Under federal law, there are several types of bankruptcies available to debtors. A Chapter 7 is the most common form of bankruptcy, and involves a process of liquidation. In a Chapter 13 bankruptcy, a debtor does a reorganization and proposes…
Posts Tagged With: loan modification
California Debt Blog: Homeowners still in trouble despite billions in bail out
The Sacramento Bee reported today that homeowners are still in trouble and still facing foreclosure. That is not news. The news? Billions have been given to the loan servicers and they are still not helping people. In fact, the Government…
California Debt Blog: Bank of America Won’t Deal with ACORN
Bad news for ACORN: Bank of America will not deal with them for loan modifications. Bank of America and 13 other lenders have been asked by Congress for details about their dealings with ACORN. Worse news for California homeowners: With…