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Bankruptcy

: Arizona Bankruptcy Attorney Blog

If I Scrape off Some Liens in a Chapter 13, Will You Have Equity When the Market Rebounds? CNN says 2034. No Kidding.

By Joseph McDaniel, Esq.

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Well, maybe I'm doing you a favor, because I can scrape off some liens, or lien amounts, in a Chapter 13, after you have made payments for three to five long and painful years.

And if the market goes up, maybe I did you a favor. When should we expect the Phoenix housing market to rebound?

 In 2034, says CNNMoney.com!

p.s. thanks and a hat-tip to my smart lawyer buddy Robin Dugas for sending me the article!
NOTHING IN THIS BANKRUPTCY BLOG CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY ATTORNEY WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY THINGIE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, GILBERT, CASA GRANDE, OR ANYWHERE ELSE IN ARIZONA!

Full post as published by Arizona Bankruptcy Attorney Blog on February 14, 2011 (boomark / email).

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