Sawin & Shea

OCTOBER 6, 2021

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. However, the situation was a bit more complicated for those already in bankruptcy or considering it. What is the CARES Act?

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Bankruptcy Chapter 13 bankruptcy Lender Government 98

Jimerson Firm

FEBRUARY 10, 2022

When account owners have an account that reflects a negative balance, the lender is faced with a myriad of options and obligations with regard to the pursuit of that debt. Lenders that charge off a debt trigger issuance of the 1099-C when their defined policy leads the lender to discontinue collection activity and discharge a debt.

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Lender Credit Unions Credit Unions Collections 98

Jimerson Firm

MAY 19, 2021

Although a lender may have won the battle by obtaining a final judgment of foreclosure from the court, it may not win the war. Although a lender may not be able to avoid this from happening, it should be aware of how and why their final judgment of foreclosure may be set aside. Pursuant to Section 702.07 3d 699, 703 (Fla.

Foreclosure 52

Foreclosure Judgment Lender Bankruptcy 52

Sawin & Shea

DECEMBER 7, 2023

With the COVID-19 foreclosure moratoriums over, housing foreclosures are once again on the rise nationally. In fact, in September of 2023, we saw home foreclosures on the rise by a whopping 18.4% Foreclosures in Indianapolis have also been increasingly more common. from this time last year.

Foreclosure 52

Foreclosure Chapter 13 bankruptcy Lender Bankruptcy 52

Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Student loans 122

Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Credit Corp

FEBRUARY 9, 2024

MA non-judicial mortgage foreclosure can take about 120 days, or four months, to complete. Judicial foreclosures vary depending on your state. A nonjudicial mortgage foreclosure can take about 120 days, or four months, to complete. Judicial foreclosures vary depending on your state. What Is Foreclosure?

Foreclosure 52

Foreclosure Lender Bankruptcy Loans 52

Jimerson Firm

SEPTEMBER 22, 2020

Parts 1-3 of this series explored alternative pre-foreclosure loss mitigation options for lenders including acceleration and enforcement of personal guarantees. does not apply to hotel revenues stems from a line of bankruptcy cases decided in the early 1990s. Losing the Right to Collect Rents: Junior Foreclosure Sales.

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Foreclosure Lender Law Firms Collections 98

Roths Child Law

MAY 13, 2024

When homeowners face the daunting prospect of foreclosure, understanding the defensive options available can potentially help them preserve their homes and financial stability. For example, two common types of bankruptcy , Chapter 7 and Chapter 13, offer different benefits and drawbacks in the context of foreclosure.

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Foreclosure Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. Under current bankruptcy law, this lien stripping is only available in Chapter 13 bankruptcy.

Chapter 13 bankruptcy 59

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 59

Troutman Sanders

MARCH 1, 2023

In 2017, the Lender moved for summary judgment against Mr. Kessler on its foreclosure complaint. Mr. Kessler cross-moved to dismiss, arguing that the inclusion of the final two paragraphs in his 90-day notice, addressing bankruptcy status and military membership, violated section 1304’s “separate envelope” provision.

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Foreclosure Lender Bankruptcy Judgment 52

Sawin & Shea

JANUARY 25, 2023

Here’s what you need to know about getting a new loan and interest rate after bankruptcy. Why File for Bankruptcy with Rising Interest Rates If you’re struggling with overwhelming debts made worse by increased interest rates, you may want to consider filing for Chapter 13 bankruptcy. Usually, this is cents on the dollar.

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Chapter 13 bankruptcy Bankruptcy Loans Foreclosure 72

Sawin & Shea

AUGUST 4, 2021

This is when a lender agrees to take less than the total amount owed on the real estate from the sale. Your lender has to approve the short sale and will require quite a bit of documentation and paperwork from you. Your lender has to approve the short sale and will require quite a bit of documentation and paperwork from you.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Foreclosure Lender 52

Jimerson Firm

MARCH 24, 2021

On Tuesday, March 23, 2021, four of our partners presented Properly Handling Mortgage Foreclosures. This webinar addressed what is new in foreclosures, including recent developments in the law since the last foreclosure crisis and how banks can utilize the law to their advantage. There is a tenant in the foreclosed property.

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Foreclosure Financial services Banks Financial Institution 52

Jimerson Firm

NOVEMBER 11, 2020

Site visits allow lenders and CDCs to gain a first-hand impression of the borrower’s business operations, evaluate risks, and inventory the collateral. Frequent site visits help lenders and CDCs make prudent lending decisions by keeping them up-to-date with the condition of the collateral and the borrower’s business operations.

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Collateral Loans Lender Repossession 98

Sawin & Shea

DECEMBER 13, 2022

It’s important to know if your mortgage modification lawyer has successfully modified a loan from your lender. Answering this question is important because mortgage lenders may move quickly toward foreclosure if you get behind on your mortgage commitment. Is bankruptcy a better option? Is bankruptcy a better option?

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Lawyers Bankruptcy Loans Lender 105

Roths Child Law

SEPTEMBER 4, 2021

If you’re thinking of filing for bankruptcy, you may be interested in the impact it can have on other areas of your life. After all, this is a big decision and you need to weigh all of the ramifications carefully so that you can use bankruptcy to its full potential as a debt-relief tool. . Your foreclosure gets put on hold.

Bankruptcy 52

Bankruptcy Foreclosure Lender 52

Roths Child Law

SEPTEMBER 4, 2021

If you’re thinking of filing for bankruptcy, you may be interested in the impact it can have on other areas of your life. After all, this is a big decision and you need to weigh all of the ramifications carefully so that you can use bankruptcy to its full potential as a debt-relief tool. . Your foreclosure gets put on hold.

Bankruptcy 52

Bankruptcy Foreclosure Lender 52

Roths Child Law

SEPTEMBER 21, 2023

Filing for bankruptcy is a significant decision that can be simultaneously stressful and a source of relief for those who choose this path. When someone files for bankruptcy, an essential provision called the automatic stay comes into play. This turn of events is fundamental to the bankruptcy process.

Debtor 96

Debtor Creditors Bankruptcy Repossession 96

Sawin & Shea

OCTOBER 13, 2021

Chapter 13 bankruptcy offers the option of lien stripping. When a court approves the stripping of a lien, after your discharge those lenders can no longer collect debts on that lien or threaten to foreclose on a home for missed payments. Under current bankruptcy law, this lien stripping is only available in Chapter 13 bankruptcy.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lender 52

Fraser

JUNE 25, 2020

It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding.

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Creditors Bankruptcy Unsecured Creditor Debtor 72

Better Credit Blog

APRIL 1, 2022

Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. This would be money well spent if it restored your good standing with lenders in time to secure a loan with low-interest rates. You may spend $400 to $500. Ads by Money.

Bankruptcy 114

Bankruptcy Collection Agencies Collections Agency Foreclosure 114

Jimerson Firm

JULY 30, 2020

In reviewing a loan file after a default by a borrower, lenders should evaluate whether the loan includes an acceleration clause and whether the loan is secured by any personal guaranties. Part 2 of this series analyzed pre-foreclosure loss mitigation options for lenders dealing with hotel/restaurant mortgage defaults.

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Lender Foreclosure Loans Banks 98

PBWT

DECEMBER 22, 2020

In sophisticated real estate financing transactions, most prudent lenders attempt to deter borrowers from filing for bankruptcy before loans are paid in full by providing in loan documents that such a filing constitutes an event of default. Bankruptcy Code to delay the foreclosure.

Bankruptcy 52

Bankruptcy Loans Foreclosure Lender 52

Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. 60 calendar days), the lender/CDC must move forward with liquidating the collateral.

Loans 98

Loans Collateral Lender Foreclosure 98

Sawin & Shea

OCTOBER 25, 2023

If you’ve landed in a fiscal jam, you may wonder if you can file bankruptcy on a timeshare. Declaring bankruptcy will discharge most of your debt, including your timeshare ownership Here is all the info you need on timeshare bankruptcies. In this case, the property will go back to the lender. What Is a Timeshare?

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Foreclosure 52

Roths Child Law

MAY 11, 2021

When you fall behind on payments, the lender who financed the purchase might decide to repossess the vehicle. Repossession usually starts with the lender warning and then formally notifying the vehicle owner about arrears on their payments. Bankruptcy stops foreclosure before the lender takes the vehicle.

Repossession 52

Repossession Lender Collateral Bankruptcy 52

The Kaplan Group

JULY 9, 2024

Ranking of financial district risk of loan defaults We created a score to evaluate which financial districts are more at risk of foreclosure due to the struggle to fill empty offices. Keep an eye on lenders’ responses in these high-risk markets. The post Which US Financial Districts Could See The Most Office Foreclosures?

Foreclosure 52

Foreclosure Bankruptcy Loans Financial services 52

Troutman Sanders

APRIL 28, 2023

Colorado just became the latest state to recognize that a borrower’s bankruptcy discharge does not accelerate secured installment debt or trigger the final statute of limitations period to recover the debt. The lender then has six years to enforce the debt before the statute of limitations period runs.

Bankruptcy 52

Bankruptcy Foreclosure Lender Loans 52

PBWT

SEPTEMBER 8, 2021

Debtors and trustees seeking to avoid the hardship of a foreclosure often attempt to employ sections 547 and 548 of the Bankruptcy Code. [1] A recent adversary proceeding in the United States Bankruptcy Court for the District of New Jersey, Cedrick Goodman v. Debtor filed his bankruptcy on January 15, 2020.

Bankruptcy 52

Bankruptcy Foreclosure Debtor Lender 52

Roths Child Law

APRIL 16, 2021

It may only take a few months of missed payments to motivate your lender to foreclose on your home. Once foreclosure starts, you need to act quickly or risk losing everything you have invested in your home. After he fell behind on his mortgage, the lender eventually decided to foreclose.

Foreclosure 40

Foreclosure Chapter 13 bankruptcy Bankruptcy Lender 40

Jimerson Firm

AUGUST 7, 2020

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? 714.14, Fla.

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Foreclosure Lender Judgment Creditors 98

Credit Corp

JUNE 14, 2023

Lenders don’t necessarily continue to report activity for the entire limit. Foreclosures and Short Sales: Seven Years A foreclosure can remain on your credit reports for seven years from the date the foreclosure was filed. This allows borrowers to comparison-shop lenders.

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Foreclosure Chapter 13 bankruptcy Chapter 7 bankruptcy Lender 89

Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 52

Fraser

JULY 7, 2020

Every real estate loan payment missed by a borrower puts lenders in a more precarious financial position. Economic woes are likely to continue, which means that lenders will be forced to deal with more financially distressed borrowers. In some instances, this means the possibility of foreclosure.

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Lender Foreclosure Bankruptcy Loans 41

Debt Free Colorado

MARCH 3, 2023

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?

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