The concept of a Florida "homestead" arises in three different contexts:

1. Taxation exemption per Art. VII, Section 6, Fla. Constit.

Most chapter 7 bankruptcy trustees in Cook County do a great job of balancing their duties while administering chapter 7 cases. There are more than a select few Trustees who seem to be growing towards advancing these cases beyond what they were intended to be. Let me provide a little background. The duties of a+ Read More

In a big  victory for mortgage lenders and an even bigger loss for Oregonians struggling to carry two mortgages, the U.S. Supreme  Court has just ruled that underwater homeowners can’t get rid of a second mortgage by filing for chapter 7 bankruptcy.

Article X, Section 4 (a) of the Florida Constitution provides for the Florida "homestead" exemption. This homestead exemption is in most cases available to those who file for bankruptcy relief in Florida.

Bankruptcy Misconception There is a misconception out there that states that a married couple must file a joint bankruptcy case. This is simply not the case at all. It is true that the total family budget is a factor in determining whether a bankruptcy case can be filed and of which chapter. However, there is+ Read More

There are many keys to having a successful chapter 13 bankruptcy case. Most importantly, a successful case is one where the debtor has the financial ability to reorganize, the determination to see it through and the ability to satisfy the many requirements of the bankruptcy code. One main factor that I found to be a+ Read More

The Home Affordable Refinance Program (HARP) is a federal government mortgage refinance program launched in March 2009 that helps underwater homeowners refinance their mortgages. Underwater homeowners will receive new mortgage rates with lower monthly payments. If you owe more on your home than what your home is worth, then HARP may be the answer for you.

Once your Chapter 13 Bankruptcy Plan is approved by the Oregon Bankruptcy Court, a Confirmation Order is entered.  Among other things, the Confirmation Order bars you from taking on any credit obligations during the pendency of your case without the Oregon Chapter 13 Bankruptcy Trustee’s written approval. There are only two exceptions to obtaining prior written approval for taking out credit. In the event of emergency no written approval is required. Similarly, no written approval is requried for run of the mill expenses for a business approved in your plan

Article in the Washington Post: Last week, Attorney General Loretta E.