WHAT TO DO IMMEDIATELY IF YOU RECEIVE A LAWSUIT FROM FORECLOSURE.
The first step in a foreclosure lawsuit is that the notice of the lawsuit of Foreclosure, which is mailed to the property owner, and submitted to the county court. This notice is known as Lis Pendens… You have exactly 20 days to officially respond to this demand, through the Clerk of court or “Clerk Of […]
HOW DO I DEFEND MY MORTGAGE?
The idea that the bank could take away our house is terrifying (it gives us a lot fear), which is why a foreclosure can be a very intimidating process and should notface it without legal help. After having defended hundreds of families from the foreclosure I can tell you that there are many options available, […]
WHAT IS A CHAPTER 13 BANKRUPTCY?
Chapter 13 bankruptcy is a 3-5 year monthly payment plan, which is developed by the person applying and must be approved by the court taking into account account the financial status of the applicant … Chapter 13 allows you to stop calls creditors … consolidate all your debts into one debt … reduce the amount […]
WHAT IS BANKRUPTCY CHAPTER 11?
Chapter 11 bankruptcy is the least known, but it is also the one that we usually watch the news, because this is the chapter that companies use. Chapter 11allows companies that are normally financially healthy, but are Going through a crisis, restructure your debts without pressure from creditors. In addition, it makes it possible to […]
BENEFITS OF BANKRUPTCY CHAPTER 11 FOR COMPANIES.
Chapter 11 bankruptcy refers to corporations and companies … These are 3 Chapter 11 benefits… FIRST, it allows the business to continue operating, in instead of closing. Far from being the end of the business, it is a legal tool that allows you adapt and modify its business model, this, in order to make the […]
WHAT IS A 341 MEETING AND HOW TO PREPARE FOR IT?
The 341 meeting or “341 meeting” is the mandatory meeting between creditors and the debtor, which the court must carry out during the Chapter 7 process.occur 30 days after the application is submitted to the court. In this court, the applicant You present your case to the Trustee, who is the court-appointed official. It is […]
BASIC REQUIREMENTS TO QUALIFY FOR CHAPTER 7 BANKRUPTCY
To qualify for Chapter 7 bankruptcy in the state of Florida, you must comply with certain requirements … These are 3 basic requirements … first … Be a Florida resident for a minimum of 2 years, or owning property in Florida (for two years ??)… second… File an income and debt statement showing that it […]
HIDING ASSETS FROM THE COURT IS NEVER A GOOD IDEA.
Hiding property, omitting information, or trying to mislead the court in any way Bankruptcy, or your bankruptcy attorney, is always a bad idea. The best that You can do is tell your lawyer the whole truth, as you know it, and tell him what you would like to accomplish. This way your attorney can tell […]
FAMOUS PEOPLE AND COMPANIES THAT HAVE DECLARED BANKRUPTCY.
Most, if not all, of the people and businesses on this short list of people who have filed for Chapter 7, 11, or 13 bankruptcy were successful again after bankruptcy. Not only celebrities declare bankruptcy, most likely you know several people who have used this legal protection, but they have not commented on it.
BRIEF HISTORY OF THE BANKRUPTCY LAW
In England, Henry VIII passed the first bankruptcy laws in 1542. In the United States the first bankruptcy laws were passed in 1800, but they were mostly temporary responses to troubled economic situations. After the great depression of 1929, the 1933 and 1934 Acts were passed, with the intention of giving the debtor a new […]