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Fleysher Law Blog

Car and Auto Refinance with bad credit and no euity

Auto Refinance in Ch. 13

If you have recently been denied an auto refinance loan because (1) your credit score was too low; or (2) because your car is worth less than the current loan balance; or (3) because your car is too old, you may have another option… Ch. 13 is a type of bankruptcy that provides for a personal reorganization of your finances. In addition to discharging your unsecured debts (i.e, credit cards,

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Bankruptcy, Chapter 7 Bankruptcy, Second lien, Second mortgage, Strip off second lien, strip off second mortgage, Bank of America

Supreme Court Declares 2nd Liens Can’t be Stripped in Chapter 7 Bankruptcy

Banks win out after the Supreme Court ruled on Monday that homeowners cannot rid themselves of a second mortgage by filing for bankruptcy protection. All nine Supreme Court justices unanimously agreed that filing for Chapter 7 bankruptcy will not void a junior mortgage lien when the amount owed by the senior lien surpasses the current amount of the collateral if the homeowner’s claim is both allowed under the bankruptcy code

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bankruptcy, tri county bankruptcy, South Florida Bankruptcy, Lower Bankruptcy,

Personal Bankruptcy Petitions Drop in March

Personal bankruptcy filings have dropped 16 percent between February and March throughout South Florida. This is according to the Sun Sentinel with data that was released in Miami by the U.S. Bankruptcy Court. There were 2,389 new bankruptcy petitions filed by South Florida residents in February but only 2,008 files in March. Personal bankruptcies have lowered by 32 percent, dropping from the 2,969 filed in March 2010. This drop shows

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HELOC, HELOC payments, reset loans, default, underwater properties, inscrease of mortgage payments,

Reset of Loans Causes Increase in Home-Equity Payments

As interest-only periods expire on loans begun during the housing bubble era, 3.3 million homeowners will be facing higher payments during the next four years on home-equity lines of credit, according to RealtyTrac. The Heloc loans that totaled at $158 billion are requiring principal paydowns beginning this 2015 through 2018. There is rising threat over the amount of new defaults due to the new monthly bills increasing an average of

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David Cssidy, Filing bankuptcy, 70s teen idol, attorney fees, accountant fees

‘70s Pop Star Files Bankruptcy

The 64-year-old former teen idol pop star David Cassidy has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Fort Lauderdale where he owns a waterfront property. Mr. Cassidy reported debts included credit cards bills of almost $40,000, a mortgage of nearly $300,000, and a substantial amount in accountant and attorney fees. Judge Raymond Ray is assigned to the case. Cassidy’s assets and debts are estimated to be

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Rental Properties, renting a house, renting an apartment, homeownership rate, should I purchase or rent,

Landlords Gain As Demand For Rental Properties Increase

In a report provided by the U.S. Census Bureau in Washington, D.C. the amount of properties that are inhabited by renters grew by 2 million last year. The number of available properties to rent has fallen 7 percent in the fourth quarter; the lowest is has been since 1993. Since the job market has picked up more young people are about to leave their parent’s home and start their lives.

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bankruptcy attorney, bankruptcy lawyer, Broward County Bankruptcy Attorney, Broward County Lawyer, Palm Beach County Bankruptcy Attorney, Palm Beach County Bankruptcy Lawyer, Miami-Dade County Bankruptcy Attorney, Miami-Dade County Bankruptcy Lawyer

Bankruptcy Attorney Suspended for Overcharging Clients

The biggest bankruptcy attorney in Pennsylvania is now being accused of overcharging hundreds of his clients and misspending thousands of dollars. One victim, Sharon Kaluzny, had to file a Chapter 13 bankruptcy after a tough divorce and caring for sick parents forced her to close down her hair salon in 2006. Ms. Kaluzny paid Mr. Mazzei a $1,000 up front when they met at his Tarentum office in Pennsylvania. The

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bankrupcty, bankruptcy fraud, Broward County Bankruptcy Attorney, Broward County Bankruptcy Lawyer, Palm Beach County Bankruptcy Attorney, Palm Beach County Bankruptcy Lawyer,

Reality Star Sent To Prison For Bankruptcy Fraud

A cast member of the Real Housewives of New Jersey, Teresa Giudice, has begun serving her 15 month sentence for bankruptcy fraud. Mr. and Mrs. Giudice plead guilty to hiding assets from bankruptcy creditors and submitting fraudulent loan applications to retrieve $5 million in mortgages and construction loans. Mr. Giudice also pleaded guilty to failing to pay taxes of well over $200,000 and unlawful use of identification in a state

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Unpaid medical bills, pendnig medical bills, credit score, how unpaid medical bills affect your credit,

Medical Debt Affects A Large Portion of Americans

In a new report of compiled data provided by the Consumer Financial Protection Bureau, close to 20 percent of U.S. shoppers are in debt due to unpaid medical bills. Many Americans seem to be confused by the bills that insurance companies and hospitals are providing for the cost of their treatments. This confusion is causing lower credit scores and making it much harder for Americans to get loans for homes

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Bank of America, Second Mortgage, Foreclosure, Bankruptcy, Supreme Court, Discharge Second Mortgage, Void Second Mortgage, Nullify Second Mortgage,

Bank of America Fights to Keep Second Mortgage From Being Void in Bankruptcy

In a few days the Supreme Court will make a determination of whether homeowners who have filed bankruptcy are eligible to nullify a second mortgage assuming that the property’s market value is lower than the amount owned on the first mortgage. Bank of America appealed twice to the Supreme Court proclaiming that the second loans should not be “stripped off” when a homeowner files bankruptcy even though the primary loan

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