Articles Posted in Washington DC

Mortgage reinstatement is your first and best loss mitigation option when facing foreclosure. Mortgage reinstatement means catching up your missed mortgage payments, along with all associated late fees and charges. To reinstate, you must pay the full amount due and owing in a single lump sum.  Mortgage companies rarely accept reinstatement amounts less than the amount…

In bankruptcy, a Motion for Relief from Automatic Stay (in short, an “MFRS”) is an attempt by a creditor to initiate or continue certain collection efforts. The Automatic Stay takes immediate effect in every bankruptcy case. The Automatic Stay prohibits creditors from undertaking any collection activities, including lawsuits, foreclosures, phone calls, garnishment, and repossession. A creditor may…

If you are due a tax refund and file bankruptcy, you must take proactive steps to protect it. Asset protection is a big part of what bankruptcy lawyers do. If you want to protect your tax refund in bankruptcy, talk to an experienced bankruptcy lawyer. An income tax refund received after a bankruptcy is filed…

An episode of the Netflix series Dirty Money takes a look at Scott Tucker, payday loan company owner of 500FastCash, Ameriloan, and OneClickCash. On January 5, 2018, Tucker received a 16-year, 8-month prison sentence on federal criminal charges for operating an unlawful internet payday lending enterprise. Scott Tucker of 500FastCash, Ameriloan, OneClickCash Tucker charged his customers 400…

In September 2010, the District of Columbia Housing Finance Agency (DCHFA) started the DC HomeSaver Program. The program is part of the Hardest Hit Fund and offers foreclosure prevention services for District of Columbia homeowners. A sliding scale of eligibility offers mortgage payment assistance up to 24 months and/or up to $60,000. Eligibility for the DC…

Most litigants would like to see the speedy resolution of their lawsuits. Litigation is time-consuming and expensive. But your litigation strategy should not indicate to your opponent that you are eager to settle or seem hurried to come to judgment. You can’t rush litigation. The scheduling order In every case, there is a scheduling order…

Select the best bankruptcy lawyer for you. Make a personal connection, communicate, and ask questions. If you have a problem and want to tell someone about it, then you will probably want to tell a friend. Friends listen, and although they may not always understand, they always try. That’s why they’re you’re friends. We all…

Preforeclosure (or pre-foreclosure) is the period between default on a mortgage and the formal, legal foreclosure process. Mortgage companies typically distinguish these stages by the length of delinquency. The formal foreclosure process in Virginia and Maryland commences between three and six months of default. Foreclosures in Washington, DC typically begin between four and 10 months…

New Chapter 13 bankruptcy Plans took effect nationwide on December 1, 2017. Trustees, creditors and debtors alike are grappling with the new Plans, which are the result of extensive revision by nationally-recognized leaders in bankruptcy practice. What is a Chapter 13 Plan? When you file a Chapter 13 bankruptcy, you are doing so for one…

Most business disputes are the result of a breach of contract. Since contracts are written documents, the language of the contract, as well as the actions of the parties, will determine whether the dispute will result in litigation. Be reasonable and attempt to settle first, but also know when it’s time to sue. Corporations are…