Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from November 19th, 2014 in which Michael Li, Esq., discusses Caesars’ corporate bankruptcy (1:15), liquidation vs. debt readjustment (8:00), the housing market (10:00), stripping off 2nd mortgage (12:15), chapter 7 vs. chapter 13 (15:30), Mortgage Modification Mediation Program (19:10), bank-owned real estate (24:30), eviction (26:15), chapter 7 exemptions (29:50) and unsecured […]
Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from March 26th, 2014 in which Michael Li, Esq., and Cliff Marcek Esq., discuss lawyers’ relationships with a judge (2:30), bankruptcy filings in Las Vegas (3:45), effects of bankruptcy (5:45), causes of bankruptcy dismissal (7:00), considerations for bankruptcy (8:30), Mr. Marcek’s professional experience (10:45), injury litigation (14:15), guardianship and […]
Black & LoBello on AM720 KDWN
Listen to the Legal Hour on KDWN AM720 from May 30th, 2012 in which Managing Partner, Tisha Black Chernine, Esq., hosts special guest, Randy M. Creighton, Esq., a bankruptcy attorney practicing at Black & LoBello. Mrs. Black Chernine and Mr. Creighton discuss misconceptions about bankruptcy (3:40), how to improve credit (8:15), the differences between chapter 7, 11 and 13 bankruptcies (10:15), […]
How To File Bankruptcy: The Series – Part 6
How To File Bankruptcy: The Series – Part 2
Qualify for a mortgage with bankruptcy
Contrary to popular belief, acquiring a mortgage after filing for bankruptcy is not impossible. The Federal Housing Administration insures mortgages despite bankruptcy, with seasoning requirements. Time Frame Per the FHA Guidelines, a debtor must wait at least two years after a Chapter 7 or 13 is discharged before you can qualify for a mortgage. FHA […]
Asset Protection from Bankruptcy
As part of an asset protection plan, people may place certain assets into a single member limited liability company (LLC) with the belief that these assets are protected from individual creditors. However, in the bankruptcy context, a single member LLC will not provide any asset protection for a person from their individual creditors. In multiple […]
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 for delinquent borrowers who have filed bankruptcy but would otherwise be eligible for HAMP benefits. Some key highlights from the directive include: FORECLOSURE The servicer must evaluate the borrower’s […]
“Developers victimized by commercial real estate slump” Tisha Black Chernine quoted in the Las Vegas Business Press
A Las Vegas Business Press article discusses the growing trend of lenders coming after developers for their personal holdings Read the full story here
Four Questions To Ask A Bankruptcy Lawyer Before Signing
Should I file for bankruptcy or do I have other options? While this question might be broad, it allows your lawyer to discuss all of your options. Your lawyer can discuss the benefits of Chapter 7 and Chapter 13, as well as options other than bankruptcy that you may not have considered yourself. This overview […]