BankruptcyLawNetwork

What’s Baseball Got to Do with Bankruptcy?

03/31/13

Batter Hitting Baseball
NATIONAL LEAGUE CHAPTER 13 TRUSTEES
vs.
AMERICAN LEAGUE CHAPTER 13 DEBTORS

[more]

5 Ways To Celebrate Financial Literacy Month

03/31/13

Post image for 5 Ways To Celebrate Financial Literacy Month

Financial Literacy Month begins tomorrow and continues until May rears its head. Why not turn it into a party?

[more]

Trustee Sells Home If Defective Mortgage

03/27/13

If the mortgage on your home is defective, a chapter 7 trustee can sell the entire home even if you’re current with your payments and despite the absence of a payment default.   You get any equity – and good luck with obtaining a new mortgage – but the mortgage balance goes to your general creditors which now will include the mortgage lender.

Ouch!!  That certainly can hurt.

[more]

Filing Bankruptcy? Beware of the Unexpected.

03/27/13

This is a tale of two families who just wanted to protect their homes. The older couple wanted to protect their residence from the possibility that they might lose it if they had to go to a nursing home. Their daughter and her husband were having trouble paying the monthly mortgage payment on their home. They had incurred high medical and credit card debts and the husband’s employer had cut down on the hours that he could work each week.

[more]

Did James Bond File Bankruptcy in Texas?

03/25/13

Bankruptcy is not a good place to hide out if you are a super-spy.  Your (financial) life is an open book and your (expensive) toys end up on the auction block.

So did James Bond try to evade his enemies by filing bankruptcy in Dallas back in June, 2012?  The clues are tantalizing in a Dallas Chapter 7 case.

[more]