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How Does Chapter 7 and Chapter 13 Affect My Garnishment?

Garnishment is a legal process that allows creditors to deduct money from a debtor’s wages or a bank account. If you are facing severe financial difficulties, you may be able to prevent creditors from garnishing your wages by filing for bankruptcy.

But how does a bankruptcy affect your garnishment? Will you receive back money from the court when you file bankruptcy, and going bank how long? Will the trustee let you keep the money once you file? You will find the answers to these questions here in this article.

How a Bankruptcy Affect Garnishment?

After filing for bankruptcy, you will be protected from the creditors. The court will notify your creditors about the bankruptcy filing preventing them to collect any debt.

Your garnishment will be affected differently depending on the type of bankruptcy you file. Here are the ways in which your garnishment will be affected by a Chapter 7 and Chapter 13 bankruptcy.

Garnishment when Filing Chapter 7 Bankruptcy

The court imposes an automatic stay on your creditors after you file a Chapter 7 bankruptcy. Your creditors won’t be able to collect any debts from you. They will be ordered by the court to immediately stop any wage and bank account garnishment.

Garnishment when Filing Chapter 13 Bankruptcy

When you file a Chapter 13 bankruptcy, all debt collection actions including garnishment must be stopped by creditors. The debts are reorganized in order to be paid over a period of three or more years. However, any remaining debts after the completion of the payment period will be discharged by the court.

You can also get bank money garnished by creditors in certain situations after filing a bankruptcy. While the specific rules differ in each state, generally, you can get back the money, if:

  • The debt is dischargeable, or exempted in the bankruptcy petition
  • Money was garnished within 3 months (90 days) of filing for Chapter 7 or 13 bankruptcy
  • The amount taken was greater than $600

Other Things to Remember Regarding Garnishment and Bankruptcy

Keep in mind that it may take a few days to a few months before you can get back the garnished money. Also, you should remember that there are certain exemptions to this rule — most notably student loans and child support collections.

Furthermore, whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, the Trustee has the legal right to claim the money. In most cases, the Trustee does not claim the garnished money that you get back unless the amount is greater than $2,000. But if the Trustee makes a claim, the amount will be used to pay back your creditors.

Lastly, you should remember that if your bankruptcy request is denied within a year of filing, an automatic stay will last for 30 days. The automatic stay won’t kick in when you file a bankruptcy for a third time during a year.

Contact a professional bankruptcy attorney to know more about how a bankruptcy will affect your garnishment. An experienced attorney will offer you qualified legal guidance based on your specific situation.

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

How Do Judgement Liens Affect a Bankruptcy?

A judgement lien is a court ruling that gives security interest to a creditor against a debtor’s property. Once a creditor obtains a judgement lien, the property can be sold to fulfill debt obligations.

An important question that comes up quite often when filing a bankruptcy is: how does a bankruptcy affect a debt that is now a judgment lien? In this article, you will learn what happens to a judgement lien after filing for a bankruptcy, and also whether you can avoid it.

Here are some important facts that you should know regarding bankruptcy and judgement Liens.

1. Judgement Lien is Not Discharged After a Bankruptcy

Judgement liens generally pass unaffected after a bankruptcy discharge. The lien will not be released until the debt has been repaid by the debtor.

A bankruptcy discharge only gets rid of a debtor’s personal liability. A lien on a property that is liable for fulfilling debt obligations will remain.

2. Debtor Must Make a Request to Avoid a Lien

While a judgement lien is not discharged, a debtor can file for a formal motion in the bankruptcy court to eliminate the judgement lien. The motion should specifically mention the statutory elements as per the Bankruptcy Code that gives the right to the debtor to avoid the lien.

A bankruptcy judge may grant the request to avoid judgement lien in case the following two conditions are met.

  • The judgement lien was ordered on debt that was presented before you had filed for bankruptcy
  • The property does not have a significant equity to pay the judgement lien

Remember that the right to avoid judgement lien is available for both Chapter 7 and Chapter 13 bankruptcies. If you have filed Chapter 7 Bankruptcy, you should check the “Property is claimed as exempt” on the Statement of Intention to claim the exemption.

Sometimes a judgement lien is overlooked when filing a bankruptcy, and it pops up only when you are about to refinance or sell a house. In such as a case, you need to reopen a bankruptcy case to gain exemption.

An order to void a judgement lien may take about 45 to 60 days after filing a motion. So, you need to plan appropriately. In case you can’t wait long to refinance or sell your house, you should consider requesting an escrow to hold the money until a court order is made in this regard.

3. Statutory Judgement Liens Cannot be Eliminated

Statutory judgement liens cannot be eliminated in Chapter 7 bankruptcy. For instance, you cannot claim exemption from tax liens when filing the bankruptcy.

In a Chapter 13 bankruptcy, you can avoid statutory tax liens if the lien is greater than the value of the underlying asset.

Summing it All Up

Judgement liens are not eliminated after filing for bankruptcy. The liens survive the discharge during a bankruptcy. However, you have the right to request for the lien to be voided.

You can request a court to void a judgement lien on a property that has little or negative equity. A professional bankruptcy lawyer will help you make a successful request in court. The legal professional can advise you whether you can eliminate the judgement lien by filing a motion.

Getting the help of a professional bankruptcy attorney will be worth it as it will help you in keep possession of your property when you file a bankruptcy.

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

Meeting of Creditors: What is It and How do I Prepare?

Everyone who files for bankruptcy must attend a meeting of creditors. Attending the meeting is a mandatory part of any bankruptcy proceeding in the US. Your application for bankruptcy will be denied if you don’t attend the meeting.

Here you will learn what is the Meeting of Creditors and how you can prepare for one after filing a bankruptcy plan.

Meeting of Creditors: An Overview

The Meeting of Creditors takes place between 20 to 45 days after filing for bankruptcy. The meeting is carried out to confirm that the assets you have disclosed in your bankruptcy petition are complete and accurate.

This meeting is also known as 341 Meeting of Creditors. The meeting is aptly named since it is required by section 341 of the Bankruptcy Code.

The meeting is generally held in a federal building, but it does not take place in the courtroom. Most likely you may be required to meet in a conference room. The Bankruptcy Trustee will conduct the meeting. While creditors may be present in the meeting, but this is not always the case.

How to Prepare for the Meeting of Creditors?

Here are some of the important things you need to do before you attend the Meeting of Creditors.

1. Verify Information

Before attending the meeting, you should verify that all the information in the application is accurate. Make sure that the personal information in the bankruptcy petition matches with the state issued identification card.

Also, you should double check that you have listed all the assets in the application. This is critical as your application will be rejected if you don’t declare all your assets.

2. Gather Required Documents

You should have with you all the documents that are mentioned in the letter sent by the Bankruptcy Trustee. The following are some of the documents that are generally required for the meeting.

  • Pay stubs
  • Tax returns (last two years)
  • Mortgage documents (copies)
  • Car titles
  • Property deeds

Apart from the above, you may also be required to bring documents that can be used to check your identity. These include government ID that mentions the name and social security number, driving license, US passport, resident alien card, etc.

3. Anticipate Questions

The Trustee can ask you anything during the Meeting of Creditors. However, generally, the question relates to the declared assets.

You may be asked to confirm under oath that you have declared all your assets. You may also be asked that all the information in the bankruptcy petition is accurate. You will be asked whether you want to make any changes in the document.

The Trustee may also ask if you have any claims such as personal injury or worker compensation claims. As well as if you have read the information in the Bankruptcy information statement and know the difference between different types of bankruptcy such as Chapter 7., 11., and 13.

Final Remarks

A Meeting of Creditors is a mandatory requirement when filing a bankruptcy application. The aim of the meeting is to ensure that the applicant has divulged all the information, and also that he/she understands the procedure moving on forward. The meeting is not a cross-examination but an attempt to ensure the applicant is honest and fully understands the purpose of filing bankruptcy.

You should consult with a professional bankruptcy lawyer. An experienced bankruptcy attorney will provide you detailed information and fully prepare you for the Meeting of Creditors.

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

What are the Benefits of a Chapter 13 Bankruptcy?

Chapter 13 bankruptcy allows the debtor to pay some or all of the debts. The debts can be paid over a period of three to five years as per a court-approved repayment plan.

The decision to file a Chapter 13 Bankruptcy should be weighed carefully. You should consider the benefits before making a move. Here are five benefits of this debt relief option that you should consider to make an informed decision.

1. Flexible Payment Terms

The trustees of chapter 13 bankruptcy are usually flexible about payment terms. You may be allowed to reduce debt payments, extend the payment period, or give up an asset that you are making payments on.

When you file a chapter 13 bankruptcy, you may also consolidate some debts. The debts can be reorganized into one affordable payment that you can pay in up to five years.

2.  Bankruptcy Shown on Credit Report

An advantage of chapter 13 bankruptcy over chapter 7 bankruptcy is that it’s shown on the credit report for a lesser period.

With chapter 7 bankruptcy, bankruptcy is shown in the credit report for 10 years. On the other hand, it’s shown for just 7 years in the chapter 13 bankruptcy. As a result, creditors will know about the bankruptcy for a longer period if you file chapter 7 bankruptcy as opposed to a chapter 13 bankruptcy. This is important since the report is viewed by house loan, vehicle loan, and credit card companies.

3. Save Your Property

Another benefit of a chapter 13 bankruptcy is that you may be able to save your home if you file before the foreclosure date. The mortgage payments due known as arrearages can be paid back over a period of three to five years.

In addition, if you have a second or higher mortgage, you may only have to pay the first mortgage through a process known as ‘lien stripping’.  To become eligible for this option, the home value must be equal to or lower than the amount owed on the first mortgage when the bankruptcy was filed.

4. Lower Payments

In some cases, chapter 13 bankruptcy will reduce the balance owned. In this way, you can continue to make payments for your personal loans such as a car loan. It will prevent repossession of your asset and you can catch up on the loan payments.

5. Reduce Tax Amount

Your taxes can be paid through a chapter 13 payment plan. The IRS will not hound you to make payment in full, and accept the amount is agreed by the bankruptcy court.

Eligibility for Chapter 13

Only individuals can file for chapter 13 bankruptcy. Businesses are not allowed to file for this repayment plan. However, sole owners and partners can file for the relief option individually.

To be eligible for the chapter 13 bankruptcy, you must have enough income to repay the debts as per a court-approved repayment plan. In addition, unsecured debts must be less than $394,725 to be eligible for chapter 13. For more information about the other benefits and also the eligibility criteria, you should contact a professional bankruptcy law attorney.

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

Understanding Chapter 7 Bankruptcy

If you are in Ohio and are contemplating about filing a bankruptcy under chapter 7, you need to understand some of the statutes under this chapter. In essence, a Chapter 7 bankruptcy is known as liquidation wherein as a debtor, you will be able to pay off all your debts by selling all your assets and dividing its proceeds according to the number of creditors. A court appointed trustee will be selected by the bankruptcy court that will serve as the administrator of all your assets up until it is converted into cash and repay all your financial obligations. They will also have the major responsibility of monitoring the bankruptcy cases and supervising all activities between a debtor and his creditor.
If you receive a bankruptcy discharged, it means that the creditors are no longer legally allowed to collect the debts you accumulated and you are no longer compelled to pay back all your discharged debts once your bankruptcy case is over. However, not all debts are dischargeable. A creditor can object to the discharge of your debts if they have the reason to believe that a fraud was committed in connection with the filing of bankruptcy of the debtor. Also, there are debts that cannot be discharged such as payday loans or cash advances with a total of more than $925 obtained within seventy days prior to the filing of bankruptcy and purchase of luxury goods using credit cards among others.
Except in cases where the person in debt can prove remarkable conditions to bypass public policy, the following financial obligations are regarded as automatically nondischargeable:

 

  • Unscheduled
  • Debts for child support or alimony
  • Arrears to government agencies
  • Student loans with a few exceptions
  • Financial liabilities for personal injury obtained by the debtor while operating a motorized vehicle while intoxicated
  • Criminal restitution including court penalties and related fines

 

As discussed with your bankruptcy attorney, before an individual can file for Chapter 7 Bankruptcy, he or she is required by the law to meet the minimum amount of unsecured debt loads and must not exceed the amount of secured debts required by law. During filing, applicants are also required by Chapter 7 bankruptcy code to furnish a comprehensive proposal of repayment scheme and this can be done with the help of an experienced bankruptcy lawyer which has years of experience when it comes to performing his duties focusing on Chapter 7 bankruptcy. The debtor is also allowed to continue operating his business during the stage of Chapter 7 and this allows the debtor to engage in trading and selling even without the permission of the court which under any circumstance, cannot be done without the code of Chapter 7 that will be filed with the help of your bankruptcy attorney.
DESCRIPTION
This blog discusses the Chapter 7 bankruptcy as well as specific debts that are considered dischargeable and not dischargeable.

 

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

Can I Rehabilitate My Credit Report after Bankruptcy, and How?

Yes, you can rehabilitate your credit report after bankruptcy. Even though the bankruptcy details remain on your credit report for as much as ten years, you can immediately begin to improve your score after filing for bankruptcy. This is quite important considering the fact that credit companies, including car finances and mortgagors, will examine your credit report. Credit reporting companies generally look at your outstanding debt, your payment history, your length of credit history, and also how much new credit you are seeking; all of these are put together to determine your credit score.

 
The American economy in a sense is paradoxical: While one goes into bankruptcy because he or she has defaulted in paying off debts, one of the fastest means of rehabilitating your credit report is to spend even more and establish a better credit history. It is believed that your power to spend more after bankruptcy translates into increase earning power to show you are more credit worthy and responsible.

 
But before applying for new credit cards, try to purchase within your means, paying off your bills in full at the end of every month; the essential thing is to improve your repayment habit. Paying off debts in full when they are due, and making sure your debt is as low as possible when compared to your available credit, will enhance your ability to earn more, and that will put you in a better light when it’s time to borrow money. In other words, always try to spend within your means before you borrow more money. Adopting this approach when you assume more debt will help to rehabilitate credit report as you will make your payments in full and on time; and eventually, if this process is continued and improved upon, your credit report will become much better.

 
Talk to a professional bankruptcy attorney or credit counsel to properly guide you in your quest to rehabilitate and improve on your credit rating. Going into bankruptcy is not an end in itself, but an opportunity to make a fresh start, and will need to make wise financial short and long term decisions.

 
Summary
The blog explains that it is possible to rehabilitate and improve on the credit report. It also highlights the steps necessary to be taken to achieve this over time.

 

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

Can the Trustee Take My Tax Refund?

Possibly, the trustee can take your tax refund according to the rules in Chapter 7 bankruptcy. This depends on whether the tax refund is protected under the Bankruptcy law by what are called “exemptions.” The trustee is like the lawyer for the creditors you who own the debt you are trying to discharge in your bankruptcy. His job, as their lawyer, is to try to get as much money from your assets so that he can to pay off the debts you are discharging; however, the law protects most of your non-luxurious assets in what are called “exemptions.” Exemptions are like pockets of money that the law allows you to keep, and which the trustee cannot take. These exemptions include $450.00 for cash, $1,225.00 for a wild card that can be applied across the board to any asset of you choice, child credits exemption and earned income exemptions. You can “stack” or add exemptions together to pay any single debt. Your attorney will try to protect your tax refund under one or more of these exemptions so you can keep as much of your refund as possible.

 

However, if your refund is above what is protected by these exemptions, the trustee may still be able to take the difference. To protect your tax refund from being collected by the trustee, wait to file until you collect it before filing for bankruptcy. In other words, once bankruptcy is filed, tax refunds automatically become liable for collection by the trustee for settling of your debts. Tax refunds which are from the prior year are included in the total property owned by you and are considered part of the assets to be used to service the debts. However, as stated above, you may be able to protect you refund or a large portion based on these exemptions.
There are different ways a trustee can attach a refund. In some cases, the refund is sent directly to you, and you will be expected to hand over the check to the trustee when you receive it. In other cases, the trustee notifies the Internal Revenue Service of your bankruptcy condition to intercept your tax refund; so, when it’s time to receive the tax refund, it goes directly into the trustee.
The best way to go about protecting your tax refund from being taken by the trustee is to talk to a Bankruptcy attorney before you file for Bankruptcy.
Summary
The blog explains that the trustee is authorized to take your tax refund unless it can be protected under exemption. Exemptions are like pockets of assets that the law allows you to keep which are protected from the trustee and from your creditors. It also advices you in such to seek the help of an attorney to better understand the whole process before you file a bankruptcy.

 

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

Means Test in Chapter 7 U.S. Bankruptcy Law

The Means Test is a method implemented under the new bankruptcy law to ensure that people who file for bankruptcy really cannot afford to pay their debts. The intent behind this law is to ensure that those individuals who really are in need, are afforded a fresh start under the law.

 
Under the means test an individual must determine his total gross monthly. The law includes virtually all income except payments you receive under the Social Security Act, such as SSI, SSDI, and TANF. Included also is the income that your spouse earns if you are living together, even though your spouse is not included with you in your bankruptcy . Under the means test, all of ones gross income is taken into account over the past six months to filing, and an average is taken. The larger your household, the larger that amount can be in order for you to “pass” the means test. The amount permitted for a household of your size is determined by the Census Bureau and the Internal Revenue Service.

 
The government computes the total gross amount you are permitted to make per month after taking into account the average necessary expenses for a household your size. If therefore, your household makes over this medium amount, you may still be able to file a bankruptcy by reducing your income with unusual necessary monthly expenses. Also expenses for your spouse can be included to reduce this total amount. If you pass the test you will be able to file a Chapter 7 bankruptcy. If you do not pass the test, you may still be able to file a Chapter 13 bankruptcy. If is important that you consult your eligibility to file a chapter 7 bankruptcy with a bankruptcy attorney to determine if you can pass the means test and will qualify to file a bankruptcy.

 
Summary
This blog discusses the means test and generally how one can determine if one’s income is under an amount determined for a household that is your size so that you will be eligible to file Chapter 7 bankruptcy.

 

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

 

 

Can I Keep My Car if I file for Bankruptcy?

The law permits you to keep one vehicle whose value or equity after reducing any lien for financing is equal to $3,675.00 or less. You can determine the general value of your car by Googling NADA or Kelly’s Blue Book and checking it out there. The trustee may valuate your car differently than that amount, but it gives you a general idea as to the value. You should also reduce the value based on the number of miles driven and the condition of your vehicle. The vehicle exemption under Ohio law protects a vehicle with a value up to $3,675.00; you will be able to add onto that another exemption, called, “wild” car of up to $1,225.00.

 
If the equity in your car as discussed above is less than the combined exemptions listed, you will be able to keep your car. But if the equity in your is over that amount, and you still want to keep your car, then you may have to pay to the trustee the difference between the value and your exemptions. So, for example, if after your car is paid off in full from financing, it is worth $6,000.00; and you apply the car exemption of $3,675.00 and the wild card of $1,225.00, the total value of the car that will be protected totals $4,900.00. Subtract that amount from $6,000.00, the Blue Book value of your car. So in order to keep your vehicle, you will have to pay approximately $1,100.00. However, that amount may vary depending on how much the trustee has valuated your car. Usually the trustee allows installment payments to be made. If you do not pay the trustee, the trustee may file a motion in court to sell your car at an auction.

 
On the other hand, if your car is being financed you can also deduct the amount you owe on the note to further reduce the equity of the car. An important point to note is that you are behind in your car payments, a Chapter 7 Bankruptcy will only stall the collection proceedings temporarily, and the finance company may file a motion to repossess your car. Unless you get current on your payments before you file, the financing company may eventually repossess your vehicle, unless your Attorney works out a payment arrangement. A Chapter 13 bankruptcy on the other hand is designed to allow you to pay off the prearrange over a period of time, usually 3-5 years; in that case you would get long term relief for your car payments with a Chapter 13.

 
To get a better handle on what you are entitled to with respect of Ohio law and the total motor vehicle exemption ceiling, talk to an attorney proficient in bankruptcy laws and processes; this would give you a clear idea of what the status of your car before you file for bankruptcy.

 
Summary
The blog explains when the trustee can “take” your car and how you can avoid that. It avers that it depends on the condition of your vehicle at the time you file the bankruptcy and the exemptions that come into play to protect that value.

 

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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

If the Bank Denies my Modification, what are My Options?

If the Bank denies your loan modification and you still want to keep your home, a  Chapter 13 may be an option; however, you will still need to show the U.S. Trustee that you can both afford to stay current on your mortgage payments as well as pay off your prearrange (the amount you are behind) over a 3 to 5 year period (see below for discussion on Chapter 13).

If you really cannot afford to keep your home, you should look into options to avoid the sale of your home at a sheriff sale, such as a deed in lieu or a short sale. If your home is sold at a sheriff sale, you will be liable to the bank for the total amount of the Court’s Judgment (the payoff); in addition, the foreclosure will hurt your credit score.

Summary

If a person does not qualify for a loan modification and still wants to keep his home, he can consider a Chapter 13 Bankruptcy.  If he cannot keep his home and wants to be free of liability on the mortgage note, he should look into a deed in lieu or a short sale
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Attorney Eli Tamkin is a Cleveland bankruptcy lawyer.  He has been practicing law since 1989 and in Cleveland Ohio since 1994. Since then, he has dealt with a variety of legal issues, including bankruptcy, real estate, divorce, personal injury, and probate. Many times, answering questions on bankruptcy draws on knowledge of other legal areas as well. His experience in these other areas, as well as in bankruptcy enables him to address your particular needs and to offer you advice that is applicable to your situation.

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