Bankruptcy Blogs

Chapter 13 Bankruptcy in Miami: Wipe Out Second Mortgage

06/04/12

Chapter 13 bankruptcy is often used to save a person's home from foreclosure. Under chapter 13, you are allowed to stop the mortgage foreclosure case and catch your mortgage up-to-date. The chapter 13 plan usually involves paying off the mortgage arrearage over a 3 to 5 year period in addition to making your regular ongoing monthly mortgage payments.

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The Short Sale

06/03/12

The hottest topic in South Florida is the real estate "short sale." Actually a short sale is nothing new, but it now quite the vogue. A short sale basically means that the mortgage lender (or lenders) agree to satisfy its mortgage lien and allow the transfer of the real estate in exchange for receipt of less than the full amount of the amount due on its mortgage loan. In a short sale, the real estate is sold to a buyer who obtains a new mortgage.

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Budgeting After Bankruptcy (Part One)

06/03/12

Bankruptcy is about a fresh start, a new beginning.  For many people, that means establishing good spending and saving habits.

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Tax Consequences of Foreclosure or Short Sales of Certain Primary Residences

06/02/12

In December, 2007, Congress passed the "Mortgage Forgiveness Debt Relief Act of 2007" to alleviate tax consequence for some homeowners in foreclosure. The new Act excludes from gross income certain cancelled discharged "qualified principal residence indebtedness."

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Filing Bankruptcy in Ohio: What You Need to Know

06/02/12

Filing for Bankruptcy in Ohio: a Little Different Than the Rest of the Country No two bankruptcy cases are exactly alike. Although the bankruptcy code is organized under federal law and applies in similar fashion throughout the country, each state has its own laws that govern local bankruptcy cases. The Ohio legislature has enacted laws, [...]

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Ft. Lauderdale Broward Chapter 7 and Chapter 13 Bankruptcy Lawyer

06/01/12

Bankruptcy Attorney Jordan E. Bublick practices Chapter 7 and Chapter 13 bankruptcy law in Ft. Lauderdale and all of Broward County, Florida. Jordan E. Bublick has been a member of the Florida Bar since 1983. Chapter 7 bankruptcy is generally used by people who desire to discharge unsecured debt and who have little non-exempt property. Chapter 13 bankruptcy is used to reorganize secured and unsecured debt as well as to discharge unsecured debt.

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The Broke and the Beautiful: Heavy Hitters Edition

06/01/12

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury investigation. Also, former football great Jamal Lewis has hiked himself to bankruptcy court.

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Plans for Utah Resort Go Up in Flames

06/01/12

People in glass houses shouldn’t live near firing ranges. Unfortunately, developers trying to build the Deer Island Resort along Salt Lake City’s mountain-encrusted perimeter learned that lesson the hard way.

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Dodd-Frank's Say on Pay Rules Pose Triple Threat to Directors

06/01/12

Incensed shareholders and lawsuits triggered by failed say on pay votes aren't the half of it. Just wait until the expected M&A wave unleashes 'say on golden parachute' litigation.

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