Source: https://www.jamessansonelaw.com/mt-bin/mt-search.cgi?IncludeBlogs=78926&template_id=812221&limit=10&archive_type=Category&category=260181&page=4
Timestamp: 2019-04-24 04:28:24+00:00

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On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Tuesday, February 14, 2012.
The National Association of Consumer Bankruptcy Attorneys (NACBA) prepared a report regarding the dischargeability of student loans in the bankruptcy court. I have summarized the report below, but click here to review the entire report .
Mortgage Cramdown In A Chapter 13 Bankruptcy?
On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Wednesday, January 4, 2012.
It is well established that the holder of a first mortgage can't modify the terms of the loan if the loan is on his primary residence. However, what if the mortgage is on a rental property which is not the debtor's primary residence, can the terms of the first mortgage be modified? Yes in a Chapter 13 bankruptcy, subject to strict rules.
On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Tuesday, December 6, 2011.
In the case of Cragen v. Maxwell the plaintiff (Cragen) believed he contracted a sexually transmitted disease from debtor (Maxwell) and threatened to sue her. To avoid suit, Maxwell agreed to pay Cragen $35,000. She signed a promissory note to which the plaintiff agreed to release her from any claims sustained by or resulting from contracting a sexually transmitted disease from Maxwell.
On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Thursday, October 27, 2011.
Credit card delinquencies have reached a six-year low, according to the latest Credit Card Index from Fitch Ratings according to Consumer Bankruptcy News. The report also shows credit card charge-offs ticking up for the first time in the past several months.
On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Tuesday, October 4, 2011.
A couple was arrested with possession of and trafficking in heroin and crack cocaine after receiving a Chapter 7 discharge. What is that? It is an elimination of debts as if they never existed. A "discharge," when granted by the Court, terminates all liability for repayment, all obligations, rights and duties associated with the claim.
On behalf of Law Offices of James V. Sansone posted in Bankruptcy on Friday, March 4, 2011.
Just like California, residents of Oklahoma may not opt to exempt property from the bankruptcy estate under the federal set of exemptions, but are limited to claiming exemptions under state law.

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