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Affirm or Reaffirm After Bankruptcy, It’s Trouble Whatever It’s Called

by admin | Fri, 08/27/2010 - 22:03

You’re told you need to “affirm” or “reaffirm” your mortgage loan to keep your home despite your bankruptcy.  Don’t do it.  Here’s why.

First, I’ll put on my lawyer hat.  It’s called “reaffirm”, although it’s a weird word and people often only remember “affirm”.  It means that you want to re-agree to the loan agreement after your bankruptcy case was filed.  (Re-agree = reaffirm, get it?)

Chapter 12 Farm Bankruptcy Helps Family Farmers Keep Their Farms

by admin | Thu, 08/26/2010 - 22:51

Chapter 12 Bankruptcy is a powerful tool for operators of small farms to resolve their debt problems.  Farming and debt often go hand in hand.  This is particularly true for New York dairy farmers.  They are being paid 20 percent less for unprocessed milk than they received in 2008 – even while milk prices at the store are going up.  Many NY dairy farmers are on the brink of losing to foreclosure their herd, their equipment and their farms.

Signs That You Picked The Wrong Kind Of Mortgage

by admin | Wed, 08/25/2010 - 14:37

Are you having problems paying a monthly mortgage payment?  Are you living in fear of default?  Here are some of the warning signs that your mortgage is a time bomb waiting to go off.

Absolute Right to Dismiss a 13? That’s What It Says

by admin | Wed, 08/25/2010 - 08:02

Modern bankruptcy is largely a voluntary idea, a relief for those in need.  The matching right to drop out of a case is less well recognized.

Don’t Wait Until You’re Completely Broke to Contact a Bankruptcy Lawyer

by admin | Mon, 08/23/2010 - 12:24

People sometimes spend down the last of their cash and then decide they need bankruptcy. This seems like common sense: you go broke and then you go bankrupt. But this is not how it works. There’s a saying that goes, “bankruptcy is not for paupers.” This means that bankruptcy costs money and is usually not for people who don’t have any.

Attorney-Client Relationship: Why Did My Attorney Terminate Our Contract?

by admin | Sun, 08/22/2010 - 18:59

Recently, one of my chapter 13 clients called my office to tell us he was moving to the opposite end of the state.   My client (still in the preparation stages of filing) wanted me to continue to be his bankruptcy attorney.  He was angry that I would not agree to continue to represent him and that our contract had been terminated.    Why would I do this?  Location  Location Location.