One of the first questions we often hear from our client’s is “what will happen to my property in bankruptcy?” It is often a confusing process and can be difficult to understand, which is why it is important to have a good bankruptcy attorney leading the way. Most of the time your property is protected […]
What is the Homestead Exemption in Bankruptcy?
What is a 403(b) Plan? 403(b) retirement plans are generally available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code. The most common participants of the plan include teachers, school administrators, school personnel, nurses, doctors, professors, researchers, librarians, and ministers How do I know if […]
Yes, in some cases, you can lower your mortgage on a non-residential piece of property. In a Chapter 13 bankruptcy, clients can attempt to do what is known as a “cramdown” to lower their mortgage. A “cramdown” lowers the principal amount you owe on the mortgage, and then the bankruptcy court determines the interest rate […]
Desperate times require desperate measures or so the saying goes. If you are struggling to pay your debts, primarily the result of the minimum payments on credit cards, medical bills, personal loans, taxes, student loans, etc., should you consider refinancing your home to pay off the debt? There are several factors to consider. First, you […]