briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: September 2008
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The Truth About Bankruptcy Laws. Monday, September 8, 2008. What to Expect Once Bankruptcy is Filed. In a Chapter 7 bankruptcy, a Trustee is appointed. The Trustee has a duty to investigate the financial dealings of the debtor. This includes looking for assets, examining transfers, and objecting to exemptions. The Trustee is attempting to collect whatever assets that he or she can find and distribute any funds to the creditors. About 30 days after filing bankruptcy the debtor will attend a meeting of cre...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: Strategic Default? Is it Really the Best Alternative?
http://briankmcmahonpa.blogspot.com/2012/11/strategic-default-is-it-really-best.html
The Truth About Bankruptcy Laws. Tuesday, November 6, 2012. Is it Really the Best Alternative? November 20, 2012 at 2:33 PM. February 12, 2013 at 9:46 AM. Thanks for sharing. I would love to learn more about bankruptcy in Grande Prairie. I think I might need to file a chapter 13. Ive lost everything. February 25, 2013 at 3:31 PM. Thanks for the post, and Im wondering why people get a second mortgage. March 6, 2013 at 7:52 PM. June 2, 2013 at 12:22 PM. June 17, 2013 at 5:29 AM. February 3, 2014 at 7:16 AM.
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: BANKS SLOWING FORECLOSURE PROCESS
http://briankmcmahonpa.blogspot.com/2010/10/banks-slowing-foreclosure-process.html
The Truth About Bankruptcy Laws. Thursday, October 7, 2010. BANKS SLOWING FORECLOSURE PROCESS. You may have recently heard that the banks are temporarily halting their foreclosures. What does this mean and why are they doing it? This leaves mortgages in a state of flux. The question is, who owns the note and mortgage? Yes, and the lenders are back in the foreclosure business, and loan services say they have been working hard to improve their systems. But many mortgage-servicing companies are moving s...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: May 2009
http://briankmcmahonpa.blogspot.com/2009_05_01_archive.html
The Truth About Bankruptcy Laws. Monday, May 4, 2009. BEWARE OF TRANSFER OF PROPERTY. I always thought this was an obvious point, but after having many clients ask me, "what if I give the property to my (insert family member)", I think this issue should be addressed. One is free to make the transfer, but the transfer must be disclosed in the bankruptcy. Even if the transfer was done with no intent to hide the asset and was given as a repayment of a debt, the Trustee could still seek recovery of the asset...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: HOME LOAN MODIFICATIONS
http://briankmcmahonpa.blogspot.com/2009/02/home-loan-modifications.html
The Truth About Bankruptcy Laws. Sunday, February 15, 2009. There are various companies offering to assist with the modification. Some of these companies have good success. Others really do not do much for you. If you are going to try to do a loan modification, make sure you use a reputable company. When seeking to modify, you will need to provide:. Tax returns for 2008 and 2007. A month of paystubs. Original loan closing statements. List of income and expenses. March 25, 2009 at 10:58 AM. I had a buyer ...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: What About My Credit Score?
http://briankmcmahonpa.blogspot.com/2009/07/what-about-my-credit-score.html
The Truth About Bankruptcy Laws. Saturday, July 4, 2009. What About My Credit Score? As I have stated before, I think bankruptcy should be a last resort. There should be a plan to get out of debt before resorting to bankruptcy. But, if it is impossible to pay off the debt due to income limitations or illness, bankruptcy is a very good financial option. It is certainly better than being a slave to your debt. How will bankruptcy affect your credit score? May 19, 2013 at 1:48 PM. I had a buyer that wanted t...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: July 2009
http://briankmcmahonpa.blogspot.com/2009_07_01_archive.html
The Truth About Bankruptcy Laws. Monday, July 13, 2009. There must be a lot of money to be made in debt negotiation. Just listen to all the advertising. Do you think they are out there for your benefit? They are trying to make money off you. It has gotten so bad that Attorney General's throughout the country are shutting the worst offenders down. Of course, this is much easier said than done, and takes a lot of discipline. But, the reward is worth the sacrifice. Saturday, July 4, 2009. As I have stated b...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: December 2008
http://briankmcmahonpa.blogspot.com/2008_12_01_archive.html
The Truth About Bankruptcy Laws. Monday, December 8, 2008. SHOULD I STAY OR SHOULD I GO? With the depreciated real est. Ate market, many of my clients wonder if they should continue to pay for a home they can barely afford. Of course, I can't make this business decision for you, but here are some alternatives for you to consider. ALWAYS CONSULT AN ATTORNEY OR ACCOUNTANT BEFORE MAKING THESE TYPES OF DECISIONS. Note as to numbers 2 and 3: banks are sometimes requiring proof of hardship to accept either a s...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: August 2008
http://briankmcmahonpa.blogspot.com/2008_08_01_archive.html
The Truth About Bankruptcy Laws. Thursday, August 21, 2008. Which Bankruptcy Works For Me? Reasons for Filing Chapter 13. Chapter 13 can be complicated. An attorney should be used to navigate through this bankruptcy. Chapter 7 is effectively a liquidation. Someone filing under this chapter figuratively comes to the court and says, "here's all my stuff, here are my debts, and here's my income. I don't have any assets to pay my debts and I don't have enough income to pay off what I owe.". If circumstances ...
briankmcmahonpa.blogspot.com
The Truth About Bankruptcy Laws: October 2010
http://briankmcmahonpa.blogspot.com/2010_10_01_archive.html
The Truth About Bankruptcy Laws. Thursday, October 7, 2010. BANKS SLOWING FORECLOSURE PROCESS. You may have recently heard that the banks are temporarily halting their foreclosures. What does this mean and why are they doing it? This leaves mortgages in a state of flux. The question is, who owns the note and mortgage? Subscribe to: Posts (Atom). BANKS SLOWING FORECLOSURE PROCESS. View my complete profile. Diary of a Fat Man. Bret Whissel's Rambling Mind. A New Addition to the Website.
