Does Timing Matter When Filing for Bankruptcy?

Not everyone who is struggling with debt needs to file bankruptcy. But there are a number of reasons why someone may consider it. While medical debt tops bankruptcy cases in the US, credit card debt, mortgage debt, and a failed business are other common motivators for filing. If you fall under one of these categories […]

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 partially reduce their second mortgage. The rule the Court sited […]