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Hennepin County announces grants to avoid foreclosure

Hennepin County and the City of Minneapolis just announced that they will set aside $4.3 million, up to $35,000 per homeowner, to help make mortgage payments that were missed due to pandemic. Applicants will first need to apply for other loss…
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Why there won't be another foreclosure stampede like 2009-2010

Foreclosure rates have continued to dwindle since they peaked in 2010. A recent article talked about reasons why there is not likely to be anywhere near the surge that we had experienced during the last recession. There are a few additional…
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Well Fargo mortgage putting homeowners into forbearance plan without their consent

A recent article pointed out a disturbing trend, whereby Wells Fargo Mortgage has told homeowners, who are in a chapter 13 bankruptcy plan, that they are in a forbearance plan. This has happened to several homeowners, none of whom had requested…

Student Loans in Chapter 13 in Minnesota

https://www.youtube.com/watch?v=XGD622phGKw&t=66s
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Veterans Exempt from Means Test

On Friday, the President signed the Honoring American Veterans in Extreme Need Act of 2019, which excludes from the calculation of monthly income, for purposes of the Bankruptcy Code's means test, certain benefits paid by the Department of Veterans…
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Modifying your car loan in a chapter 13

https://youtu.be/t6bIboRjtfM My last two posts concerned options with a car in chapter 7, including the two most popular options, retain and pay/”ride through”, or reaffirmation. But in most cases, the terms of the loan remain the same.…
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Second Mortgages Cannot be Stripped in Chapter 7 Cases

The United States Supreme Court held this week in Bank of America v. Caulkett that wholly unsecured second mortgages cannot be stripped in Chapter 7. “Wholly unsecured” means that the house is worth less than the first mortgage balance.…
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Chapter 13 Trustee Must Return Funds to Debtor Upon Conversion

United States Supreme Court held on May 18, 2015, in the case of HARRIS v. VIEGELAHN, that when a chapter 13 case is converted to chapter 7, any undistributed funds that the chapter 13 trustee is holding, must be returned to the debtor. The…
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What should I do first: file my taxes or file bankruptcy?

At the moment you file bankruptcy, your bankruptcy estate is created, and any claim that you have, including a tax refund from last year, and even a pro rata portion of the tax refund that you get next year for this year, is considered property…
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Median Income Figures for Bankruptcy Means Test Increased

The United States Trustee just announced that effective November 1, the median income figures will increase. The median income is the figure that half of the people with that household size are above it, and half are below. Debtors who are below…