Nolo’s Bankruptcy & Foreclosure Blog
Nolo.com Authors Steve Elias and Albin Renauer take a plain English approach to bankruptcy law.
Author: Steve Elias is the author of several Nolo books, including The New Bankruptcy: Will It Work for You? and Chapter 13 Bankruptcy: Repay Your Debts. Elias also practices law in his spare time, advising clients on how to do their own bankruptcies with the help of a non-lawyer bankruptcy petition preparer or by using his book How to File For Chapter 7 Bankruptcy.
Albin Renauer spent 17 years as an editor at Nolo, where he helped create numerous books and software programs, including the bestselling WillMaker. Albin's latest project is LegalConsumer.com, an online companion to his book How to File For Chapter 7 Bankruptcy.
Blawg Related Categories: Bankruptcy Law • Consultant • Solo / Small Firm • Legal Information
Recent Posts from Nolo’s Bankruptcy & Foreclosure Blog
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The Foreclosure Survival Guide: Read it Online for Free!
If you're one of the more than 1.5 million U.S. families that may face foreclosure this year, you need information you can trust and use -- now. That's why Nolo has built a website where…
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Beware of Commercial Mortgage Modification Services
Nothing gets my blood boiling faster than when I see struggling homeowners pay thousands of dollars to hire someone to represent them in a mortgage modification negotiation. My advice is always the same: attempt to…
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Linking Healthcare Costs to Bankruptcy -- More Spin Than Truth?
A recent Harvard law school study indicates that healthcare costs are "behind" roughly 60% of bankruptcy filings. My personal experience gleaned from counseling close to 1,500 bankruptcy debtors since 2005 would suggest a much lower…
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Determining Mortgage Modification Eligibility on the Web
In an earlier blog entry and Nolopedia article, I explain the basic requirements for refinancing a mortgage and having your payment reduced under the Obama administration's implementation of the Homeowner Affordability and Stability Plan.Now the…
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Stay Away from Debt Management Plans
In a brief article found on the Debt Law Network, the author notes: The FTC has found that some organizations that offer debt management plans (DMPs) have deceived and defrauded consumers, and recommends that consumers…
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The New Federal Housing Plan: A Good Start
On February 17, the Obama Administration announced its new homeowner affordability and foreclosure prevention plan. On March 4th, the Treasury Department issued guidelines as to how the new plan would be implemented. Despite criticism from…
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Cars in Chapter 7 Bankruptcy -- What Happens?
People often ask me about how Chapter 7 bankruptcy will affect their ability to keep their car. If you aren't making payments on a car, then it's just a matter of using whatever exemptions are…
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Lobby Your Congressional Representative in Favor of HR 1106
Sometime this week, the House is expected to vote on H.R. 1106, the bill that would allow Chapter 13 bankruptcy judges to modify residential mortgages. Right now, judges cannot modify mortgages attached to the bankruptcy…
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The Homeowner Affordability and Stability Plan
On Wednesday, February 18, President Obama announced his intention to spend up to $75 billion for direct aid to forestall (hopefully) millions of foreclosures, and to make available $200 billion additional dollars to support refinancing…
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Keeping Up With the Foreclosure Prevention News
In earlier blog posts, I've tried to keep up with the various foreclosure prevention programs offered by major mortgage lenders. Every major mortgage lender has some sort of policy in place to handle requests for…