You filed for bankruptcy and now are contemplating a short sale. Maybe you got a phone call or a letter from some "workout consultant" who "specializes" in these sorts of things. Perhaps a real estate broker called to let you know someone wanted to buy your house but it would need to go ...
Tag Archive: foreclosure
Automatic Stay Relief – How And When Creditors Get It
Let's say you file for bankruptcy and get the benefit of the automatic stay. You've got a mortgage or a car loan so when you file for bankruptcy the lender can't ...
What Actions The Automatic Stay Covers
We've talked about the power of the automatic stay in bankruptcy, and how it halts actions against you and your property once you file for bankruptcy. Now it's important to review the ...
New York Homestead Exemption
The New York homestead exemption is $50,000 per debtor-homeowner. This means that when you file for bankruptcy in New York and own a home, you can have up to $50,000 of equity in your primary residence ($100,000 for a married couple) and your home will not be taken or threatened by the bankruptcy trustee. If ...
