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Month: January 2013

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Bankruptcy & Student Loan Relief

Mortgage Creditors must comply with RESPA requirements or be subject to waiver of shortages and other sanctions

January 21, 2013March 30, 2023 Mike Shovan

In a Texas decsision, the Bankruptcy Court held that a Mortgage Creditor waived right to recover escrow shortages by failing to provide escrow analyses required

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Bankruptcy & Student Loan Relief

Does a Proof of Claim file by a Mortgage creditor in a prior Chapter 13 Bankruptcy “judicially estop” the same creditor from amending their claim in the same Debtor’s current Chapter 13 Bankruptcy?

January 20, 2013March 30, 2023 Mike Shovan

In a recent 5th Circuit Court of Appeals decision, a proof of claim filed by mortgage creditor in the Homeowner’s prior Chapter 13 case did

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Bankruptcy & Student Loan Relief

What is Judicial Estoppel in the context of Bankruptcy in Michigan?

January 20, 2013March 30, 2023 Mike Shovan

Here are the elements of judicial estoppel: The doctrine of judicial estoppel is “a common law doctrine by which a party who has assumed one

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Bankruptcy & Student Loan Relief

Debtor’s can defend against “fraudulent transfer” claim even where consideration given by debtor was greater than value of benefit received

January 20, 2013March 30, 2023 Mike Shovan

In a Texas case, a Debtor received full value for prepetition payments made to a creditor for purposes of defense under Code § 548(c) to

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Bankruptcy & Student Loan Relief

How do you determine household size for the Bankruptcy Means Test?

January 20, 2013March 30, 2023 Mike Shovan

The US Trustee’s guide to the Chapter 7 Means Test states that household size is the debtor, spouse and any dependents that the debtor could

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Bankruptcy & Student Loan Relief

You cannot surrender property to divest yourself of title to that property in a Bankruptcy in Michigan

January 15, 2013March 30, 2023 Mike Shovan

The debtor’s surrender of property does not divest debtor of title to property in a Bankruptcy proceeding in Michigan. A Chapter 13 debtor’s surrender of

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Bankruptcy & Student Loan Relief

How is the value of property that you want to redeem under 722 determined?

January 15, 2013March 30, 2023 Mike Shovan

If you file a Chapter 7, you have the option to redeem tangible personal property that is subject to a secured claim by paying that

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