In earlier posts, we've discussed the the local case that has made its way up to the United States Supreme Court. "In Re Clark," or "Clark v. Rameker," deals with the question of whether an inherited IRA is considered exempt under Section 522(b)(3)(c) of the Bankruptcy Code, or more simply put, whether an inherited IRA [...]
As a bankruptcy attorney at the Zaleski Law Firm, I get a lot of phone calls from people who are trying to get a loan modification. Quite often, at the same time the people are in the loan modification process, the bank is actively foreclosing on their house. People are oftentimes lulled into thinking that [...]
One of my earlier posts dealt with an "inherited IRA." If you recall, we discussed that typically IRAs, like other retirement accounts, are "exempt" or statutorily protected under the Bankruptcy Code. Under current law, there is arguably an exception if the IRA is inherited rather than created and funded as usual. We discussed the case [...]
If the person you are dealing with exhibits any of the following behavior, you should be extremely careful: 1)Demands fees in advance prior to any work or services being done; 2)Makes unsolicited offers to you about saving your home; 3)Recommends that you stop communicating with the lender directly; 4)Recommends that you stop making mortgage payments; [...]