12th November 2009
How credit card debt settlement works – An example
Let’s say John owes a total debt of $100,000 on 5 credit cards. He is finding it difficult to keep up with the minimum payments. John doesn’t want to file bankruptcy as he does not want to involv...
28th August 2009
There's a small, quiet world of real estate in bankruptcy that doesn't capture the attention of the average investor. Purchasing property from a bankrupt estate can be a road to long-term gain. The process takes firm resolve and a large measure of patienc...
21st August 2009
Sometimes when a business is irreparably insolvent, the only option is to file for Chapter 7 or Chapter 11 bankruptcy to free a business or individual from overwhelming liabilities. At Robinson, Diamant & Wolkowitz, we take the time to investigate a busin...
21st August 2009
Companies in financial trouble are often forced to liquidate their assets to pay creditors. While a Chapter 11 bankruptcy sometimes makes the most sense, other times a Chapter 7 bankruptcy is required, and in still other situations a corporate dissolution...
21st August 2009
INTRODUCTION
Most people assume that bankruptcy means liquidating all of a debtor's nonexempt assets and distributing the proceeds among his creditors. However, the bankruptcy laws also provide for rehabilitating the debtor. Chapter 11 allows a debtor ...
20th August 2009
4 Options for Business Bankruptcy
When a business prepares to file for bankruptcy, it needs to decide which specific chapter of the law to file under — Chapter 7, Chapter 11, or even in some cases Chapter 12 or 13. Businesses considering bankruptcy s...
18th August 2009
Foreclosed on? Just because you may have lost one home doesn’t mean you’ll never be able to buy another. But first, you need to engage in some credit score Repair.
“A foreclosure will cause a credit score to drop sharply, typically by 200 to 300 ...
08th August 2009
A report card released Tuesday by the Treasury Department showed wide variations in how quickly mortgage companies are helping financially troubled borrowers under the Obama administration's foreclosure-prevention plan.
So far, more than 400,000 borrow...
07th August 2009
Personal bankruptcy is commenced by an individual filing Chapter 7, 11, 12 or 13. The most common is Chapter 7. The debtor is allowed to exempt certain property from liquidation by the trustee. The list of exempt property includes homesteads, household fu...
03rd August 2009
I am often asked how a credit report will it look after filing Chapter 7 Bankruptcy. The answer in most cases is — not as good as it did before bankruptcy. But that isn’t necessarily a reason not to file. And in some cases, filing for bankruptcy may a...
03rd August 2009
LOS ANGELES | Prosecutors nationwide have filed 189 legal actions against loan modification consultants accused of bilking homeowners desperate to make their mortgage payments more affordable.
The lawsuits and cease-and-desist orders announced Wednesda...
27th July 2009
What is chapter seven bankruptcy going to do for me? What if the enterprise won't negotiate or will only offer to settle for more than your maximum. With this strategy, you create any debts that have your pledge a priority payment at the expense of other ...
27th July 2009
Chapter 11 bankruptcy lawyer is highly demanded recently by many people. Mainly, the reason is because many business owners don’t well versed about the business laws of bankruptcy. In filing a petition declaring bankruptcy, you must provide disclosure s...
27th July 2009
Some people just want to avoid bankruptcy at all costs. Some people are not eligible for bankruptcy because they filed for chapter 7 bankruptcy less than 8 years ago. Can a short sale help?
In short sales, a house is sold for less than the amount due...
27th July 2009
Millions of American homeowners are now underwater on their home mortgages and they are looking for a way out. In some areas like the Inland Empire of California, local homeowners have seen values drop 30-50% and many are making a “business” decision ...
