By Glenn A. Brown, DMD, MBA on December 30, 2008
Our bankruptcy law firm often gets the question..”What is an automatic stay and will it stop foreclosure proceedings?”
Let’s assume you are receiving letters from your mortgage company threatening to foreclose on your home. From the moment you file for bankruptcy protection, your creditor must stop their foreclosure and collection efforts. Yes! Their calls to your job, threatening [...]
Posted in Blog | Tagged automatic stay, bankruptcy protection, Chapter 13 Bankruptcy, Chapter 7 bankruptcy, Debt Relief, save your home, stop foreclosure, US Bankruptcy Code
By Glenn A. Brown, DMD, MBA on November 10, 2008
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a “means test” to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around [...]
Posted in Bankruptcy | Tagged abuse prevention and consumer protection act of 2005, bankruptcy protection, bankruptcy relief, BAPCPA, chapter 13, Chapter 7 bankruptcy, debtors, means test, median income
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