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Bankruptcy

: Florida Bankruptcy Law

Using Chapter 7 Bankrputcy To Battle Mortgage Lender Seeking Foreclosure

By Jonathan Alper

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I probably get one or more calls and emails each day from someone who wants to file Chapter 7 bankruptcy because they are facing a mortgage foreclosure. People believe they should file bankruptcy to avoid a deficiency judgment that they believe will come with foreclosure. My advice is always the samd: Don?t Do It. There are several reasons. First, as previously stated on this Blog, most mortgage lenders have not been pursuing deficiency judgments. How this policy will change with the Economic Re read more

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Full post as published by Florida Bankruptcy Law on September 28, 2008 (boomark / email).

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