Lenders have already begun, and will continue to face, difficult conversations with distressed borrowers who have been impacted by the coronavirus crisis (“COVID-19”). The following offers some practical considerations that...more
So you are chugging along with a foreclosure action (either on real and/or personal property) only to be stopped in your tracks by the borrower filing a voluntary Chapter 7 bankruptcy petition. The usual, immediate thought...more
For secured lenders, a consumer debtor’s chapter 13 bankruptcy filing can be a mixed bag.
A chapter 13 bankruptcy petition often is utilized by a consumer debtor to avoid a foreclosure by allowing a debtor time (usually...more