Should You Sign A Reaffirmation Agreement?
Should you sign a reaffirmation agreement? A reaffirmation agreement removes a secured loan from your bankruptcy discharge. You will remain personally liable for the loan after your discharge is ordered if you sign such an agreement. You have the right to rescind a reaffirmation agreement at ...
Read More posted by: on: Aug 27, 2010 @ 06:07
Complaints against Discharge
Complaints against discharge filed by creditors. There is no set dollar limit that will trigger a complaint against discharge, however, the potential for a complaint increases for those individuals with significant unsecured credit card debt. In the two cases in which complaints were filed again...
Read More posted by: on: Aug 25, 2010 @ 10:44
Is it better to do a Loan Modification Before or After Filing Bankruptcy?
When a bankruptcy is filed, the mortgage servicer will transfer the file from the department it is in to the bankruptcy department.  The bankruptcy department NEVER picks up where the other department left off.  Therefore, if the modification is not final, then the debtors will need to s...
Read More posted by: on: Aug 20, 2010 @ 10:41
Preparing Yourself For Bankruptcy
Bankruptcy is one of the most difficult financial choices one has to make. Or rather should we say that people choose bankruptcy when they have no other choice? You need to prepare yourself well before your bankruptcy filing. The first step is to establish that you have explored and ...
Read More posted by: on: Aug 18, 2010 @ 11:50
Tips For Selecting The Best Denver Bankruptcy Lawyer
When you decide to hire a Denver bankruptcy lawyer or a Colorado bankruptcy lawyer, you should take caution in choosing an attorney based on his/her experience level rather than basing your decision solely on price. When you have reached bankruptcy, you cannot afford to make any mistakes.&nbs...
Read More posted by: on: Aug 04, 2010 @ 05:30
Should You Hire a Bankruptcy Attorney?
Is it Necessary To Hire A Bankruptcy Lawyer? Filing for bankruptcy is one of the most distressing times of one’s life. Bankruptcy is the last resort to deal with one’s overwhelming debt problems and this should be strictly sought only when there are no other options. When people do go for ban...
Read More posted by: on: Jul 21, 2010 @ 11:09
Marital Debt to Third Party Excepted From Discharge
Wodark, Glennette L; In re (Wodark v. Wodark) 20 CBN 648 (Bankr: 10th Cir: 2010). This case comes from the 10th circuit, in which Colorado is a member.  A husband and wife obtained a divorce and listed a debt in their divorce papers the wife was to be solely responsible for.  Th...
Read More posted by: on: May 04, 2010 @ 01:45
May remove 2nd mortgage in Ch.13 but not Ch.7
Grano, Jospeh S. and Ann; In Re (Grano v. Wells Fargo Bank) 20 CBN 438 (Bankr. W.D.N.Y. 2010) The holding of Dewsnup v. Timm, 502 U.S. (1992) continues to bind chapter 7 debtors. The Chapter 7 debtors filed an adversary proceeding against Wells Fargo Bank N.A. The debtors alleged that their home ...
Read More posted by: on: Apr 30, 2010 @ 10:22
Foreclosure sale validated after bankruptcy
Stay annulled to validate post-petition foreclosure sale In this case the debtor was ineligible to be a debt under section 109(h)(1) of the bankruptcy code. This did not render her bankruptcy a nullity, however, her failure to act in good faith warranted the annulment of the automatic stat and the...
Read More posted by: on: Apr 30, 2010 @ 10:12

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