Category Archives: Foreclosure

If I File for Bankruptcy, Can I Keep my Home?

Posted on September 26, 2013 by

The potential to lose your home can be one of the most stressful and emotionally trying aspects of going through a tough financial period in your life.  While some may consider filing for bankruptcy, many people fear that in that … Continue reading →

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Exemptions, Foreclosure, Homestead exemption, Protected Assets | Comments Off on If I File for Bankruptcy, Can I Keep my Home?

What is the Automatic Stay?

Posted on September 12, 2013 by

In Bankruptcy, an automatic stay protects a debtor from his or her creditors.  The automatic stay prevents a creditor from collecting on debts incurred by the debtor.  The automatic stay is effective immediately upon the filing of the bankruptcy.  As … Continue reading →

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Collection Harassment, Foreclosure, Secured Property | Comments Off on What is the Automatic Stay?

Why Should I file for Bankruptcy again if I am not Eligible for a Discharge?

Posted on June 12, 2013 by

Changes to the bankruptcy code have resulted in the implementation of time limits between bankruptcy filings and when a debtor is eligible to receive a discharge.  These time limits depend on the type of bankruptcy the debtor filed previously and … Continue reading →

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Collection Harassment, Discharge of Debt, Foreclosure | Comments Off on Why Should I file for Bankruptcy again if I am not Eligible for a Discharge?

Things to Remember when Surrendering your Home through Bankruptcy

Posted on March 14, 2013 by

Surrendering a home through a bankruptcy can seem like a simple solution to rid yourself of your responsibilities with a home; however, surrendering your home through a bankruptcy can become somewhat complicated.  One of the most important things to remember … Continue reading →

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure | Comments Off on Things to Remember when Surrendering your Home through Bankruptcy

Banks Agree to pay $8.5 Billion to Foreclosure Victims

Posted on January 24, 2013 by

The United States Comptroller of the Currency and the Federal Reserve announced on Monday, January 7, 2013, that many of the Nation’s largest banks have agreed to pay $8.5 billion in damages to millions of foreclosure victims who were affected … Continue reading →

Posted in Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure, Judgement Liens | Comments Off on Banks Agree to pay $8.5 Billion to Foreclosure Victims

Surrendering your House through Bankruptcy

Posted on September 20, 2012 by

Falling behind on your mortgage can be extremely stressful, and at a certain point, many people decide that they no longer want to keep the house that they own.  When you file for bankruptcy, you have the option to surrender … Continue reading →

Posted in Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure | Comments Off on Surrendering your House through Bankruptcy

What are your Options When your Home is Facing Foreclosure?

Posted on September 5, 2012 by

With the tough economic times, many individuals find themselves falling behind on their mortgage payments and facing foreclosure.  Something that may come as a surprise to some individuals is that filing for bankruptcy can be an option to help save … Continue reading →

Posted in Bankruptcy General, Chapter 13 Bankruptcy, Foreclosure | Comments Off on What are your Options When your Home is Facing Foreclosure?

Will Surrendering Property Forfeit a Debtor’s Homestead Exemption?

Posted on June 7, 2012 by

When a debtor files for a Chapter 7 bankruptcy, he or she can make use of certain exemptions. Exemptions allow a person to keep personal property, such as a home, car, pension and other personal items. Homestead exemptions can be … Continue reading →

Posted in Bankruptcy filing, Exemptions, Foreclosure, Homestead exemption | Tagged , , , , , | Comments Off on Will Surrendering Property Forfeit a Debtor’s Homestead Exemption?

Will Bankruptcy Stop Foreclosure?

Posted on May 23, 2012 by

While some consumers have been able to avoid foreclosure through loan modification, others complain that lenders often “lose” paperwork and then deny their modification because “the application was incomplete” or the loan modification process takes so long that the mortgage … Continue reading →

Posted in Foreclosure | Tagged , , | Comments Off on Will Bankruptcy Stop Foreclosure?