Deficiency Balances in Bankruptcy

Deficiency Balances in Bankruptcy

By John Lee One of the primary reasons people file for bankruptcy is that a creditor has obtained a judgment against them for a deficiency balance. A deficiency balance occurs when the mortgage lender (or other secured creditor) forecloses on the debtor’s house and...
Can I Keep My Car in Bankruptcy?

Can I Keep My Car in Bankruptcy?

By: John Lee One of the questions I hear the most as a Bankruptcy attorney is, “Can I keep my car in bankruptcy?” To which I reply, “Most of the time you can keep your car in bankruptcy.” There are several factors to consider when determining if one can keep their car...