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: mortgage
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 ...
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 ...
