Federal Foreclosures Offer Flexibility At A Price

Foreclosures are amongst the most local kind of law there is: every state and county has its own procedure for allowing lien creditors the right to force a sale of property to pay down the debts secured by the real property in its jurisdiction. In judicial foreclosure states, the note holder files a lawsuit asking […]

The Home Mortgage Reaffirmation Trap

This is a difficult question to answer because reaffirmation defeats the whole point of most bankruptcy cases, which is to obtain a discharge of your debt.  By reaffirming any given debt, even though you’ve received a discharge in bankruptcy the reaffirmed debt survives discharge and if you default later you can be sued, the creditor […]

Is the US heading for a new wave of foreclosures?

Atlanta-based mortgage servicer Ocwen Financial is a player in hundreds of thousands of homeowner bankruptcies each year, and for a good reason: Ocwen services mortgages worth over $82 billion. Ocwen’s primary clients are the major mortgage lenders: BNY Mellon, Citibank, Deutsche Bank, HSBC, US Bank, and Wells Fargo. These investors are apparently furious with Ocwen […]

Assets Seized? Exemptions Are Available Without Bankruptcy

Sometimes clients need to delay fiiling bankruptcy. This delay may result for a number of reasons, including that you want to let certain taxes become dischargeable, you may want to wait until after the preference period has expired, or for some other timing reasons. Unfortunately, if judgment creditors are seizing assets clients feel exposed if […]

Can I File a Maryland Bankruptcy if I’m Current on my Bills?

There’s nothing typical about Maryland bankruptcy cases. Each case is different based upon the client’s income, expenses, assets and debts. Many people have defaulted on their bills for months or even years before they file for bankruptcy. Others struggle from month to month making mimimum payments and have credit scores in the 700s. Whether you’re […]

Does Your Baltimore County Bankruptcy Have a Disputed Claim?

When you’re completing Baltimore County bankruptcy schedules and forms, you have to answer whether any of your claims are contingent, liquidated, or unliquidated claims. Unliquidated claims are also known as disputed claims. The bankruptcy schedules and forms for Delaware, Maryland, Pennsylvania, or Virginia bankruptcies all ask you to provide this information. So let’s talk about […]

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