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Property of the Estate & Inherited Property
Property of the Estate & Inherited Property

11 USC 541(a) dictates that upon the filing of a bankruptcy case, an estate is created. This estate includes all legal and equitable interests of the debtor at the time of filing, and in certain instances, interests in property that arise after the filing of a bankruptcy ...

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Blog posts in Lien

  • Cramming Down a Vehicle in Chapter 13 Bankruptcy

    A Chapter 13 bankruptcy affords a debtor the opportunity to cram down certain secured debts to their actual value, not merely the principal balance ...

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  • Avoiding Judicial Liens

    When you are preparing to file bankruptcy, it is best to discuss with your bankruptcy attorney whether you have any judicial liens against your ...

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  • Chicago Foreclosures Spike in October 2013

    According to a story published in the Chicago Tribune on November 13, 2013, Chicago-area foreclosure filings rose nearly 30% in October 2013. This ...

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  • Eliminating a Second Mortgage in Bankruptcy

    In today's upside down real estate market, it is quite common for prospective debtors to seek bankruptcy help in an attempt to remove a second ...

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  • Wage Garnishments and Lawsuits

    Most of the time, there's a stage prior to filing bankrutpcy that can adequately described as "preparing for bankruptcy." This usually involves ...

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  • Bankruptcy and a Second Mortgage

    During the years leading up to the mortgage crisis and collapse of late 2008, second mortgages borrowed against the equity of a home were common. ...

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  • Reopening a Bankruptcy Case

    Bankruptcy, by definition, is a legal process that deals in large part with numbers. Debt figures, income levels, number of people in a household, ...

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  • Selling Real Estate in an Active Bankruptcy

    In any bankruptcy, whether it be a Chapter 7 or Chapter 13, the issue of real estate is nearly always at the forefront. In Chapter 7 liquidations, the ...

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