In the recent case of In re Gonzalez, 2016 WL 2944281 (Bankr. E.D. Pa. 5/19/16), the court allowed the debtor to redeem her real property that was sold at a tax sale through her Chapter 13 plan. In this case, the city sold the debtor’s home for unpaid real estate...
In a recent case, In re Gons, 2015 WL 6082125 (Bankr. E.D.Va. 10.15.15), the bankruptcy court granted the Chapter 7 Trustee’s motion to sell the debtor’s real estate because there was equity in the property sufficient to pay claims. In the Goins case, the debtor filed...
In Maryland and many other states, a husband and wife may own property together as tenants by the entirety (“T by E”). Owning a home as T by E can provide a safe harbor against creditors. A notable case in Maryland on this issue is Schlossberg v. Barney, 380 F.3d 174...
Many condominium owners who file bankruptcy are no longer interested in retaining the property. The law provides that any condo fees that had accrued before the filing of the case will be discharged, however, those that accrue after the filing, are required to be paid...
It happens all the time. A family member has poor credit, but needs to buy a car. The down payment and interest rate proposed by the car lender is much more than he can afford to pay. The car dealership tells him that if he finds a co-signer for the car loan with good...
In the recent case of In re Glenn and Henry, WL 4035130 (Bankr. N.D. Okla. 7/1/15/), the bankruptcy court sustained the debtor’s objection to an amended claim filed by their mortgage lender. At the time they filed their Chapter 13 case, the debtors filed a plan which...
You may have filed bankruptcy before and told yourself, “I will NEVER do that again.” But then life happens and you lose a job or have a medical emergency, and you find yourself overwhelmed with debt and are considering filing bankruptcy again. Or, perhaps you...
In the recent case of In re Klass, 2015 WL 3537100 (Bankr. W.D. Pa. 6/4/15), the bankruptcy court ruled that the debtor could cure a default in her plan payment, even after the 60 month limit expired. In this case, the debtors were $1,123.00 behind in their plan...
Millionaire professional athletes have it easy, right? No money worries for the rest of their lives once they make it big, right? Well, as it turns out, former NFL players are just as likely as anybody else to file for bankruptcy—despite their millions. A recent study...
Two debt collectors, Jefferson Capital Systems LLC and Resurgent Capital Services were recently fined $1,000 for filing claims that they knew were beyond the statute of limitations to collect. The claims were filed in the Chapter 13 case of In the Matter of Sekema,...