Category Archives: bankruptcy

How and When to Reopen a Bankruptcy Case

Sometimes people want to reopen a closed bankruptcy case because they failed to invoke important procedures while their bankruptcy case was open. Fortunately it’s usually possible to reopen the bankruptcy and play catch-up. Common reasons for wanting to reopen a … Continue reading

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Chapter 11 Bankruptcy basic

       Chapter 11 bankruptcy is a reorganization procedure used by businesses, including sole proprietors, partnerships, and corporations. The debtor in chapter 11 files a petition which includes a list of assets and liabilities, and a detailed statement of financial … Continue reading

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The Homeowners struggle

Warren op-ed: Banking on Hypocrisy posted by Katie Porter Check out Credit Slips co-blogger Elizabeth Warren’s op-ed on Politico, entitled Banking on Hypocrisy. She quotes extensively from a letter that the American Bankers Association sent to banking regulators in 2006 … Continue reading

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Mortgage servicing and standing

Cramdown Controversy #2–Will I “Succeed?” posted by Katie Porter Our active readers at Credit Slips already started debating the second controversy about the pending cramdown legislation: is the failure rate of chapter 13 too high to make mortgage modification in … Continue reading

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Mortgage Debt & Home Equity

Mortgage Fees in Chapter 13: Rules to the Rescue? posted by Gene Wedoff In a February post to Credit Slips, Katie Porter pointed out a recurring problem for U.S. debtors trying to deal with mortgage defaults through a Chapter 13 … Continue reading

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Foreclosure attorney

Our Bankruptcy Attorneys and Foreclosure Prevention Attorneys have options for every situation…you just need to call. Don’t wait any longer, it may only get worse… Bankruptcy Attorneys and Foreclosure Prevention Attorneys We know times are tough, you aren’t sure what to … Continue reading

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