How can a dancer STRIP in their bankruptcy case and come out better off and with the blessing of the court? See more on the Letter "S" in my bankruptcy alphabet.
Your House: Can you keep it in bankruptcy? And if so, what other options are available? How to calculate equity.
On January 6, 2009, Senator Dick Durbin (D, IL) introduced Senate Bill 61 called the "Helping Families Save Their Homes in Bankruptcy Act of 2009." The bill has several provisions, which can be analyzed by following the above link, but the main purpose of the bill is to allow homeowners in a Chapter 13 bankruptcy case to reduce the amount of liens (mortgages) against their home down to the value of the home and modify the payments. This is known [...]