Archive for the ‘Chapter 7 Bankruptcy’ Category

My Attorney Is An Idiot! I Wanted To Keep My House In My Chapter 7 Bankruptcy

Years after your bankruptcy discharge has been granted in Chapter 7, you may still be grappling with the concept of a “reaffirmation agreement” for your mortgage.  This can come up, for example, if you try to re-finance the home.  Or, if you are monitoring your credit report, like you should be, and the trade line […]

Upside Down Car Loans: Is There Hope in Chapter 7 Bankruptcy?

A recent story in the Detroit Free Press observed that nearly one out of every three car loans in the United States is “upside down.” Stated another way, the driver is paying more on the car loan than the car is even worth.  And who knows the status of the automobile industry better than the […]

Supreme Court Declines to Extend “Lien Strip” Rights to Chapter 7 Debtors

In my most recent blog post, I wrote about  Bank of America, N.A. v. Caulkett (575 U.S. _____) (2015)

Supreme Court to Decide if “lien strips” are Valid in Chapter 7 Cases

It is about time the honest but unfortunate homeowner gets a break in Washington, D.C.