by John Rogers | Apr 21, 2009 | Uncategorized
No. Liens can be placed on a debtor’s property in many different ways. Some are by agreements, like mortgages and auto liens. Others are by operation of law, like property tax liens on a debtor’s home. And some liens are to enforce judgments that have...
by John Rogers | Apr 20, 2009 | Uncategorized
As soon as a debtor realizes that a creditor has been omitted, the debtor should notify his or her attorney with all of the information necessary to complete the schedules (the amount of the debt, the type and value of any collateral, and the name and address of the...
by John Rogers | Apr 18, 2009 | Uncategorized
For individuals who can not pay their debts- called “debtors”-bankruptcy has two main purposes: First, bankruptcy operates to give the people who are owed money-the creditors-a fair share of the money that the debtors can afford to pay back....
by John Rogers | Apr 16, 2009 | Uncategorized
A reaffirmation agreement is an agreement by a debtor and creditor in Chapter 7 bankruptcy about how to treat a particular debt that would otherwise be discharged in the debtors bankruptcy. Usually, the debt is secured by collateral that the creditor could repossess...
by John Rogers | Apr 15, 2009 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Alerts, Consumer Bankruptcy Attorney
Yes. Unlike Chapter 7, where the debtor can usually stop a foreclosure or repossession only if the creditor agrees to a reaffirmation, a debtor in Chapter 13 can provide for car and mortgage payments in the Chapter 13 plan, and the creditor can be required to accept...
