Last updated:
Posted by: Rob Cohen
Do I Need to Pay My Mortgage If I File Bankruptcy?
Pay the Mortgage in Bankruptcy? Yes, you must pay your mortgage even if you plan to file bankruptcy. Much has been written about the ability of chapter 13 bankruptcy to help homeowners catch up on past due mortgage payments, but beware it’s not a cure all. It’s true, filing a chapter 13 bankruptcy can stop…
Read more
Last updated:
Posted by: Rob Cohen
Filing a Pro Se Bankruptcy is a Bad Idea
Filing a pro se bankruptcy case is a bad idea – Don’t roll the dice! For those of you who don’t know, pro se means that you file the case without the assistance of a bankruptcy attorney. When you file a bankruptcy case by yourself, you are held to the same standards as an attorney. …
Read more
Last updated:
Posted by: Rob Cohen
Qualifying For Chapter 7 Bankruptcy: Timing and the Means Test
Filing date and chapter 7 bankruptcy If you are considering filing a Chapter 7 Bankruptcy case, you may be surprised to learn that the date you file may determine your eligibility for Chapter 7. This is because you must meet one of two requirements to file a Chapter 7 case: (1) you must be below…
Read more
Last updated:
Posted by: Rob Cohen
What Happens to Tax Debt in Bankruptcy?
Will Bankruptcy Help With Tax Debts? In some cases, bankruptcy can eliminate back taxes owed to the IRS as well as to state governments, however the devil is in the details. It is certainly not easy to eliminate tax debts in bankruptcy court. If your taxes don’t qualify for discharge and you file for bankruptcy,…
Read more
Last updated:
Posted by: Rob Cohen
Is an Adjacent Lot Part of the Homestead for Exemption Purposes?
Homestead Exemptions Don’t Protect Investment Property Although homestead exemption laws vary by state, none of them protect investment property. A homestead is, by definition, a primary residence. You don’t necessarily need a white picket fence and a golden retriever, but you must live in the home in order to claim the exemption. As a general rule, investment…
Read more
Last updated:
Posted by: Rob Cohen
Even If You Can’t Afford the Mortgage, Be Sure to Pay These Bills…
It’s no secret that the housing downturn produced a record number of defaults and resulting foreclosures. The worst days are behind us, but many homeowners are still struggling to pay the mortgage. In the event you do fall behind on the mortgage, it’s generally a good idea to try to maintain the following bills for…
Read more