chapter 13

Chapter 13 Bankruptcy Mortgage Mediation Seems To Be Working Well

03/18/11

Mortgage mediation in Chapter 13 bankruptcy is turning out to be more effective than mediation ordered in state court foreclosure cases. This, according to a report presented at a local attorneys’ meeting. Mortgage lenders express greater willingness to modify first mortgages of debtors in Chapter 13 bankruptcy compared to other debtors already facing foreclosure in state court.

The explanations given are common sense.

[more]

Read more

Ransom v FIA Card Services Case Not Good News for Some Debtors

01/11/11

The U.S. Supreme Court ruled today that a debtor in bankruptcy is not allowed to take a deduction on the so-called means test for ownership costs for a vehicle, unless they are actually buying or leasing a vehicle. What does this mean?

[more]

Read more

Ransom v FIA Card Services Case Not Good News for Some Debtors

01/11/11

The U.S. Supreme Court ruled today that a debtor in bankruptcy is not allowed to take a deduction on the so-called means test for ownership costs for a vehicle, unless they are actually buying or leasing a vehicle. What does this mean?

[more]

Read more

Chapter 13 bankruptcy: Why it’s picked by only 5% of my clients

01/02/11

[more]

Read more

Means Test Does Not Require Dismissal if Chapter 13 Is Zero

12/28/10

By: Bryan Kotliar
St. John's Law Student
American Bankruptcy Institute Law Review Staff

[more]

Read more

What is "Lien Stripping" and Can I Use it to Reduce my Mortgage Payments

12/20/10

With the decline in Atlanta area housing values, a seldom used bankruptcy technique has taken on new life. The technique is called "lien stripping" and it arises from Bankruptcy Code Section 50

[more]

Read more

Debtor Wins Big Damages in Fraudulent Conveyance Case

11/17/10

When fraudulent transfer claims arise in bankruptcy, the debtor is usually accused of being the dishonest transferor. However, in a recent case from Chief U.S. Bankruptcy Judge Ronald King, the Debtor successfully pursued a claim against her disbarred ex-husband. Galaz v. Galaz, Adv. No. 08-5043 (Bankr. W.D. Tex. 11/12/10). The opinion can be found here.

[more]