Month: June 2018

What to Expect at Your Bankruptcy 341 Meeting

One of the most potentially unnerving parts of filing for bankruptcy is the requirement to attend certain hearings in person. In addition to going before a judge to have your case confirmed, you must also attend a meeting of creditors with your trustee. This meeting is one of the most crucial parts of your bankruptcy case since the actions of the trustee and your creditors could potentially derail your filing. Knowing what to expect at your bankruptcy 341 meeting will help to reduce some of your[...]

Pre-Closing Checklist for Sellers

Over the past few years the Florida real estate market has fluctuated wildly, creating apprehension for both buyers and sellers. In 2017, the market experienced a strong rebound, making it possible for sellers to benefit from rising property values. Sellers who want to benefit from the pricing increase and slight inventory decrease are eager to list their properties, expecting a quick sale. Unfortunately, even in a seller-friendly market it is possible for a small oversight to sour or completely[...]

What to do if Your Chapter 13 Bankruptcy Case is Dismissed

After filing for Chapter 13 bankruptcy debtors are required to make monthly payments to a bankruptcy court trustee. These payments are distributed to various creditors, including a debtor’s attorney and the trustee him or herself. At the end of the bankruptcy, the petitioner will receive a discharge that prevents creditors from pursuing him or her for additional payments and allows the petitioner to have a fresh start with his or her credit. However, failure to meet certain terms may result in[...]

What Not to do After Qualifying for a Mortgage Loan

Finding a lender is probably the most important step in the home buying process. Shopping for a house knowing that you have been pre-approved for a certain amount gives both the buyer and seller a sense of security. Unfortunately, some new homebuyers do not realize that getting pre-approved for a mortgage loan does not guarantee that the bank will pay the seller at closing. Making certain financial choices after being prequalified can drastically decrease your chances of having your loan funded.[...]

Why Bankruptcy Cases are Dismissed

  Filing for bankruptcy is a stressful experience that requires multiple court hearings, meetings with an attorney, and a thorough review of your finances. While these things are unpleasant they are usually viewed as a reasonable inconvenience by those drowning in debt. Unfortunately, in some situations the bankruptcy case is abruptly dismissed before the filer is able to receive any benefit from the choice. Understanding why bankruptcy cases are dismissed will help you avoid making a mista[...]