Recent Blog Posts
According to the New York Times, recently the Supreme Court ruled that homeowners who declare Chapter 7 bankruptcy will be unable to void second, unsecured mortgages on their underwater homes. The ruling clarifies existing limits on how bankruptcy affects certain debts and the ability for debtors to discharge or minimize their debt through the… Read More »
When people talk about “filing for bankruptcy” what they do not realize is that there is no single process or single relief designated as bankruptcy. There are six types of federal bankruptcy processes. The most common type of bankruptcy is Chapter 7. What is Chapter 7 Bankruptcy? Under Chapter 7 bankruptcy, a bankruptcy trustee… Read More »
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