Oct 27, 2010
On Friday benchmark mortgage yields traveled to higher ground as fast money accounts took profits and black box short sellers tested the market's willingness to "buy the dips". Current coupon mortgages performed well for most of the day before...
Jul 29, 2010
When a person buys a house or a car, part of the contact they sign requires them to have insurance on the property until the loan is paid in full. If it is a car, you are required to have full coverage and not just liability insurance.
Jul 22, 2010
What is worse bad credit or a bankruptcy? When you say bad credit it could be a combination of all kinds of things, credit cards with notation of slow pay, no pay, or even at some point charge off. Some people don’t even have credit cards...
Jul 16, 2010
After a Chapter 13 case is filed with the U.S. Bankrutpcy courts then a Chapter 13 Trustee is assigned the case. The Debtor is due the 1st payment to Trustee within 30 days of filing date. If Debtor fails to make the first payment...
Jul 13, 2010
Do I need to file tax returns? The answer is yes. You always want to file your taxes by the deadline each year. When you file for bankruptcy, either Chapter 7 or Chapter 13, you are required to present tax returns for the last four years.
Jul 07, 2010
What is termination of stay? A termination of stay is when a creditor has gone through the proper court procedures to get the protection lifted on their secured claim; for example a house or a vehicle.
Jun 28, 2010
These are just a few things that people should not do before filing a bankruptcy. The first, which I hear of quite often, is running up one’s credit card. In doing so, you will not only have to pay it back, but the trustee may...
Jun 22, 2010
This week has been one phone call after another from Chapter 13 debtors not being able to maintain their monthly obligations and wanting a quick resolution under the protection of the bankruptcy stay.
Jun 14, 2010
The primary complaint of Chapter 13 debtors under wage order is the fact that wage order directives are not activated quickly enough to keep them current with the Trustee when payment increases.
Jun 08, 2010
The other day I remembered a client that I once had. A few years ago he and his wife sold a house and bought a new one. They made enough money on the first house to allow them to put down $30,000 on the new one.