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Will the Federal Government shutdown on October 1, 2013?  If so, how will it effect the Bankruptcy Courts?

One of Benjamin Franklin’s most famous quotes is:  “Certainty? In this world nothing is certain but death and taxes.”

Chapter 13 Bankruptcy Basics As a Dallas bankruptcy lawyer, I help many clients that are looking for a way to resolve their debts. I find that most people prefer the shorter timeline of a Chapter 7 bankruptcy and don’t want to file for chapter 13 protection. As Lori Patton wrote on this forum: Very often [...]

In cases where a homeowner is drastically underwater, the Bankruptcy Code gives chapter 13 debtors the ability to forcibly modify a second mortgage and thereby reduce their housing costs. As the real estate crisis continues to linger, many consumer advocates have been vocal in supporting proposed legislation that would extend bankruptcy’s mortgage modification power to [...]