Category Archives: Bankruptcy
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Continued from The Magic of the Automatic Stay Many legal writers have observed that the purpose of the stay is to provide a “breathing spell” while the facts in a bankruptcy case are sorted out. Each statutory provision controlling the specific stay relief that arises automatically upon the filing of a bankruptcy petition is set… Read More »
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Tax season is on us once again and many are thinking about how to make the best use of any tax refund to pay down their obligations. Be aware: scammers are out there and are plotting strategies to separate you from your hard-earned tax refund and your income. In a blog published September 18, 2012,… Read More »
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A recent report entitled, “Florida Homeowners Foreclose On Deadbeat Banks”, provides an interesting and unusual commentary on one effect of the on-going “soft” real estate market, especially for an “REO” property which the lender is unable to sell or rent. REOs (Real Estate Owned) include homes foreclosed by a lender which the lender still owns. Lenders at a foreclosure sale with “no bid”… Read More »