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What Is a Proof of Claim in Bankruptcy?

Proof of Claim: How Creditors Get Paid in Chapter 7 and Chapter 13 Bankruptcy [caption id="attachment_2565" align="aligncenter" width="300"] Image by LawCN88 courtesy of Wikimedia Commons[/caption] The Proof that a Creditor Holds a...

Foreclosure & Short Sale Mortgage Tax Break Expires

Bankruptcy Now the Only Sure Way to Avoid Taxable Penalties for Walking Away from Real Estate Short Sales Now a Worse Deal than Ever As reported by the Los Angeles Times here, the tax break extended to homeowners who have experienced a...

Paying Balloon Payments through Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Can Modify a Required Balloon Payment Force a Lender Accelerating your Balloon Payment to Accept Installments Over Time A balloon payment is a large lump sum payment required upon the termination of monthly installment...
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