In a word, yes. Filing for bankruptcy allows the opportunity to surrender cars and real estate with no continuing obligation. North Carolina hasn’t been as hard hit as other states in the current housing crisis, however, I still meet with clients all the time who owe more than their homes are worth and can’t find a way out.

Written by Craig D.

If you're trying to move in or out of a house in the coming year, these real estate tips will help.

Richard Stokan from our office recently wrote an interesting post here about the practical aspects of negotiating reaffirmation agreements.  In short, a reaffirmation agreement is a new contract signed between the debtor and a lender that reaffirms the debtor’s personal liability for a debt (typically an automobile or home).  This agreement essentially states that the debtor will continue to pay all or part of the debt obligation (depending upon what is negotiated) to t

Ex-ballplayer Lenny Dykstra, aka Nails aka The Dude aka Dirt, is apparently living up to that last nickname in bankruptcy court.

Introduction

As we approach the end of the year there are a number if issues we should keep in mind. All are important but at differing levels depending on our own circumstances

In addition to tempting fate with his assertion that neither foreclosures, bad commercial real estate loans nor high unemployment would send the economy back into freefall, Geithner also appeared to contradict himself on the reasons for a contraction in commercial lending.

Short Answer: Yes
Long Answer: Yes, and it is still permissible to also claim the wildcard exemption in bankruptcy if the mobile home sits on a lot rented and not owned by the homeowner.