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Removing a Second Mortgage in Bankruptcy

In BANK OF AMERICA, N. A. v. CAULKETT the Supreme Court of the United States recently issued an opinion in a case regarding the removal of a second mortgage through Chapter 7 Bankruptcy.  In that case the Bankruptcy Debtors were ultimately unable to completely or...

Motion for Relief from Stay in Chapter 13 Bankruptcy

A Motion for Relief from the Automatic Stay imputed in bankruptcy is filed by a Creditor, usually a mortgagee or automobile lender, and alleges that the Petitioner in Bankruptcy has fallen behind on post-petition mortgage or vehicle payments.  For example, if a...

Chapter 7 Bankruptcy as a First Option, Not a Last Resort

A recent blog by Steve Rhode of Huff Post was titled “Why a Chapter 7 Bankruptcy Should Be Your First Option and Not a Last Resort.”  It discussed the financial benefits of exploring bankruptcy first in order to best address relieving debt.  In...

Business Bankruptcy and Social Media Accounts

On April 3, 2015 it was decided that social media accounts may be deemed property of a bankruptcy estate.  The principle was confirmed in the bankruptcy matter known as In re CTLI, LLC (Bankr. S.D. Tex,. Apr. 3, 2015).   The facts of the case were that the...

Mortgage Modification – Use Caution

On April 15, 2015 the Federal Trade Commission filed a Complaint against Hope Services also doing business as HAMP Services.  A true and correct copy of the Complaint may be found by following this...

Bankruptcy and NFL Draft

This Thursday, April 30, 2015 is the NFL Draft.  There, college players who lack any experience but have the world of potential will receive millions of dollars to play the game they love.  It sounds great, but, a recent article in the April 15, 2015 edition...

Improve Credit Score After a Bankruptcy Filing

One of the most common questions I receive is “How can I improve my credit after a bankruptcy filing?” My advice involves making timely and regular payments on a mortgage or rent, a vehicle if the Petitioner owns one and equally important, not incurring...

2014 Year in Review

With our growing and busy practice, it is rare that we have time to reflect on the past year and look forward to progressing into 2015. In 2014, Sadek and Cooper expanded in both personnel and office locations. In 2014, our firm welcomed two new staff members. In May...