it, a fact recently pointed out by my colleague, Jay Fleischman. You have to do something to get that property out of your name so you can walk away with peace of mind. How do you do it? As the song time suggests there are a myriad number of ways to transfer the title out of your name. Maybe there aren't 50 ways, but here are a few:
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