mortgage

Lien Stripping in Chapter 13 Bankruptcy For our readers playing along at home, the basic rule with mortgage modification in bankruptcy is as follows: first mortgages on a debtors primary residence cannot be modified by filing for bankruptcy, however, second, third and other junior liens can be modified or “stripped” by filing for Chapter 13 [...]

Number 4.  You received a Summons and Complaint for foreclosure.  Now you are being sued by your mortgage company and in danger of losing your property.  You have a short period of time to respond, usually 30days or less in Illinois.

Form a Plan to Get a Mortgage After Bankruptcy Bankruptcy is supposed to offer a fresh start, a new beginning unhampered by past debts. However, many are deterred from filing for bankruptcy because of the mistaken belief that wiping out their debts means never accessing credit again. While bankruptcy does have a negative impact on [...]

Earlier this month on my Atlanta-bankruptcy web site blog I discussed <