Blog Posts in March, 2011
Posted on Mar 21, 2011 By Jeffrey Angres
Debtors in bankruptcy are required to disclose all household income and expenses. While the debtor's income is often relatively easy to determine through pay stubs and bank records, calculating ...
Continue reading "RISING GAS PRICES IMPACT DEBTORS IN BANKRUPTCY" »
Posted on Mar 17, 2011 By Jeff Angres
If you are a homeowner who owes more money on your mortgage than your home is currently worth, there are a several options for saving your home. One of the latest is an $11 billion program through the ...
Continue reading "HOMEOWNERS HAVE OPTIONS FOR UNDERWATER MORTGAGES" »
Posted on Mar 14, 2011 By Jeffrey Angres
During a Chapter 7 bankruptcy case, all of the property in the debtor's "possession, custody, or control" is part of the bankruptcy estate. If there is estate property that is not exempt from ...
Continue reading "BE ACCURATE ABOUT YOUR BANK BALANCE WHEN FILING BANKRUPTCY" »
Posted on Mar 11, 2011 By Jeffrey Angres
Beginning in the 1970's, many college graduates chose to discharge their student loan debt immediately after graduation. As a result, Congress tightened the restrictions on discharging ...
Continue reading "DISCHARGING STUDENT LOANS IN BANKRUPTCY" »
Posted on Mar 9, 2011 By Jeffrey Angres
There is no requirement of citizenship in the Bankruptcy Code. Section 109(a) of the Bankruptcy Code states that "...only a person that resides or has a domicile, a place of business, or property in ...
Continue reading "CAN AN ILLEGAL IMMIGRANT FILE BANKRUPTCY?" »
Posted on Mar 8, 2011 By Jeffrey Angres
Most credit unions and some banks use "Loanliner" documents. These agreements are standardized loan documents developed by CUNA Mutual Group and sold to financial institutions. Over 70% of all credit ...
Continue reading "“LET THE BORROWER BEWARE” WHEN DEALING WITH CREDIT UNIONS" »