| | Bankruptcy
When you file for bankruptcy, a bankruptcy “estate” is created which includes all of your ownership interests in property. Section 541(a)(1) of the Bankruptcy Code defines “property of the estate” and determines the extent to which your property interests will
| | Bankruptcy
Clients often wonder whether they can file bankruptcy if they are behind on their house payments. The short answer is yes. However, which type of bankruptcy is best in your situation needs to be discussed with your attorney. For example,
| | Bankruptcy
Individuals that need to file for bankruptcy protection often wonder what will happen to their business. It is worth noting that although partnerships, limited liability companies, and corporations may file for bankruptcy protection, it is commonly an individual who owns
| | Bankruptcy
For most people, filing a bankruptcy is the most difficult financial event they will experience in their life. Often, losing a home to foreclosure is an unfortunate companion to a bankruptcy filing. To those already facing an uncertain financial future
| | Bankruptcy
In a chapter 13 case, what constitutes property of the estate can be a trickier question than it initially appears. This is particularly true in the case of an inheritance. Although it is clear that if a chapter 13 debtor
| | Bankruptcy
With a flurry of new laws taking effect this Fall, it may be easy to overlook House Bill 2325, which garnered little media attention but stands to have a significant impact on debtor’s and creditor’s rights. House Bill 2325 amends
| | Bankruptcy, Real Estate
Borrowers have struggled for years to find financing following a short sale or foreclosure. In fact, the general rule is that a borrower must wait anywhere from two to five years following a short sale before qualifying for a new
| | Bankruptcy
When can you file bankruptcy again if you have previously filed and received a discharge of your debts? Recently, we have seen a slight uptick in the number of individuals seeking to file bankruptcy who have previously filed either a
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