Even though the mortgage and lien were in the name of the husband and wife, a second mortgage lien in the wife’s individual Chapter 13 bankruptcy case has been stripped by a Court. Judge Rhodes wrote the decision, stripping second mortgage liens on two consolidated cases. In each case, worth less than the amount owed…
More economic bad news means more Detroit MI bankruptcy filings, and more chapter 7 and chapter 13 bankruptcy filings almost everywhere. Home sales continue to plunge. Government programs have failed to stem the tide of foreclosures, which will only go up as “Home Loans Going Bad Faster Than They’re Being Helped” as the title of…
“Don’t ruin your credit by filing bankruptcy!” say those who run a debt settlement scam. “The secret the credit card companies don’t want you to know!” “Don’t file chapter 7 bankruptcy!” “If you owe at least $10,000 in credit card debt, you are eligible for our program!” “Recent changes in federal law require credit card…
There is over $740 billion in student loans out there, and with jobs hard to come by, repaying can be tough, or, impossible, even if you have to file bankruptcy. as shown in a Wall Street Journal story by Mary Pilon, even doctors are having trouble repaying student loans. Many people took out loans believing…
