Bankruptcy Blog

Foreclosures Are On The Rise. Some Warnings.

By John G. Merna, Esq.Foreclosures are on the rise.  According to MarketWatch, the first month of the year saw a seven-fold increase in foreclosures.  According to their sources, this was about 33,000 mortgages referred to foreclosure. During 2020 and 2021, the...

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Eliminate A Second Mortgage In Bankruptcy – Part 1

How to Remove, Eliminate or Strip a 2nd Mortgage Off a House by John G. Merna, Esq.   What is a 2nd Mortgage? And when can it be eliminated? A second mortgage, sometimes called a second lien, on real estate is a loan given either at the time of purchase or taken...

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What Is A Foreclosure & How Does A Bankruptcy Stop It?

What Is A Foreclosure & How Does A Bankruptcy Stop It?

By John G. Merna, Esq.Everyday thousands of hard working homeowners fall behind on their monthly house payments due to unforeseen and often uncontrolable circumstances.  If they fall far enough behind on making the monthly payments they will face the threat of...

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Analyzing The Source Of Your Financial Trouble

by John G. Merna Analyzing the true source of your financial trouble and stress prior to considering filing a bankruptcy, whether a Chapter 13 or a Chapter 7, is key to not only recovering quickly but maximizing the benefit that the bankruptcy filing can bring. ...

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Dealing With Creditors Who Violate Bankruptcy Protection

by John G. Merna, Esq. Creditors violating an individual's bankruptcy protection, unfortunately, is not uncommon. In some cases, it is a mistake caused by ignorance of the bankruptcy laws, mailing notice to creditors using an incorrect address, or poor internal...

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Illusion Of Credit? Maxed Out?

  by John G. Merna No Borrowing Power Equals No Credit. Think About It. Not a week goes by that I don't speak to a person, say from Virginia Beach, Newport News or another local city, who is stressed by their finances and investigating a bankruptcy fresh start...

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