Marin County bankruptcy attorney explains how lien stripping in Chapter 13 works in California, and why it may be a good reason to consider Chapter 13 instead of Chapter 7.
If you are going to use a bankruptcy petition preparer, make sure that that you avoid unrealistic expectations and realize that they are not lawyers. The best way to educate yourself is to make sure they give you–and that you read–the Notice to Debtors About Bankruptcy Petition Preparers, and that you have reviewed the Northern California Bankruptcy Petition Preparer Guidelines.
60 Minutes show on strategic defaults.
This is the “official version” of what the United States government wants prospective debtors to know about Chapter 13. It is NOT the “inside baseball” version; just the government’s party line.
I never thought I’d see the New York Times find a way to find a way to actually blame homeowners for failing to modify their own mortgages, but that is exactly what Floyd Norris’s December 4, 2009 blog post does. Apparently, Chase just cant keep track of its own documentation, or get its borrowers to send [...]
This is an excerpt from the Federal Government’s website on various bankruptcy basics, such as how to file, what you can hope for, the basic procedures you’ll be dealing with. I offer it as a fair, unfiltered picture of what bankruptcy is all about. However, like much of what the government tells, us, this isn’t the whole story, and for a better understanding of what bankruptcy can do for you–be it Chapter 7, Chapter 11 or Chapter 13–and what expectations are reasonable, you should contact a bankruptcy attorney. Be prepared to provide detailed information on your financial and other assets, your debts and other liabilities.
More and more people who can afford to pay their mortgages are actually choosing to walk away.
