by Jill Sullivan | Apr 22, 2025 | Bankruptcy
Understanding Short Sales A short sale occurs when a borrower sells their property for less than the balance remaining on their mortgage, typically with the lender’s consent. This alternative to foreclosure is commonly sought when the borrower faces financial...
by Jill Sullivan | Apr 22, 2025 | Bankruptcy
Watch for in Repeat Filers When a debtor files for bankruptcy once, it often comes as a blow to the creditor’s expectations of repayment. When that same debtor files again—and sometimes again after that—the impact is compounded. Known as repeat filers, these...
by Jill Sullivan | Apr 14, 2025 | Bankruptcy, Litigation
When a borrower files for bankruptcy, it instantly alters the legal playing field—not just in bankruptcy court but in state courts as well. Creditors with active or pending litigation in state courts often face significant uncertainty about what happens next. Do their...
by Jill Sullivan | Apr 9, 2025 | Bankruptcy
The 341 Meeting of Creditors is a crucial milestone in any bankruptcy case, offering creditors a unique opportunity to question the debtor under oath and protect their financial interests. However, many creditors either misunderstand the purpose of this meeting or...
by Jill Sullivan | Apr 3, 2025 | Bankruptcy
When a borrower files for Chapter 13 bankruptcy, creditors often face significant uncertainties regarding debt repayment. To effectively navigate this process and safeguard financial interests, creditors must thoroughly analyze the feasibility of a debtor’s Chapter 13...
