Board Certified Specialist in Bankruptcy
It’s easier to answer the second part of the question first, so how long does it take to complete or process a bankruptcy case in the court system?A typical Chapter 7 case is open approximately four months, and, assuming that a discharge is ordered by the bankruptcy courts, dischargeable debts are discharged as of the date the petition is filed (not the date the case is closed).A typical … [Read more...]
When we warn clients about the rocky road toward a permanent mortgage modification, and why bankruptcy protection may make more sense for them, they always think THEY will be the one who succeeds. Odds of seeing the Loch Ness Monster are worse, but not by much. Only 35% of applicants have received permanent modifications, and, in our clients’ experience, the permanent modification sometimes … [Read more...]
Earlier this summer Standard and Poors published an article that included data on Charlotte North Carolina home prices, reporting that home prices slipped 2.8% from last year (May 09 to May 10). The big picture: foreclosures, home prices, personal finance Foreclosures tend to drag down home prices, complicating the housing market's struggle to recover. The housing rebound that economists once … [Read more...]