Subscribe
U.S. Trustee Questions at the Meeting of Creditors
The following is a list of questions that many Trustees will ask you at the Chapter 7 Meeting of Creditors (also known as the 341). Not all of these questions are asked at every meeting but you should expect to at least answer questions 1 – 5, 8 and 10 at the Meeting of [...]
Lenders Suing Borrowers for Deficiencies in California
I am finding that more and more lenders are suing borrowers for deficiencies on their second mortgages in California. Citimortgage was the first and most aggressive, it appears that Wells Fargo and National City have joined the bandwagon.
A deficiency is created when there is a short sale or a foreclosure and the lender is [...]
Bankruptcy Myths – Part 1
There are a lot of myths floating around out there about bankruptcy. One that we hear all the time is that in a Chapter 7 bankruptcy, the trustee or court will take everything you own and distribute it to creditors. In the vast majority of California Chapter 7 cases, the debtor is able to keep [...]
Welcome!
Welcome to the Olenicoff & Zinser, PC blog dedicated to bankruptcy. We hope that this blog will be a good resource for you, and we are glad that you are here!