Imagine this: You are married to someone you love and trust and know. He or she goes to work every day, brings home a pay check and groceries and maybe some bags from Target; nothing out of the ordinary. But then one day he or she brings home a new car, and then a boat, and then a piece of jewelry. » Read More
With the growth of organized housing communities, particularly condominiums, we have also seen an increase in the number of Homeowner Associations – or HOAs as they are widely referred. HOAs generally own or control the common areas of a housing community and are charged with specific obligations under the HOA’s by-laws; such as, mowing the lawns, removing snow and ice, maintaining a club house or pool (if one exists) and enforcing the rules of the community. » Read More
The Deficiency Judgment Act establishes a procedure for a judgment creditor to petition a court to fix the fair market value of real property sold at a sheriff’s sale. Whenever any real property is sold, directly or indirectly, to a judgment creditor in execution proceedings and the price for which the property sold is not sufficient to satisfy the amount of the judgment, and the judgment creditor seeks to collect the balance due on the judgment, the judgment creditor must petition the Court of Common Pleas in the county where the real property is located to fix the fair market value of the real property sold.» Read More
Since the great housing market crash of 2008 and ensuing recession, many Americans have been struggling with a mortgage balance that far exceeds the value of their home. Many have continued to make payments in the hope that, eventually, the market will pick up and their homes’ values will be restored. But even more have struggled to make payments, have fallen behind, and are trying to find a way out before their lender has to foreclose.» Read More
Did you know that medical expenses are one of the most significant contributing factors in deciding whether to file bankruptcy? Medical expenses are generally unsecured, and thus dischargeable in bankruptcy, which is why many people opt to file – to get out from under otherwise suffocating medical bills.
However, in a recent Middle District of Pennsylvania case, the debtor did not get the result she hoped for.» Read More
On June 12, 2014, the United States Supreme Court released its decision in Clark v. Rameker, effectively allowing bankruptcy creditors the ability to go after a debtor’s inherited individual retirement account (“IRA”).» Read More