Bankruptcy

August 23, 2010

The Automatic Stay In Bankruptcy

The instant bankruptcy is filed, for either Chapter 7 or Chapter 13, a protective umbrella called the automatic stay is triggered which protects the debtor and […]
August 16, 2010

What is the Meeting of Creditors?

Between thirty (30) and forty (40) days after filing your bankruptcy petition, the randomly assigned Chapter 7 Trustee will hold a meeting of creditors.  During this […]
August 12, 2010

The Chapter 7 Discharge

The goal of any bankruptcy proceeding is to obtain a discharge of debts.  A discharge releases the debtor from personal liability from most debts and prevents […]
August 11, 2010

Chapter 13 Bankruptcy Or Loan Modification?

Rarely does a loan modification include a principal reduction.  The typical loan modification only deals with the first mortgage and will only reduce the monthly payment, […]
May 26, 2010

New HAMP Guidelines Take Effect June 1, 2010

The federal government provided new Home Affordable Modification Program (HAMP) outreach and communication guidelines for foreclosure actions while evaluating the borrower.  These guidelines provide additional protection […]