Chapter 11: An Overview of How Utah Businesses Can Reorganize Their Debt
Jun 13, 2011
With the slowing economy, many Utah businesses are getting weighed down by debt and some owners think their only option is shutting down. However, Utah businesses can use Chapter 11 bankruptcy business...
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Updates on HAFA (Home Affordable Foreclosure Alternatives Program)
May 05, 2010
Because so many million homeowners across the United States are struggling to make their mortgage payments and facing foreclosure, the US Treasury Department under Making Home Affordable implemented th...
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Getting Short Sale Approval under the Home Affordable Foreclosure Alternatives (HAFA) Program
May 05, 2010
the homeowners cannot qualify under Making Home Affordable for a trial mortgage modification Although both the Home Affordable Foreclosure Alternatives Program (HAFA) and the Home Affordable Modifica...
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Brief Introduction to Chapter 13 Bankruptcy
Apr 21, 2010
An individual with a steady income who is facing foreclosure or feeling
frustrated from a lack of cooperation from creditors may consider a
Chapter 13 bankruptcy for bankruptcy protection because it ...
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Brief Introduction to Chapter 7 Bankruptcy
Apr 21, 2010
An individual may consider a Chapter 7 bankruptcy for bankruptcy
protection who wants to eliminate unsecured debt such as medical debt,
credit cards, personal loans, and utility bills.The individual ...
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New Home Affordable Modification Program (HAMP) Guidelines Taking Effect on June 1, 2010
Apr 21, 2010
On March 24, 2010, Making Home Affordable
issued a Supplemental Directive which states that a servicer may not
make a foreclosure referral or conduct a foreclosure sale unless one of
the following f...
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Utah Loan Modification Legislation
Apr 21, 2010
Utah's legislators have recently passed new legislation to
include "Foreclosure Rescue and Loan Modification" amendments. This
legislation, in part, is due to the challenges faced by Utah homeowners...
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Active bankruptcy clients get more protection under HAMP, effective June 1, 2010
Mar 31, 2010
Active Chapter 7 and Chapter 13 bankruptcies are no longer automatically declined. If the borrower in active Chapter 7 or Chapter 13 bankruptcy (or attorney or bankruptcy trustee) requests, the servi...
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Servicers can foreclose under Making Home Affordable (HAMP) by doing 1 of 5 things
Mar 31, 2010
The servicer evaluates the borrower for HAMP and determines that the borrower is ineligible; or This step requires the lender to actually take a loan modification application from a delinquent borrow...
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Six Tools Used to Collect Child Support
Mar 26, 2010
Both parents need to support their children. Most states use a set formula set by statute to set the child support amount. An attorney practicing family law can show the formula in a given state. If ...
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