Who gets notified of my bankruptcy? 

Who gets notified of my bankruptcy? 

All of your creditors get listed in the bankruptcy petition so as soon as the bankruptcy petition is filed, the court will mail your creditors the 341 meeting of creditor’s notice.  The notice has your case number is located on the notice so they can log on and review...

Is there bare legal title for real property? 

Is there bare legal title for real property? 

Situations come up frequently where a potential client is on the deed to their parent’s or another relative’s house to make it easier when that person passes away for it to already be in the debtor’s name. The client often is not living in the property, has not paid a...

What is Escrow

What is Escrow

Escrow is an amount of money your mortgage lender holds to pay for expenses such as property taxes and homeowner’s insurance.  If you have been late on your mortgage payments, and/ or your escrow reserves are not sufficient to cover escrowed expenses you would likely...

Will a Bankruptcy Stop my Eviction? 

Will a Bankruptcy Stop my Eviction? 

The short answer is temporarily but it will not offer you a permanent solution.  When you file a Chapter 7 bankruptcy, there is an automatic stay in place where a creditor cannot pursue payment for approximately 90 days. The creditor can make a motion for relief of...

Who gets notified of my bankruptcy? 

What can I do with inherited property?

There are situations that arise where a potential debtor inherits property.  Let’s say for example, a house is inherited that is worth 200,000 and its devised in the will to all four surviving children so each child has a 25% interest/$50,000 interest in the property....

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