After filing a Chapter 7 bankruptcy, you or your attorney may receive what's called a “reaffirmation agreement” from your mortgage lender, likely accompanied by a letter trying to convince you that you should sign it. What that letter is not going to tell you is the most important piece of information – why signing is NOT in your best interest. That is what I am going to explain to you here. A reaffirmation agreement is basically a brand new legal contract that revives your personal liability on the mortgage note – a liability that will otherwise be wiped out when you receive your discharge in your bankruptcy case

Go here to see the original:
Should I Sign A Reaffirmation Agreement On My Mortgage After Filing For Chapter 7?

Many Creditors have found themselves in the position of being owed a significant amount of money but having no way of collecting that money. In some situations though, the Creditor may be privy to information that the reason they are not being paid is not due to a lack of funds by the Consumer or business, but rather due to the fact that the funds are being diverted to other parties or even being embezzled. If this is happening, what options do Creditors have?

Link:
Involuntary Bankruptcy

With the increasing numbers of companies which were once thought to be giants of industry filing for bankruptcy, more opportunities to purchase major assets are becoming available to savvy buyers looking to expand their business or asset base. The Bankruptcy Code provides debtors with the ability to liquidate all or a part of their assets through court-supervised sales and buyers with the ability to obtain those assets at more favorable prices than they would pay if the sale were consummated outside of a bankruptcy.

Originally posted here:
One's Crisis is Another's Opportunity: Section 363 Sales

Back in the 1970's there was a margarine sold under the brand name Chiffon. (Or so I've been told. The '70's were a little before my time). According to the commercials, the margarine tasted so much like butter that it fooled Mother Nature.

Visit link:
It's Not Nice To Fool Your Bankruptcy Attorney!

1099 C forgiveness of debt is really income to you in the year the debt was written off. WHAT? You bet. A creditor is required by law to issue a 1009 C to any individual that settles a debt or has a debt written off that is in excess of $600.

Continue reading here:
The Dreaded 1099C -Forgiveness of Debt

I recently wrote a 2-part series on strategies for California business owners to stay in business while filing for Chapter 7. However, saving a business isn’t always possible. Here are some of the signs that I look for when telling a client that it may be time to close their business.

See more here:
7 Signs That It May Be Time To Close A Business

Question: I’m planning on doing a consumer proposal and planning on going back to school and would probably need to apply for a student loan. On top of this I have a 6-7 year old student loan with up to date payments on it. How do you assess this situation

Read the original:
Plan on going back to school after filing a proposal

http://www.vbacertification.com/ News Release for January 4, 2010 The first online exam has been developed for virtual assistants by Victoria Ring, Certified Paralegal and Bankruptcy Specialist. The Virtual Bankruptcy Assistant Certification Exam is comprised of fifteen separate quizzes that measure a variety of skills including an accurate analysis of the bankruptcy petition preparation skills of the virtual assistant

Read the rest here:
The First Online Virtual Assistant Certification Exam developed by 713Training.Com

Using cash usually makes more sense than credit. You don’t have to deal with interest, you know you can’t spend more than what’s in your account and the act of physically parting with your money makes you less likely to splurge — and wind up in debt. But there’s at least one pitfall to paying with paper – ATM fees

More:
Watch Out for ATM Fees That Add Up

As Chino loan modification lawyers, we have long been cynical about the behavior of mortgage lenders when their financial interests oppose the common good.

The rest is here:
Study Finds Lenders Routinely Ignore New York State Foreclosure Settlement Law