Bankruptcy Blog

One of the benefits to filing a bankruptcy is to stop creditors from trying to collect on pre-petition debt, which is any debt that was incurred prior to filing the bankruptcy. One of the common pre-petition debts that causes confusion for both Debtors and Creditors is property taxes. If property taxes are not […]

If Termination of Automatic Stay is filed by your mortgage company then immediate contact with your attorney and the mortgage company is required to avoid undue foreclosure filing. Most mortgage companies are willing to work out agreement with debtors in bankruptcy. Requesting a loan modification may take up to 30 days before approved and the […]

There are many clients in our office that have been in a Chapter 13 bankruptcy for 2-3 years and along the way the stay has terminated on their home. If no action is taken by the client to work out agreement with mortgage co. then foreclosure will follow.
Many clients will move after the home […]

It seems that everywhere you turn one of the top stories is related to interest rates on houses going up or the foreclosure rate at record highs. People that entered into an Adjustable Rate Mortgage (ARM) seem to be the ones suffering the most. Generally, these are people who are barely able to […]

Today is foreclosure Tuesday in the State of Texas. Our office was open yesterday, September 3, 2007, to accommodate those clients who, at the last minute, found a solution to their problem. They tried everything on their own to stop their foreclosure sale. They talked with the mortgage company and tried to […]

If you don’t stop the foreclosure sale you will be moving out of the home in the next two to four week. You still can be sued by the mortgage company if the home sells for less than what is owed, plus receive a 1099 ‘you will have to claim on you income taxes as […]

It is that time of the month for foreclosure sales. A foreclosure sale means a person has fallen behind on their mortgage payments and the mortgage company is trying to take the home back or sell to the highest bider. By this point all work out plans have fail to work for one […]

Varieties of people come in to our office and are scared about the situation that they are in. They are about to lose their car or their house. They don’t know what to do, they come to our office and explain to them that they have a solution and it is to file […]

If you file a bankruptcy it doesn’t mean you are going to lose your home. Your home is protected, Depending how long you have own it you could have a million dollars of equity and it still be protected. A chapter 13 bankruptcy is there to help if you have fallen behind on the payments […]

It is foreclosures weekend again, Meaning people who have fallen behind on their mortgage payments are about to lose their home. The mortgage company is going to sell your home to the highest bidder on Tuesday morning. At this point the only way to stop this is to have all the money that you […]