HAMP stands for the Homeowners Affordable Modification Program and it’s the Obama Administration’s foreclosure-prevention program. The attractive feature since April 2010 is that the program specifically permits folks in current bankruptcy cases to still pursue HAMP modifications. Today a client (who had recently entered into a 3-month Trial Mortgage Modification Agreement with his mortgage company) just informed me that after … Read More
How do I convert my Chapter 13 case to Chapter 7?
We frequently have to convert Chapter 13 cases to Chapter 7. Usually, it’s because the client in a Chapter 13 case has lost his job and doesn’t have the same income he once had. You must be careful however to determine whether you are eligible for Chapter 7 relief. For example, if you filed a Chapter 7 case and got … Read More