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Bankruptcy

: Arizona Bankruptcy Attorney Blog

Loan Modifications and Bankruptcy: Why I Hate Loan Modifications Almost as Much as Reaffirmations.

By Joseph McDaniel, Esq.

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So I'm looking through the mail, like you do when you're a bankruptcy lawyer in Arizona.

And I say see an important looking envelope from a giant bank, and the letter says that they have approved one of my clients for a trial loan modification of some sort or another.

So I say, how nice.

Then I read it a little more closely.

And it says, the first payment on this trial loan modification must be made on or before 1/1/2011!

You see the date on this post? It's not 1/1/2011, is it?

You see why I hate loan modifications?

Contact an Arizona Bankruptcy Attorney
NOTHING IN THIS BANKRUPTCY BLOG CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY ATTORNEY WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY THINGIE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, GILBERT, CASA GRANDE, OR ANYWHERE ELSE IN ARIZONA!

Full post as published by Arizona Bankruptcy Attorney Blog on January 26, 2011 (boomark / email).

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