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Ali Eliaho Galam's Answers

Ali Eliaho Galam
Murrieta Litigation Lawyer.
Contributor Level 5

5

Attorney answers:

  1. Mark Joseph Markus
  2. Ali Eliaho Galam
  3. Kathryn Ursula Tokarska
  4. Eric Charles Lewis
  5. Dorothy G Bunce

Chapter 11 -friend just told me that I could file a chapter 11 and force a loan mod on my mortgage/reduction of principal. True?

Asked by a user in Riverside, CA - 8 months ago.

Cram down is available on your investment, i.e. non personal, properties which can adjust your mortgage on the investment properties to market value. There is alot more involved though.

4

Attorney answers:

  1. Ali Eliaho Galam
  2. Christine Ann Wilton
  3. Mark Joseph Markus
  4. Pierre George Basmaji

Chapter 7 central district of ca Q Please answer if you practice THERE. Filing F5010-1.1M. Who do I need to "Notice" besides TR?

Asked by a user in Riverside, CA - 8 months ago.

Serve everybody. To reopen the case, all interested parties must be served, Trustee, Creditors, etc. Judge does not need to be served. Judge will get copy that's filed.

3

Attorney answers:

  1. Ali Eliaho Galam
  2. Ofer Shmucher
  3. Theodore Lyons Araujo

What is the average cost of a chapter 11 bankruptcy? I was told I have way too much debt for a 13 & too much assets/income for 7

Asked by a user in Riverside, CA - 10 months ago.

You should expect to spend no less than 15,000 dollars for a chapter 11 bankruptcy in riverside county. This is well worth it if you are in fact a proper candidate for chapter 11 bankruptcy