Chapter 13 Bankruptcy

Are You Playing The Mortgage Bail Out Lottery?

05/09/12

Will the government be able to provide you with mortgage relief? Maybe, but maybe not. Waiting for your mortgage lender or a government program to fix your defaulted mortgage problem or return your equity that was lost by the declining housing market? Will that be a successful strategy? Maybe and maybe not. While there certainly [...]

[more]

Oregon Court: Mortgage Cram Down Not Allowed Where Plan Calls for Balloon Payment

05/03/12

Chapter 13 bankruptcy has its benefits One of the benefits of filing for Chapter 13 bankruptcy is the ability to modify or “cram down” certain secured debts. For example, a consumer who owes far more than their car is worth has the option of cramming down the car loan to meet the actual value of [...]

[more]

How to Afford Bankruptcy

04/27/12

Bankruptcy can be affordable. 

[more]

The Length of Time It Will Take to Rebuild Your Credit – With or Without Bankruptcy

04/10/12

Clients are always concerned about their credit score.  It is not unusual for the question “How will bankruptcy affect my credit score?” to be the first thing that comes out of someone’s mouth when they consider bankruptcy as an option.  Although bankruptcy does have an effect on your credit, the effect may not be as [...]

[more]

Repo Alert: Are You at Risk?

04/06/12

Last year, a potential client called me to say that her car had been repossessed and that she needed help.  I explained that one option would be to file a Chapter 13, then a Complaint for Turnover as a means to get the vehicle back.

[more]

T-Boz’s Bankruptcy Case Dismissed

04/03/12

In a high-profile example of the bankruptcy court’s discretion over your bankruptcy case, former TLC member T-Boz, whose real name is Tionne Watkins, was thrown out of bankruptcy court.  Can this happen to you? T-Boz had filed a personal Chapter 13 bankruptcy, claiming more than $750,000 in debts to various creditors.  But instead of granting [...]

[more]