On May 13, 2013, the United States Supreme Court issued a decision clarifying the definition of “defalcation,” a term set forth in Section 523(a)(4) of the bankruptcy code. In its decision, the Court identified the widespread inconsistency in the ways lower courts of appeals have been defining this term—with the resulting consequence that there is.
When a Nebraska foreclosure does not take place as represented by a lender, the homeowner can be hit with some nasty surprises later on. An experienced Omaha bankruptcy attorney can assist with foreclosure defense and help individuals that have been foreclosed or are in the process of foreclosure. Let Thompson Law Office help with the details so that you.
For some debtors, Chapter 13 bankruptcy is a better option than Chapter 7 bankruptcy. For some debtors, Chapter 13 bankruptcy is a better option than Chapter 7 bankruptcy. And sometimes Chapter 13 is the only option because a debtor is not eligible for Chapter 7 bankruptcy. It’s important to sort out the issues and decide.
If your business is in the red, take steps to protect your personal assets. If your business is in distress — you owe a lot of money but you can’t pay — your creditors will probably threaten legal action against you personally. How much they can collect will depend on how your business is organized,.
There are very few anniversaries that I remember as vividly as the effective date of the Bankruptcy Reform Act of 2005. October 16, 2012 will mark 7 years since bankruptcy law changed. It was supposed to lead to a drastic reformation of the bankruptcy laws. The 30 days before the law changed is what I.
Avoid or delay foreclosure of your home by seeking bankruptcy protection. If you are facing foreclosure, bankruptcy might be able to help. In many cases, filing Chapter 7 bankruptcy can delay the foreclosure by a number of months. Some people may be able to save their home by filing for Chapter 13 bankruptcy. What Is.
When I first meet with people who are looking at filing bankruptcy, there are usually a lot of tears. Regardless of whether the person is a white collar professional or a blue collar worker, my advice is usually the same. The destination of bankruptcy has many paths and roads. None of them are easy, but.
Believe it or not, there are telltale signs that a person is facing a probable bankruptcy filing. In most cases, bankruptcy will provide immediate relief if you find yourself in the following common situations: 1.) Your paycheck or bank accounts are being garnished; 2.) You receive harassing phone calls or letters from people you owe money.
Avoid foreclosure with the Home Affordable Refinance Program (HARP) or the Home Affordable Modification Program (HAMP). In 2009, the federal government unveiled the Making Home Affordable program to help homeowners stay in their houses and avoid foreclosure. If your loan is owned or controlled by Freddie Mac or Fannie Mae, and you’re current on your.
How foreclosure procedures work, in both judicial and nonjudicial foreclosure states. Foreclosure happens when you fall behind on your house payments and your lender uses state procedures to sell your house. Foreclosure works differently in different states. In some states, the lender has to file a lawsuit to foreclose (judicial foreclosure), while in others, it.