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Fleysher Law Blog

truths of bankruptcy, truth about bankruptcy, bankruptcy truths, dos and donts, bankruptcy tips, tips about bankruptcy,

Do’s and Don’ts of Bankruptcy

DO: Be honest about all of your assets. Even if you think there is a chance that you might lose it, there are probably other ways in which your attorney can prevent that or you may need to come to terms with that possibility. If you don’t list it and the court finds out, it will be taken or the case will be dismissed for fraudulent activity. DON’T: Transferring property

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Chapter 7 bankruptcy, Ch. 7 bankruptcy, filing for bankruptcy, file for bankruptcy, bankruptcy attorney, bankruptcy lawyer

What is Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy comes from the 7th chapter of the bankruptcy code. It is also known as the “liquidation” bankruptcy because the Trustee has to liquidate, or sell, all nonexempt property in order to repay your creditors. The majority of individuals who file for Chapter 7 get the keep their property, however there are some states that are more charitable than others. The process normally takes about 3 months

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harassing creditors, manageable fees,

What is Chapter 13 Bankruptcy?

If your debts are getting out of your control but your income is still more than the median of the state and you have been living in the same state for the past two years, you can still file for bankruptcy. A Chapter 13 bankruptcy was put in place for those who still have some “disposable” income after paying all their expenses and/or for those who’d like to keep the

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ch. 7 and ch. 13 bankruptcy attorney

No Shame in Filing for Bankruptcy

From a young age people are persuaded by means of seductive language and/or highly skilled advertising techniques to purchase products and services deemed essential for their lives, even if those products or services are out of their financial reach. Many of our leaders have told us that it is our patriotic duty to spend, and you need look no further than former President George W. Bush urging the American people

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Foreclosure Attorney Foreclosure Defense Lawyer

Florida Foreclosures Still High But in Decline

For Florida, it may be a turning point in the foreclosure crisis. When compared year to year, the foreclosure rate in Florida is down nearly 37% making it the lowest it has been since 2008. That equates to fewer than 4 million people who are not current on their mortgage. In Florida, 12% of homeowners with mortgages are not current on their payments ranking it third out of fifty in

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Bankruptcy Attorney Mortgage Real Estate Cram Down Ch. 13

Using the Bankruptcy Cram Down to Save Investment Property

Many clients come in to my office seeking assistance with modifying their investment property mortgages. The first question I am usually asked is “will the bank reduce my principal down to what the property is worth?” The answer is that meaningful principal forgiveness is very rarely offered in conventional “HAMP” or “Proprietary” modifications. Unfortunately, this results in investment properties becoming unaffordable and impossible to maintain. However, these clients are often

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Bankruptcy, Loan Modification, Short Sale, Foreclosure Attorney

FHA Mortgage Applicants with Recent Foreclosures Offered a Pass

The Federal Housing Administration has instituted a new program called “Back-To-Work-Extenuating Circumstances” to assist potential borrowers who faced financial hardship during the recession. This program, which began August 15th, 2013 provides a second chance for mortgage applicants who have experienced financial hardship such as unemployment or a severe reduction in income beyond the borrower’s control. This program is designed to assist borrowers with a recent history of foreclosure, judgment, short

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Florida Foreclosure Attorney

New Foreclosure Cases Down from May 2012

According to the Clerk & Comptroller’s office, new foreclosure filings in Palm Beach County have dropped when compared with June 2012 and May 2013. Last June Palm Beach County had 1,249 new cases while this June saw only 1,001 new filings, a 19.9 percent decrease. New filings also decreased 6.2 percent in June compared with May of this year. According to Clerk Bock, “In June we saw the highest number

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Foreclosure Attorney Foreclosure Defense Lawyer

Florida Remains a Leader in Nationwide Foreclosure Statistics

Florida remains tops in the nation for the highest percentage of distressed homes and the number of completed foreclosures, a new report has found. The state’s foreclosure inventory (properties in some stage of foreclosure) stood at 8.6% of all mortgaged homes in June, real estate data provider CoreLogic said Tuesday. While that rate is down from a revised 8.8% in May and from 11.5% in June of last year, it

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Foreclosure Attorney Foreclosure Lawyer Short Sale Attorney Short Sale Lawyer

Former Miami Dolphins QB Daunte Culpepper Surrenders Florida House in Foreclosure

Daunte Culpepper’s 2006 signing with the Miami Dolphins was so disastrous that the repercussions are still being felt. In a foreclosure case, the former NFL quarterback has lost a home he bought for about $3.6 million back when he was traded to the Dolphins. He surrendered the nearly 10,000-square-foot home to SunTrust Bank back in April in lieu of foreclosure, Broward County court records show, and the bank dropped its

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