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Changes to Bankruptcy Rule Expand Notice Requirements to Homeowners in Chapter 13 Cases

One of the main reasons why people file for Chapter 13 bankruptcy is because they want to save their homes. Under this form of bankruptcy, filers can catch up on their mortgage obligations and repay other debts through a plan based on their income and expenses. When borrowers submit their proposed repayment plan, their mortgage Read More

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Speedy Georgia Foreclosure Process Adds to Urgency for Homeowners Considering Chapter 13 Bankruptcy

Foreclosure laws vary significantly by state. One of the key distinctions is that certain jurisdictions require what is known as judicial foreclosure. This means that in order for a lender to take possession of a home, they must first file a lawsuit to do so. Not surprisingly, moving through the litigation process can take a Read More

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Bankruptcies Surge Among Millennials

Millennials are known for their tech savvy, and while older generations might still think of them of kids, even the youngest members of this group are approaching age 30. As they start families and look to advance their careers, millennials are also increasingly facing various sources of financial stress. In response, more millennials than ever Read More

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Using Chapter 13 to Stop Foreclosure

Chapter 13 is a form of bankruptcy that allows you to restructure your outstanding debts for repayment over an extended period of time. This includes defaulted home mortgage loans that are in the process of foreclosure. If you meet the eligibility requirements for Chapter 13, you can put a hold on the foreclosure, buy yourself Read More

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Using Chapter 13 Bankruptcy as a Remedy for Mortgage Foreclosure

If you are in danger of losing your home to foreclosure, filing for Chapter 13 bankruptcy may be a smart, strategic move. It puts an automatic stay in place to prevent creditors from trying to collect owed payments. This stay also temporarily pauses the foreclosure process or prevents it from being initiated. As long as Read More

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