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May

Blog Posts in May, 2012

  • Proof of Claim Was Not Filed

    || 23-May-2012

    May 23, 2012. Westchester County, NY. In court today at the White Plains Division of the Southern District HSBC was advised that because they failed to file a proof of claim that the debtor would only have to make adequate assurance payments for the term of the 5 year plan. Judge Drain stated that adequate assurance payments based upon the depreciation of the property over the five years of the ...
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  • Chapter 13 Loan Modification saving $300 per month and capitalizing $15,000 of arrearage

    || 15-May-2012

    For these particular clients who were in Chapter 13, the bank delayed and delayed. The bank continually asked for more documentation and upon our providing same would spend months reviewing it. Finally, at a loss mitigation status report in bankruptcy court Judge Drain told bank's counsel that if they asked for one more piece of paper they would be required to have a bank officer appear. Three ...
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  • Chapter 13 Loan Modification saving $816 per month

    || 11-May-2012

    Our most recent loan modification in a Chapter 13 provided a tremendous benefit for our client. Our client had accumulated over $86,000 of arrearage. Her husband was not able to work and needed round the clock medical attention. This client was a very nice warm person who had experienced very negative situations. It was such a thrill for a Queens bankruptcy attorney to get her a loan modification ...
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  • Chapter 20 Loan Modification saving $770 per month

    || 11-May-2012

    A Westchester County bankruptcy lawyer loves doing Chapter 13 bankruptcies for our clients. Although our clients are never happy to have to consult a bankruptcy attorney we try to make the experience as pleasant as possible. Our team of attorneys and legal assistants is very caring and we establish personal relationships with many of our clients. We serve the local community and are very happy to ...
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