Chapter 13 is a reorganization for consumers. It as several purposes, some of which are curing the arrears on a home, paying off a vehicle, paying back taxes and child support.

THE PERILS OF BANKRUPTCY FILING BY AN UNDOCUMENTED PERSON

By Richard J. Parker: Shareholder in Parker, Butte, & Lane, P.C. (reprinted with permission of the author, December, 2017) Immigration status is a complex legal issue for anyone not born in the USA. While some people born overseas are still U.S. citizens at birth, there are some hoops to jump through that do not exist […]

Will I Lose My Home If I File Bankruptcy?

Many callers ask the same question “will I lose my home if I file for bankruptcy?” Over the last 30+ years of helping people file for bankruptcy protection the most concern by homeowners is if they will lose their home.  My answer – “it depends”.  Do you want to keep your home?  If so, then […]

Chapter 13 Rules in Arizona Change December 1, 2017

Arizona adopted a chapter 13 model plan – effective for all cases filed or converted after December 1, 2017 Local Rules 2084 Chapter 13 Model Plan According to the Arizona Bankruptcy Court the failure rate of those who file their own chapter 13 cases (without an experienced chapter 13 attorney) is over 98%.

Can I Buy a Home After Bankruptcy?

How long after bankruptcy do I have to wait before buying a home? Anyone who either filed for bankruptcy or is considering it has asked “how long before I can buy a new home”?  Attached is a spreadsheet which purports to detail the answer to this question. 

“Life in the Sweatbox” for Students:

Life in the Sweatbox (reprinted from Credit Slips) Pamela Foohey, Indiana University Maurer School of Law Robert M. Lawless, University of Illinois College of Law Katherine M. Porter,  University of California – Irvine School of Law Deborah Thorne,  University of Idaho Date Written: February 20, 2018  94 Notre Dame Law Review __ (forthcoming 2018) Abstract The time before a […]

Ten Things You Need to Know Before Filing Bankruptcy

Ten Things You Need to Know Before Filing Bankruptcy Bankruptcy is a tool.  Any tool can be misused which can cause serious damage.  Just ask the idiot who sticks a fork in a live electrical socket.

Why Chapter 13 Bankruptcy Can Be Doomed for Failure

The American Bankruptcy Institute ‘ABI’ released a report addressing the astronomically high failure rate of chapter 13 bankruptcy.  The findings are not surprising for those of us who work in this world, but are shocking for the rest of the consumer community. It is likely that many bankruptcy judges have never had a successful chapter […]

Mortgage Lenders & Servicers Are Not Your Friend

When Mortgage Lenders Monkey With Your Loan By Bill Purdy The following are some excerpts from a very informative blog on a well-known consumer bankruptcy advocate’s web site: www.BankruptcySoapBox.com. Spoiler Alert:  As a borrower, you are an expendable resource in home loan servicing to be exploited for fees and charges. Borrowers just trying to keep […]

Typical Foreclosure and bankruptcy con artist scam

A typical story of a homeowner and the con artist scum who prey on desperate homeowners: “I tried to keep my home despite the fact they started foreclosure proceedings. I self represented myself and filed initial bankruptcy chapter 13 forms which stopped the first trustee sale/ auction date. I got stuck on the second set […]

Wells Fargo in Trouble Again & Again

According to an article in USA Today “Wells Fargo faces new accusations that it tried to capitalize financially on its customers without their permission — this time by allegedly modifying mortgage terms for people who had filed for bankruptcy protection. With the smoke still lingering from the firestorm that erupted from the bank’s opening of fake […]