Matt Devincenzo
Re-performing note files Ch 7
I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...
Marc Cormier
Probate and Bankruptcy at the Same Time? One Debtor, Two Estates
When you accept the role of an executor or personal representative to someone close to you, you know the role will take time and patience. Yet perhaps the last thing you're considering is that the person you’ll repres...
David Weis
IRS Tax Lien Question
I'm looking at purchasing a property here in Tampa, Florida. The owner has 16 properties. An IRS lien was filed in 2011 for $176K. But it was not attached to any property. It was just a general lien against the owner ...
Ibrahim Hughes
Question about Motion For Relief From Stay in Bankruptcy
Can someone tell me if a creditor (lender) files a Motion for Relief From Stay in a bankruptcy, does that mean the debtor (property owner) is now liable again for the debt (credit being further damaged, lender sti...
Andres Piedra
Collecting Judgements
I got a judgement about 3 months ago and contacted the debtor about 2 weeks after the judgement to start collecting. I emailed him yesterday and offered to set up payments or to reduce the debt by a certain percen...
Andy Mirza
Is Automatic Stay in effect for this new case?
I'll preface this by saying that I know that I need to get legal advice and will do so before taking any action. This situation is on a short time fuse and I need any useful information I can get.We purchased an NPN w...
Allen L.
How to garnish wage if don't know where debtor lives?
Hi guys, I received a judgement from the court against my old tenant whom is evicted and went to live elsewhere. I know where the husband and wife works, however on the forms to garnish wages it asks for the current l...
Shepard Solomon
Charging evicted tenants for property damages
Hello,
I just wanted to know the proper laws in Kansas City, Missouri to charge tenants for property damages after eviction. As we know as investors the security deposit does not cover all damages. What is the best w...
Andy Mirza
Adequate Protection Orders (APO) for BK 13
I recently had two successes with Adequate Protection Orders for borrowers in Ch 13 BK. The APO is another way to deal with a borrower's delinquency in their BK plan when it negatively affects a creditor. If a borrowe...
Andy Mirza
Help with Checklist for BK 13 Filing
I'm looking for help from the crowd on this one.I'm putting together a blog post with a checklist that a creditor/lender should follow in case their borrower files a Chapter 13 bankruptcy petition. The purpose is to p...