Personal Bankruptcy

One of the most common questions and concerns when it comes to filing for Chapter 7 Bankruptcy is that most people are worried that they are going to be labeled as deadbeats, immoral bad persons. Look, nothing could be further from the truth. The fact of the matter is that 1 in every 70 Americans [...]

When Creditors Won’t Reaffirm
By Jacqueline S. Edington, Paralegal
            Bob (not his real name) filed a chapter 7 bankruptcy.  Bob stated that his intentions on a 2007 motorcycle were to reaffirm.  In the usual frame of time Bob received his Order in No Asset, meaning Discharge was right around the corner.  Bob realized that he had [...]

Normally a second mortgage lien can not be removed in a chapter 7 bankruptcy.  However, if the creditor has put a “judgment” lien on the home instead of a “mortgage” lien; it can be done.  We recently had a debtor who is buying a home valued at $250,000, due to the first mortgage, there is [...]