Bankruptcy Blog

How Do I Fix My Credit After Bankruptcy? Everyone who walks into my office presumes that their credit score will be irretrievably ruined for years to come as a result of their bankruptcy. I am always happy to tell them, “Stop listening to the doomsayers and panicky prognosticators!” Even though the court filing will stay […]

How Does Bankruptcy Affect Your Credit? What Is the Effect of Bankruptcy on My Credit Score? How does bankruptcy affect your credit? This is a major concern of almost everyone who is considering the benefits of starting over. Unfortunately, there is a lot of misinformation out there passed along by well-meaning friends and family members. […]

Dealing With Delay It is always advisable to consider the internal processes and institutional challenges an opposing party is facing in a foreclosure action. If you are sensitive to the obstacles faced by the lender, its loan servicer and its litigation counsel, it will be easier to advise a debtor as to what can reasonably be expected […]

Foreclosure Scams Occasionally, a lawyer will come across a homeowner who has been the victim of a foreclosure scam. The latest, forensic mortgage loan audits, are peddled by companies claiming to review mortgage loan documents in order to find violations of state and federal mortgage lending laws. Their reports, they claim, can be used to […]

Options When Facing Foreclosure As too many Ohio residents have recently found, foreclosure is no longer the unthinkable. Loss of employment, spiking adjustable rate mortgages, and high rates of debt have put many local homeowners at risk of losing their property. Finding a new job can take time, but the monthly obligation to pay the […]

Alternatives to Foreclosure: Foreclosure Is Not The Only Possible Outcome At Benson Law Firm in Cleveland, Ohio, we work with people whose lives have been turned upside down by unexpected financial challenges. What is one of the things they fear the most? Losing their home to foreclosure. You worked hard for your home and you […]

Foreclosure Defense Strategies What one does with a distressed borrower depends first on whether they have sufficient time to negotiate with the mortgagee. If a foreclosure suit has not been filed, we suggest first to apply to the lender for a loan modification. Defending The Foreclosure in Cleveland, Ohio If surrendering the property is not […]

Waiting Periods If You Have Filed a Previous Bankruptcy Case Are you looking for filing Bankruptcy case? Filing a New Chapter 7 Case If you received a discharge in the first Chapter 7 bankruptcy case: You have to wait 8 years from the filing date before you can file another 7. If you received a discharge in […]

What To Expect When You Meet With A Bankruptcy Trustee Before You Arrive Arriving prepared to your meeting with the Bankruptcy Trustee is one of the most important aspects of this meeting. One of the simplest things that can often be overlooked is the importance of being properly dressed for the occasion. When appearing before […]

Bankruptcy And Foreclosure Bankruptcy is an option when the foreclosure process has progressed to the point that constructing a workout is no longer feasible or all efforts to find a resolution have failed. In my practice, bankruptcy is often the only remaining option where a default judgment has been entered in the foreclosure case, a […]