Homeowners no longer can included mortgage payments for properties they have surrendered in order to qualify under the Means Test. In a Chapter 7 bankruptcy, there is a limit to the income level an individual can have in order to qualify for this chapter of bankruptcy. If a ...
Foreclosure and Real Estate
Do Not Include Mortgage Payments on Surrendered Property to Qualify Under the Means Test
Published in Bankruptcy, Foreclosure and Real Estate
Bankruptcy Filings in Middle District of Florida Down
The U.S. Bankruptcy Court Middle District of Florida recently reported that filings from January to August 2011 are down 16% from 2010's annual rate. However, despite this decrease, the Middle District is still one of the most active in all of the United States for bankruptcy filings.
From ...
Published in Bankruptcy, Foreclosure and Real Estate
What Does it All Mean?
Well some of this doesn't come as a great surprise. This article examines some recent numbers regarding 2011's decline in overall bankruptcy filings. The article goes on to discuss some of the other measures of economic recovery and how a decline in bankruptcy filings may not ...
Published in Bankruptcy, Foreclosure and Real Estate
4th of July Food for Thought
I think some of my recent posts have detailed how companies or well-known people are filing bankruptcy and how they may deal with that case. This week I wanted to just post links to a couple of bankruptcy related stories.
The first story is about a woman ...
Published in Bankruptcy, Foreclosure and Real Estate
You Can’t Hide from Student Loans
The main purpose, or reason, for most of the people I help to file for Bankruptcy is discharging unsecured debt. Basically, debt for which there is no collateral to secure the debt is what burdens many clients, more so than even mortgage related debt, in most ...
Published in Bankruptcy, Foreclosure and Real Estate
