Ask Bankruptcy Attorney in Sacramento, Stockton, Fairfield, CA – Free vs. Malaier: Unsecured Lien that was Discharged in Previous Chapter 7 Bankruptcy is Not Counted towards the Unsecured Debt Limit to be Eligible for Chapter 13 Bankruptcy Relief

As of April 1, 2016, the debt ceiling to be eligible for Chapter 13 Bankruptcy relief increased as follows: Secured Debt Limit is $1,184,200 Unsecured Debt Limit is $394,725 If you have debt that exceeds either one of those categories, you are ineligible for Chapter 13 Bankruptcy.  Free vs. Malaier, a 2015 case decided by […]

Ask Bankruptcy Attorney in Sacramento, Stockton, Fairfield, CA – Why do Mortgage Lender Stop Sending Statement After Bankruptcy Discharge?

Even after a Bankruptcy Discharge, some mortgage lenders stop sending mortgage statements even though the lien survives bankruptcy discharge. Bankruptcy law prohibits the collection of a debt upon the date of bankruptcy filing because "automatic stay" takes into effect.  Automatic Stay prevents creditors from collection activities like calling or writing you in demand of payment of […]