There are no mechanisms in bankruptcy that would force a mortgage company to modify the terms of their note. They have a contract, you signed on the line, you agreed to pay, they agreed to give you the money. There’s no mechanism in the bankruptcy code that forces a creditor to do that. However, what we found in this climate, in this economy, that mortgage companies are coming forward and they’re offering clients deals, whether it be a 7 or 13, to modify and to try to keep that debtor in that home.
Understanding Child Custody: What You Need to Know
Child custody is one of the most emotionally charged and complex aspects of family law. When parents decide to part ways, it becomes necessary to determine how the responsibilities and rights for the children will be divided. Understanding child custody and the...