Atty. Gregory A. Holbus answers common questions about bankruptcy in a sixteen part video-blog series. #2 – How are debts classified and treated in bankruptcy?

David Grossman is licensed to arrange mortgages in Ontario, Canada. Call 416 876 2031 or visit www.mortgagemench.ca for more information. MENSCHLife airs live on Tuesday’s from 11AM-noon EST on http or go to www.menschlife.tv to watch previous episodes and interviews

The foreclosure crisis has had a huge effect on individual homebuyers, financial institutions, the economy — and bankruptcy courts. In response, some courts have initiated programs to give debtors and lenders an opportunity to work through their differences — these programs serve the needs of both groups but don’t necessarily lead to foreclosure on the debtor’s home. This broadcast looks at these programs, how they work, and what affect they have had on debtors, creditors, and the bankruptcy courts that use them. Judges Arthur Votolato (Bankr. DRI) and Robert Drain (Bankr. SDNY) talk about the programs in their courts with Judge Elizabeth Stong (Bankr. EDNY), who will moderate the discussion. Bankruptcy practitioner Patricia Antonelli (Partridge Snow & Hahn, LLP) talks about working within the programs from the attorney’s perspective. John Rao (National Consumer Law Center) and Victor Milione (Nixon Peabody, LLP) discuss the programs from the debtors’ and creditors’ perspectives. Debra Miller, Chapter 13 US Trustee (ND Ind.), talks about the role and the view of the Trustee’s office. (April 2011)

Leahcoss.ca Hi, everyone! How are you? It’s Leah Coss with the Mortgage Center. I wanted to get a very common question out of the way real quick for you guys. And that is I’ve had a bankruptcy in the past, can I ever get a mortgage again? Quick answer, absolutely! Now, if you come to me and you say, “I have two previous bankruptcies.” Well, now we’re real limited but does that mean you cannot get a mortgage? Absolutely not! You can still get a mortgage, you just simply have different requirements than the average Joe. So, to quickly go through bankruptcies, if you’ve had a bankruptcy, not the end of the world. And no, it is not the seven year rule of bad luck where you cannot get any debt given to you ie lines of credit, credit cards, mortgages, things of that nature, car debts, car loans. You don’t have to wait seven years before you can get that. You can get that right off the bat sometimes for some of those types of lending, OK? Obviously you can’t get a mortgage right off the bat but you can get things like credit cards, whether it be unsecured or secured, it just depends on the person and what your situation is exactly. But from the point of discharge you can be getting a mortgage, a regular mortgage, meaning from a regular lender, this isn’t talking about private. A regular mortgage in two years, OK? It’s not seven years. The thing is though, if you want to be able to buy within two years of your discharge, you are going to have to find someone like myself or …

Child support, alimony, most student loans, some federal income taxes and all employer withholding taxes cannot be discharged in bankruptcy. If a debtor incurs credit card debt without the ability or intent to repay the debt or uses false information to get a loan they will not be able to…

New York bankruptcy attorney explains difference between chapter 7 and chapter 13 bankruptcy stop debt collection foreclosure garnishment debt collector harassing telephone calls money judgments frozen bank account discharge credit card bills personal loans hospital bills bad debt mortgage foreclosure evictions

I had a Veterans Loan foreclosed on 3-6 months ago and ended up filing bankruptcy (chapter 7) which will be discharged on 6-1-10. The court abandoned all interest from the government and my creditors through the bankruptcy. My reason for the foreclosure and bankruptcy was loss of a spouse’s job and medical expenses from a sick child. Will I be able to get another loan through FHA (Hud) with a foreclosure on a VA loan on my record since the loan was discharged through the bankruptcy court?