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In 2010, the Florida Supreme Court approved an amendment to the Florida Rules of Civil Procedure regarding mortgage foreclosures and enacted new forms, such as Form 1.996(b), Motion to Cancel and Reschedule Foreclosure Sale. Form 1.996(c), Motion to Cancel and Reschedule Foreclosure Sale. In re Amendments To The Fla.
We are incredibly happy to have Regina bring new ideas and direction to our firm” said Arthur Sanders, one of the BNPC’s shareholders and directors. Slowey’s office in Michigan brings the firm’s total reach to eleven states, including two offices in Texas and two in California. It is an exciting time for our firm.”
Parts 1-3 of this series explored alternative pre-foreclosure loss mitigation options for lenders including acceleration and enforcement of personal guarantees. The answer to the question of whether hotel revenues constitute rent under Section 697.07, Florida Statutes, may depend upon the district in which the foreclosure action is pending.
A district court in Michigan recently dismissed an FDCPA action, holding that a letter which included a bankruptcy disclaimer was for informational purposes only and did not violate the FDCPA. In those cases, the Sixth Circuit concluded that foreclosure proceedings are debt collection. The lawfirm then sent Ms.
Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? If so your collection attorney is exposing you, the lawfirm, and themselves to personal liability for a money judgment that could far exceed your claim. We notified the client and closed our file.
Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy. In short, they prepare you for the challenges that come with rebuilding your finances after bankruptcy.
Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?
Don’t hire an out-of-state “lawfirm” to modify your loan – there are a number of free options you can take advantage of by contacting your loan servicer directly. Get in touch with one of our reliable Denver bankruptcy attorneys at the Law Office of Clark Daniel Gray for helpful legal advice. . Don’t fret.
Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo Bank , N.A., 3d 502 (9th Cir.
a bankruptcy filing, business shutdown, or foreclosure by a prior lienholder) that caused the loan to be classified in liquidation status or sooner if the collateral could be removed, lost, or dissipated. The post SBA Loan Site Visits: How to Prepare and What to Expect appeared first on Jimerson Birr LawFirm.
The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is the Purpose of the Act? Conclusion.
Bay Area Legal is a nonprofit lawfirm that serves residents in the Tampa Bay area by providing free civil legal services. Jacqueline serves as a Partner in the firm’s Financial Services group with a focus on financial litigation and compliance.
Essentially, a workout agreement restructures the material terms and conditions of the SBA loan in order to: avoid actions such as foreclosure or bankruptcy; allows the borrower to cure the default and improve their ability to repay the loan; and enables the lender or CDC to maximize their recovery on the loan. SOP 50 57 ; SOP 50 55.
Part 2 of this series analyzed pre-foreclosure loss mitigation options for lenders dealing with hotel/restaurant mortgage defaults. For example, when a borrower becomes insolvent or files for bankruptcy, the lender can still attempt to mitigate its damages by seeking to recover all or a portion of its damages from the guarantor.
For example, Lexington LawFirm works with you to identify inaccuracies. Oquirrh Mountain Law Group, PC, d/b/a Lexington LawFirm is an independent lawfirm that uses Credit.com Holdings, LLC as a provider of business and administrative services. How Do Credit Repair Companies Work?
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