Every creditor has the right to challenge your ability to write off your debts in bankruptcy. But none of them likely will. Why not?
Most of the time your attorney will know which debts will be legally written off in your bankruptcy. But not always, for two reasons.
The point of filing bankruptcy is to get relief from your debts. So, when and how DO those debts get "discharged"--legally written off--in a regular Chapter 7 bankruptcy?
Homeowners who lost their homes to foreclosure may need to commit perjury to get restitution payments through the settlement. That would be the deepest kind of insult on injury.
What qualifies you to receive the $1,500 to $2,000 restitution payment for losing your home to foreclosure? More clues have just become available.
When a small business fails, its owner or employee is sometimes accused of causing or hastening that failure through fraud or other intentional bad behavior. If that person is already considering filing a bankruptcy to deal with the financial fallout of the closing of the business, how are those accusations going to be handled in that bankruptcy case?
The settlement documents of the deal that was announced more than a month ago were finally completed and filed at court on Monday, March 12. They catalog page after page of serious wrongdoing by the banks in their servicing of mortgages and processing of foreclosures.