Real Estate Debt that may Survive Bankruptcy

When a Debtor files for chapter 7 in New York and abandons property which is very common they might think they are eliminating all of their debts associated with this property. While many are indeed discharged such as first and 2nd mortgages, real estate taxes, etc, some are not. Fine and penalties incurring after the […]

Foreclosure 101

Bankruptcy may be the solution to mortgage foreclosures. A bankruptcy lawyer can assist a debtor in understanding to foreclosure issues, or negotiate with a lending institution. The volume of foreclosures is still great. Certain foreclosure procedures are not followed as a shortcut to taking back the home from debtors. Mortgage loans used to be done […]