Legal advice – clarifying the facts:
Making sure that your business documents are all in order is vitally important for any business, particularly if you are trading with international partners across the globe. At Net Lawman, we make sure that you get the best legal advice and legal information that’s relevant to you – and [...]
Most consumers know bankruptcy can eliminate some types of debt, but they are unsure which type of bankruptcy to consider. There are two types of consumer bankruptcy. Chapter 7 bankruptcy is a type of personal bankruptcy and can be referred to as straight bankruptcy. Chapter 13 bankruptcy is another form of personal bankruptcy and is [...]
There is little doubt that most people and businesses are glad to see 2009 pass, but what does 2010 hold in store particularly when it comes to bankruptcy filings? Let’s take a look.
The 2009 calendar year saw the bankruptcy filings of companies that were once thought impervious to such a development. Two that immediately come [...]
Does the following scenario sound familiar to you? The Smith family has had a difficult year financially. John Smith lost his lucrative career as a result of cutbacks to middle management at a previously thriving construction company and has been working two jobs in retail for several months. Jane Smith recently re-entered the workforce after [...]
Removing Property Liens in Chapter 7 Bankruptcy
By Jacqueline S. Edington, Paralegal
Normally a second mortgage lien can not be removed in a chapter 7 bankruptcy. However, if the creditor has put a “judgment” lien on the home instead of a “mortgage” lien; it can be done. We recently had a debtor [...]