by Mark J. Markus | Oct 31, 2011 | collections issues, debt collection, Uncategorized
In Part 1, we learned a few important things that debt collectors won’t tell you. Click here to see that post. This is the second (and last) installment of things debt collectors won’t tell you or don’t want you to know. These are taken from a...
by Mark J. Markus | Oct 24, 2011 | foreclosures, etc., Uncategorized
A while back I wrote about the perils of waiting too long to file a bankruptcy case (see Dangers Of Waiting Too Long To File Bankruptcy). One common theme that is becoming ridiculously frequent is people waiting for loan modification approval to save their homes from...
by Mark J. Markus | Nov 11, 2010 | Bankruptcy Law, chapter 13, chapter 7, co-signers, credit card debt, Uncategorized
Does Bankruptcy Eliminate Debts Of Cosigners? A question I frequently get asked is whether filing a bankruptcy case will eliminate the liability of any co-debtors or co-signers on loans or other debts owed by the party filing bankruptcy. The answer is no unless, of...
by Mark J. Markus | Oct 11, 2009 | Lien Avoidance, Uncategorized
A major source of confusion among people who file for bankruptcy is whether debts on which there is a judgment or lien can be removed (or discharged) in a bankruptcy case. Yes, they can. If certain criteria are met. Part of the confusion comes from misuse of the the...
by Mark J. Markus | May 29, 2009 | chapter 7, Los Angeles BK Issues, means test, Uncategorized
Loan repayments to a 401k plan cannot be used as a budget expense on the means test. The Ninth Circuit Court of Appeals ruled today, in the case of In re Egebjerg, that 401k loans are not a debt as defined in the bankruptcy code and as such, the amount of any loan...
by Mark J. Markus | Apr 9, 2009 | chapter 13, real estate issues, Uncategorized
The following is just in from the American Bankruptcy Institute: MORTGAGE MODIFICATION, EXECUTIVE COMPENSATION LIKELY TO BE DROPPED FROM SENATE AGENDA Senate Democratic leaders appear likely to drop several high-profile legislative issues from their agenda, including...
