Bankruptcy Records Search - Can You Lookup Bankruptcy Court Records & Decisions on the Internet?

Bankruptcy Records Search - Can You Lookup Bankruptcy Court Records & Decisions on the Internet?

Many of the results returned on common search engines for finding Bankruptcy Attorney can be costly. The simplest solution is to use the internet, but this can be just as disheartening without knowledge of the proper resources. The following are a few leads in the right direction.

Online Search

There is currently no searchable database specifically posting court rulings in bankruptcy cases. For a technical site, you can search the American Bankruptcy Institute's library of bankruptcy court decisions to try and find the case that you are looking for the decision of and determine the outcome.

Sometimes you will find bankruptcy court decisions on the internet through PACER (Public Access to Court Electronic Records). This is the Federal Court's electronic system for access to U.S. Bankruptcy Court Records, as well as records for U.S. District and Appellate Courts. It can be accessed after registering with their website by creating a user account.

Bankruptcy Voice Case Information System (VCIS)

The VCIS provides an easy alternative to searching online for court records. This automated system makes finding decisions fairly simple without charging a fee. All that you will require to make use of the VCIS is either a case number, name of the person or persons involved or a social security number.

There are many resources online that you can use to find location specific phone numbers and websites for each court district. While this is not going to provide access to court decisions online, it will assist you in obtaining the information through other avenues. Depending on your location, you may be able to find the court decision you are looking for online, by accessing your court district's website. If there is no direct listing of decisions on the website, there is sure to be other resources such as phone numbers and addresses of local offices and persons that can assist you in your search. Contacting the U.S. Bankruptcy Clerk's Office for information and resources may also be helpful. Another option would be to visit the Administrative Office of the Court's website which hosts a link to the U.S. Bankruptcy Court's website. There you will find the court's online library.

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Things to Consider When Getting a Mortgage With Bad Credit

Things to Consider When Getting a Mortgage With Bad Credit

Just because mortgage guidelines have gotten so much stricter, does not mean that people no longer wish to purchase a home. The reality is that buying a home when you have bad credit is much more difficult than it once was. Of course, there was a time when getting a mortgage required little more than having a pulse!

If you have bad credit and would like to buy a home, the very first thing that you will want to do is work to improve your credit score. Get a copy of your current credit report and review it to make sure that there are no errors in it. If there are errors, you will need to dispute these directly with each of the three credit bureaus. If you have a good bit of revolving debt, you will want to do everything that you can to get as much of this paid off as possible. Pay off open accounts first because this will help your credit utilization ratio - the ratio between the credit you have available to you and what you are using - and increase your credit score. If you have a spouse or a parent with very good credit, get them to add you to one of their existing credit card accounts. Just be sure that it is an account with a low balance and good payment history.

If you have collection accounts, try to save up the money to pay these accounts off in full. Then, call the lender and see if they would be willing to arrange a pay for delete. This is where an agreement is put into writing that stipulates that once they have full payment on the account they will delete it from your credit file.

Of course, these things will not completely cure your bad credit, but they should help the situation a good bit. While there are a few options available for bad credit mortgages, they are very few and far between. For most purposes, an FHA loan is going to be the way to go if you have bad credit.

To qualify for an FHA loan, you will need a FICO score of at least 620. If you have filed for a Chapter 13 Bankruptcy trustee. If you have had a foreclosure, you will need to be three years from your foreclosure date.

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Removal of a 2nd Mortgage Through Chapter 13 Bankruptcy

Removal of a 2nd Mortgage Through Chapter 13 Bankruptcy

Chapter 13 Bankruptcy offers an important, and often unknown, option to consumers who have residential real estate mortgages. Namely, removing a junior lien holder or "2nd" from your debt. Since the value of real estate has decreased, a common complaint I hear is, "I cannot believe I am paying more than my house is actually worth."

If you purchased a home in the past three to four years and financed with 80/20 mortgages, or if you refinanced your home and took out a second mortgage, chances are you can completely remove that second mortgage and other junior liens from your home.

Imagine...file a Chapter 13 Bankruptcy to eliminate all your credit card debt, reduce your car payments, cure the back payments on your first mortgage and now, entirely remove your second mortgage.

In addition, if your house value bounces back, that equity is yours to keep.

It is important to realize that the removal of a 2nd mortgage is available in a Chapter 13 Bankruptcy only. The ideal candidate for this process has a 2nd mortgage on a home that is no longer appraised at or above the amount of the 1st mortgage. It is necessary to obtain comps for the property and an appraisal to establish your the fair market value of the home.

If the fair market value works, a motion to get court approval will need to be filed. The mortgage company may oppose this motion. This will then require an evidentiary hearing and perhaps an adversary complaint. If the court decides that the fair market value of the home is below what is owed on the first mortgage, the second mortgage is "stripped" from the home and the debt associated with the second mortgage is made an unsecured debt (essentially being treated like credit card debt). Typically, in a Chapter 13 Bankruptcy, a small percentage of the unsecured debt is paid, if at all.

Once the motion is approved, you will need to make all plan payments (over a 3 to 5 year period) and obtain your discharge. Once the debts are discharged, the second mortgage is completely gone.

Under existing Bankruptcy laws, debtors are not able to force a first mortgage to modify the terms of the mortgage on loans for their primary residence. Many lenders who realize the alarming state of the economy are willing to negotiate a modification of their mortgage, allowing a debtor to lower their monthly payments. This is a relatively recent change for many lenders who had previously refused to accommodate such requests. Such a modification may drastically help a homeowner who wants to keep their home but who is suffering from a reduction in income and home value. This benefit is even more evident when used in conjunction with the removal of a second mortgage for debtors who have both a first and second mortgage.

Further, recent legislation was introduced in Congress in the first week of 2009 that would now allow Bankruptcy judges in Chapter 13 cases to modify first mortgages by:

-reducing the amount of the secured claim (i.e. lowering the balance on the mortgage/deed of trust that is secured by the home);
-changing the interest rate of the loan or modifying the adjustable feature of certain loans; and/or
-changing the term of the loan.

This bill, if enacted, would finally provide some relief to homeowners. In the past, the mortgage lenders have vehemently opposed such a change. However, this time may be different. News reports indicate Citigroup has already suggested that it would support this legislation with some minor revisions, one of which is to require that a homeowner first attempt to modify the loan directly with the lender(s) before the loan can be modified by a Bankruptcy judge.

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How Many Times Can You File Bankruptcy?

How Many Times Can You File Bankruptcy?

How many times can you file bankruptcy depends on how well you understand the bankruptcy process. You must understand the bankruptcy law thoroughly. Bankruptcy is a legal process with lots of rules involved. You can file bankruptcy as many times as you like and whenever you wish, but you do not always get the result that you want. There are limits on whether your debts will be discharged. Limits on bankruptcy were made so that people will not take advantage of that privileged of having your debts discharge. Imagine bankruptcy with no limits, how many times can you file bankruptcy? Maybe ten times or you can file bankruptcy for the rest of your life. This will lead to creditors and lenders being out of business which is not a good thing. Credit is important for businesses and consumers; good credit makes businesses grow fast and help consumers in times of crisis. Be well prepared before you ever filed bankruptcy. Make sure you can rebound back financially after all your debts are discharged. Check all dischargeable debts and filed them all in the bankruptcy case. Remember it's not about how many times can you file bankruptcy that matters, it's hopefully you will never need to file one. The October 17, 2005 changes in the bankruptcy law have made it a lot harder for people to file bankruptcy. It is important to seek alternative solutions to your financial problem because bankruptcy can leave a red mark on your credit report that stays with you for a very long time. This can greatly affect your future ability to obtain new credit, job application or even renting a house.

You can choose what type of bankruptcy to file. Chapter 13 Bankruptcy you will file and the measurement of the given time periods will have a bearing on how many times can you file bankruptcy in your situation.

There are many reasons that lead people to file for bankruptcy. Consumers who find themselves in huge mountains of debts and had no means of repaying them might have filing for bankruptcy as only the last choice they have. Situations that are out of control from the hands of consumers can also be a factor that results to bankruptcy. Unexpected events such as job lay off, catastrophic events, huge medical and hospitalization bills can sometimes make filing for bankruptcy as the most viable option available. Other reasons for bankruptcy are divorce and financial mismanagement. There can be unlimited reasons that can lead you to bankruptcy but how many times you can file bankruptcy exist only if you meet the requirements of the bankruptcy law. Avoiding bankruptcy is like avoiding sickness, keep your credit healthy and in check. Get your finance in order. Mismanagement can cause more debt that you might find unaffordable. Always start with a budget; this will help you have a good credit. Think smart about your money and stay away from credit trap. Stay alert on high interest credit cards and loans because this can dip into your savings.

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Personal Injury and Bankruptcy

Personal Injury and Bankruptcy

Bankruptcy Attorney if you have any questions or concerns about how a Bankruptcy Attorney whether filing Bankruptcy Attorney for both purposes. Your bankruptcy and personal injury lawyers should be able to work together to maximize your financial gain.

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Low-cost, Cheap Chapter 7 Bankruptcy Without Lawyer, and How to Restore Life and Credit Afterwards

Low-cost, Cheap Chapter 7 Bankruptcy Without Lawyer, and How to Restore Life and Credit Afterwards

Confused about cost for bankruptcy? Or, about the general issues of personal (or business) debt and the bankruptcy system, such as after bankruptcy life or credit? Or, are you seeking simple, practical, non-technical "layman" education and information about such issues? Such as, how to get low-cost, cheap Chapter 7 after bankruptcy without lawyer, or practical information on how to restore your life and credit after bankruptcy. Do you want, for example, to know about or to research certain practical consumer bankruptcy issues, or some debt and financial issues, and the terminologies, procedures, etc., that you might come across?

A new team of bankruptcy and personal debt relief experts attempts a more ordinary, non-technical, consumer-oriented break down of such matters in plain English to answer debtors' and bankrupts' ordinary queries and concerns. According to this team, the efforts will be "to de-mystify, for the benefit of the ordinary, average-Joe consumer, 'the law' - in personal debt issues, the bankruptcy process, personal finance issues."

AIMS AND OBJECTIVES

The basic goal of this group is to share, in a more in-debt format, information and knowledge with, and among, American debtors and consumers generally. The topic area will center around issues of debt, the bankruptcy system and the practical ways and means by which qualified consumers can exercise their constitutional right to bankruptcy in the most accessible and cheapest and most AFFORDABLE ways, and then, the practical financial tools and habits by which the debtor can get back to sound financial life and credit after bankruptcy.

In short, the primary objectives of the program will be:

1. To explore the practical ways and methods by which qualified debtors can file low-cost, cheap Chapter 7 Bankruptcy without law, or with lawyer.
2. Ways to make Bankruptcy cheap, and ways to make chapter 7 bankruptcy cheap
3. Restoring debtor to sound financial life and credit after bankruptcy.
4. Ways to file Chapter 7 bankruptcy without lawyer.
5. The practical tools, habits and culture, by which the debtor can rehabilitate themselves to financial health after his or her after bankruptcy.

As a vital method of operation, the team will, among other things, frequently post special articles of interest as well as published legal case studies - stories about good and bad things that happened or happen to other bankrupts or bankruptcy debtors, actual use of cheap Chapter 7 bankruptcy methods by debtors to successfully file their bankruptcy, and successful after bankruptcy life by debtor, and the like. The aim is to have the debtors and bankrupts learn from these accounts. Also, this blog will examine and review books, systems, studies and reports of relevance which deal with the subject areas of debtors' interest, and announce the results in that blog from time to time.

ONE OTHER THING

They will NOT, however, give what is generally characterized as "legal advice." They will freely give legal INFORMATION, but NOT legal ADVICE. Meaning what, exactly, by this? Just so that you'll have a general idea (the concept is often an amorphous one in law!), the team will be willing, for example, in situations where deemed necessary or pertinent, to explain their authors' take on a procedure, even if a "legal" one, that is involved generally in bankruptcy cases, or to offer ideas or comments about why something might have happened in, say, a bankruptcy case or situation. That will be deemed "legal information" - information of legal nature.

However, if a debtor were to construct a specific set of facts and circumstances, and ask a question such as: "what should I do?" in such a specific situation, then that has crossed the line - it is now in the "legal advice" territory. And that will be the territory that is, and will be, forbidden territory for the team and which will not be crossed into by its administrators. Other than that, they'll be open to any other questions!

In any event, as a general proposition and approach, you should, any way, generally view any and all pieces of information presented in one particular program or any forum, merely and solely as general educational information about the subject addressed - NOT specific advice that is applicable to any particular situation. Therefore, you should not just jump off and take any specific action based solely on what you read from this group (or on any other similar source whatsoever). But what you may do, is take what you read here, go research some more on it, put it all together with the information you gather from elsewhere, try make sense of the whole, then make a decision - an "informed decision."

FOR FOLLOW-UP INFORMATION

For a follow-up on this new internet resource for debtors, for ex-debtor bankrupts, and consumers generally. Or to take advantage of this new resource to do a cheap, low-cost, affordable bankruptcy, visit: http://afford-bankruptcy.com/proSeBankruptcyTrend.html

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Bankruptcy and Buying a Home

Bankruptcy and Buying a Home

Filing bankruptcy is a stressful time in a person's life. Along with discharging your debts and gaining a fresh start, you may wonder if you will be able to buy a home after a bankruptcy. The answer is yes! Mortgage companies and online lenders are now offering home loans for those who have a bankruptcy on their credit report. Some lenders will even approve your loan as soon as one day after your bankruptcy has been discharged.

Buying a home after bankruptcy is no longer impossible. There are many reasons a person chooses to file bankruptcy. The loss of a job, unexpected medical bills, and overwhelming credit card debt are just a few of the factors that can lead to filing bankruptcy. The mortgage lending industry has created special loan packages and terms for those who have filed bankruptcy in the past. Lenders have little to lose in approving a home loan after bankruptcy. With your home serving as collateral for the loan, the lender can feel confident in approving you for a home loan, often soon after your bankruptcy has been discharged.

Filing bankruptcy and buying a home are no longer mutually exclusive terms. Both traditional and online lenders can give you a good interest rate and payments you can afford, even after filing bankruptcy. If you have filed Chapter 11 Bankruptcy and are wondering if you can obtain a home loan, contact a lender today who specializes in approving mortgages after bankruptcy. Interest rates are currently lower that they have been in decades. Even after filing bankruptcy you can get your new home loan approved and receive a great interest rate. Online lenders and mortgage companies are competing for your business. Do not let a past bankruptcy prevent you from purchasing the new home of your dreams.

If you have filed bankruptcy in the past and would like to purchase a home, there are numerous programs and loan products that will suit your needs. Lenders will approve your loan quickly and give you excellent terms on your mortgage. Some lenders will require that a certain amount of time pass before approving a new home loan after a bankruptcy while other lenders can approve your loan in a little as one day after your bankruptcy has been discharged. Now is the perfect time to apply for a mortgage, even if you have filed for bankruptcy in the past.

To view our list of recommended mortgage lenders for buying a home after
bankruptcy visit this page:
Recommended
After Bankruptcy Mortgage Lenders.

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