So in Chapter 11 for the big boys they address reality and treat the value of the property the way it is. But in individual little guy petitions for relief in bankruptcy court, they stick you with the entire amount of the Note even if the security is only worth 20% of the “principal.” And […]

Tags: banks, Chapter 11, Chapter 13, Chapter 7, creditor, fair market value, investors, Personal responsibility
Posted in bubble, Corruption, Eviction, securities fraud |

A helpful article: WASHINGTON (MarketWatch) — For many people, filing for bankruptcy is seen as a scary, worst-case scenario, but consumer advocates say this last resort could be a real help for beleaguered homeowners. There is no shortage of proposals in Congress to address the housing crisis: the Depression-era Federal Housing Administration is up for […]

Tags: bankruptcy, Chapter 11, Chapter 13, cram down
Posted in bubble, Eviction, securities fraud |

Here is an email I sent to a victim of the mortgage crisis: So you are in Chapter 13. Do you have a lawyer? There are some options in bankruptcy court that might be available under current law. The two that I have in mind for you, without any details, are the availability of “cram […]

Tags: bankruptcy, Chapter 11, Chapter 13, cram down
Posted in bubble, Corruption, Eviction, securities fraud |

We received the following plea for help. I have changed the name to protect privacy. But both the plea and the answer are applicable to many people, which is why we are publishing the Garfield Handbooks. I will shortly publish a way for you to down load the books and forms and purchase the book […]

Tags: bankruptcy, Chapter 11, Chapter 13, fraud, injunction, legal, RICO, stay
Posted in Corruption, Eviction, securities fraud |