Bankruptcy Articles & Blog
Bankruptcy and debtor issues.
Author: Michael Goldstein practices at Goldstein & Clegg in Lynnfield, Mass. and is of counsel for the Mazer Law Group, also in Lynnfield. He also authors Employment Law Blog.
Blawg Related Categories: Bankruptcy Law • States • Massachusetts • Solo / Small Firm
Recent Posts from Bankruptcy Articles & Blog
-
Repairing Your Credit After Bankruptcy
Once you’ve filed for bankruptcy, the best thing you can do to repair your credit is to keep your debt low and always be sure to pay your bills on time, and whenever possible, in…
-
Recovering After Bankruptcy – Getting a Mortgage Again
After you’ve filed for bankruptcy, securing a loan may be challenging as many lenders will be very hesitant to offer a new secured loan. In some situations, there may be a few lenders who are…
-
Preservation of records prior to filing for bankruptcy
There are certain things any business owner must do in preparation for bankruptcy. You must make sure you know how much money you have spent and on what; you must know how much income your…
-
Loan Modifications can be done even inside a bankruptcy
For Debtor’s in Massachusetts, a new standing order of the Bankruptcy court may provide for significant mortgage relief even when the automatic stay is in place. The benefit f mortgage workouts or loan modifications as…
-
What is the Home Affordable Modification Program?
As many homeowners have found it increasingly difficult to make ends meat and afford their home mortgage payments, mortgage defaults and foreclosure proceedings have risen. These homeowners have several options that may put them in…
-
Banks who buy mortgages may not be able to foreclose
A common practice in the mortgage industry is to buy and sell mortgages. This practice has a specific legal term, “assignment”. What many lenders have tried to do though is to buy mortgages that have…
-
Foreclosure or Bankruptcy – Which is the lesser of two evils
In the past, “Foreclosure” and “Bankruptcy” were considered two of society’s dirty words. Today these terms are viewed by many as relief from Financial Black holes that can not otherwise be escaped. In the…
-
Loan Modification Calculator
As a bankruptcy attorney and a lawyer who represents clients with loan modifications, I am often faced with a client who owes more money on their home then the house is worth. This negative equity…
-
Mortgage Crisis: Will Loan Mods Bring Relief?
I recently came across a very interesting article regarding relief for homeowners through loan modifications (or as I like to call it, renegotiation of your mortgage terms) on Business Week Online. The growing urgency to…
-
Why Mortgage Modifications may be better then Refinancing
Homeowners who can’t afford their mortgage payments can get a better deal from their lender. Loan modifications or mortgage modifications are designed to keep the homeowner in their homes though changing the terms of their…