Articles from St. Petersburg Bankruptcy Law Blog

The Real Estate Frenzy
In the early years of the new millennium many people in Florida had big dreams of buying real property, fixing it up, and selling it for a profit. And many were successful. That is, until the bottom fell out of the real estate market leaving many people who dabbled in real estate holding the proverbial bag. Some people tried to hold onto properties and rent them out to cover the mortgage expense and other other expenses including property taxes, insurance, and in the worst cases condominium fees or homeowner’s association fees.
Florida Condominiums

By: Marshall G. Reissman
A recent article in the New York Times recently about consumers facing bankruptcy with much more debt than previous debtors. If you are facing this same type of situation, please call us and schedule a free consultation. We want to help you in this time of uncertainty and doubt
 
 
 

We recently reported that a debtor could strip off a second mortgage in Chapter 7 due to the decision the 11th Circuit reached in McNeal v. GMAC Mortgage, LLC (In re McNeal) (11th Cir. 2012). At the time the Court ruled in the case the Court decided not to publish the opinion, which meant that lower courts in the 11th Circuit were not required to follow the decision.

We recently reported that a debtor could strip off a second mortgage in Chapter 7 due to the decision the 11th Circuit reached in McNeal v. GMAC Mortgage, LLC (In re McNeal) (11th Cir. 2012). At the time the Court ruled in the case the Court decided not to publish the opinion, which meant that lower courts in the 11th Circuit were not required to follow the decision.