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Why sudden job losses put people at risk of bankruptcy

Roths Child Law

When they can't find a job that offers comparable pay, they may find themselves unable to pay their bills at all in facing foreclosure, repossession or lawsuits from creditors. Even successful professionals typically only have enough money in savings to cover their cost-of-living expenses for a month or two.

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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is the Purpose of the Act?

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10 Common Questions About Bankruptcy

Debt Free Colorado

Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? Are My Creditors capable of appealing My Bankruptcy? What Debts are Discharged in Bankruptcy? Those who are no longer able to pay their debts can, however, start over through a legal process. What Can’t Bankruptcy Do?

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. Creditors are prohibited from contacting you after your petition is filed. Additionally, not all unsecured debt is dischargeable under Chapter 7. Chapter 13 (Reorganization).

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Can I Keep My Home in a Chapter 7 Bankruptcy?

Sawin & Shea

Filing for Chapter 7 bankruptcy , also called liquidation bankruptcy, allows you to discharge all or most of your debt. Upon filing a Chapter 7, you receive automatic court-oredered protection from creditors and aren’t subject to lawsuits, repossessions, or wage garnishments. We are here to help.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. According to the CFPB, civil judgments are “both common and unevenly distributed.”