Personal Bankruptcy

There is little doubt that most people and businesses are glad to see 2009 pass, but what does 2010 hold in store particularly when it comes to bankruptcy filings? Let’s take a look.
The 2009 calendar year saw the bankruptcy filings of companies that were once thought impervious to such a development. Two that immediately come [...]

Most people shudder at the thought of filing bankruptcy. An emotional response is natural, yet it also may cause unnecessary delay. Over a short time, procrastination limits options, wastes payments, and causes asset loss. You could easily prevent these poor results by reviewing your options early using a common sense approach.
The best plans exploit the [...]

How Federal Laws Can Be Helpful to You? (ii)
Real Estate Settlement Procedures Act (RESPA)
RESPA was designed to give home buyers and sellers better disclosure of settlement costs; and to elimination of kickbacks or referral fees that tend to increase unnecessarily the costs of certain settlement services.
Prohibition Against Kickbacks and Referral Fees
12 U.S.C. §2607(a); 24 C.F.R. § [...]

5 Common Mistakes Bankruptcy Clients Make
Bankruptcy is governed by Title 11 of the United States Codes. Oftentimes, what makes sense in bankruptcy world does not make sense in everyday life. Here are the top 5 mistakes potential bankruptcy clients make.
1. Selling assets in an attempt to get out of debt
What assets you can keep in [...]

The election of Chapter 13 increases options available when filing bankruptcy. In exchange for at least partial payment on all debts, the added benefits in Chapter 13 frequently make it the best choice. You may include back taxes, past due mortgage payments and a wide variety of priority debts in the plan. The partial payment [...]

 
Foreclosures are regulated by state law in every county and parish within the U.S. The process is always similar. Each mortgage holder must receive notice of the intent to foreclose and has a right to bring payments current. The typical notice period is 30 days, and notices are published as a public record. In the [...]