Locking Yourself Out of Court: In re Pertuset

Individuals and businesses rarely want to file bankruptcy, but sometimes it can help save your home or your business and provide one place to deal with all of your creditors at once.  Did you know you can lose the right to file bankruptcy?  Like virtually all court systems, there are

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What Can A Chapter 11 Do For My Small Business

In the current economic environment, many businesses are experiencing financial difficulties.  Small businesses are especially struggling to manage their debt against decreased revenues.  As a result, many small businesses are on the verge of filing for bankruptcy.  But, what type of relief can a small business get in a Chapter

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Top Ten Things To Know About Bankruptcy

1.     Be thorough.  Make sure you have everything you need before you file.  If the attorney is asking for it, it’s because it is needed. 2.     Ask questions.  This goes hand in hand with being thorough.  Don’t leave questions blank, if it doesn’t apply simply write N/A. 3.     Understand the different Chapters.  There are

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What To Do When The Bank Does Not Renew Your Business Loan

It is becoming increasingly common for banks to not renew business loans even where the business has always been current on loan payments. Strict banking regulations are driving these lending decisions. So, what is a business owner to do? 1) Several months before your loan matures, you should begin talking

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Kentucky Foreclosure ADR: A Means to a Better End

Not too long ago, a homeowner faced nearly insurmountable odds if he or she were trying to obtain a loan modification or a short sale while, at the same time, attempting to stave off a foreclosure sale. The homeowner had to fight battles on two fronts.  Although the “arms” of

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GMAC Mortgage

Do you have a mortgage with GMAC Mortgage?  Did you know its owner, Residential Capital, filed a Chapter 11 bankruptcy?  What does that mean for you? If you are current on your mortgage and have no issues with GMAC Mortgage, its bankruptcy probably won’t affect you.  GMAC Mortgage is conducting

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Laura Day’s Top Ten List – Number 2: Credibility

There are some things we see over and over that are really not in your best interest.  Here’s why: #2.       Credibility and lack thereof As a mother, I constantly preach to my children to always “do what you say you are going to do.”  Since they are young adults now, I think they

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