As you already know, I am continually searching for quality material that will help you better understand Texas judgment recovery issues. Today, I came across an excellent piece that talks about a facet of judgment recovery and thought you may find it valuable. Be sure you check out this resource and tell me what you think.

You can find the complete resource below for your convenience.

www.courtcash.com The entire country is debt, shouldn’t you be in the debt business? The best Judgment Recovery Training Course there is from the guy who started it all.

As you already know, I am continually in search of quality content to help you better understand judgment enforcement issues. Today, I found a very good bit of information that talks about an aspect of judgment enforcement and thought you may find it helpful. Be sure to take a look at this information and tell me what you think.

You can see the complete resource below for your convenience.

Removing Property Liens in Chapter 7 Bankruptcy

Removing Property Liens in Chapter 7 Bankruptcy

By Jacqueline S. Edington, Paralegal

Normally a second mortgage lien can not be removed in a chapter 7 bankruptcy.  However, if the creditor has put a “judgment” lien on the home instead of a “mortgage” lien; it can be done.  We recently had a debtor who is buying a home valued at 200,000, due to the first mortgage, there is no equity available.  We made a Motion to Remove Judicial Lien based on this fact.  The creditor made no objection in the proper time allotted and the Motion was granted.  Because a creditor made a mistake, it lost out on recovering money loaned.  Perhaps not surprising to realize, creditors make mistakes like this all the time.  Simply researching your client’s case and reviewing any liens involved could save your client a vast amount of money.

In another instance, we had a debtor who filed a chapter 7 bankruptcy and discovered that a creditor had put a lien on the debtor’s property for an above ground pool.  A pool is collateral in itself; it is never acceptable to place a lien on someone’s property for a secured item.  We thought at first to file an adversary proceeding against this creditor until realizing that the client had a second mortgage on his home that was wholly unsecured by lack of equity in the property.  By converting this client to a chapter 13 case, we can remove the second mortgage and the lien for the pool.

Many times, some analytical thought regarding a client’s circumstances and petition can lead to money saving solutions such as these.  It is well worth spending extra time on a case to insure a debtor can indeed obtain a fresh start by filing bankruptcy.

Related Judgment Lien Chapter 7 Articles

How To Outsmart Your Attorney and Save Money On Your Bill!

TALK IS CHEAP…UNLESS YOU’RE TALKING TO A LAWYER!

A penny saved is a penny earned. More than two-hundred years have passed since Benjamin Franklin uttered this famous phrase, yet the words still ring true today. Perhaps this explains why we search high and low to find the loan with the lowest interest rate, the realtor with the smallest commission structure and the bank with the fewest fees.

The need to wisely save (and wisely spend) money is never more true than in tough economic times. Ironically, it is in tough economic times when we find ourselves having to spend money where we wish we did not — on legal help.

Most attorneys, myself included, spend a lot of time explaining “the law” to clients who are seeking advice, but very few of my colleagues spend any time explaining how the client can avoid paying unnecessary attorney’s fees and costs over the course of their representation.

I’ve compiled ten money-saving techniques in this book to help teach potential clients where to look for money-saving opportunities within their own attorney-client relationship. By putting these techniques into practice, those in need of legal representation may easily save hundreds, and possibly thousands, in unnecessary legal fees and costs.

The principles contained in How to Outsmart Your Attorney and Save Money on Your Bill can be applied to virtually any attorney-client relationship, be it business, civil, personal injury, corporate law, contract negotiation, matrimonial and family law, or criminal defense — you name it. Even those litigants who hire one of those lawyers who promise, “If We Don’t Win, You Don’t Pay!” can benefit from the skills to be learned in this book because, what those lawyers don’t tell you, is that you, the client, WILL PAY costs – not fees – even if you and your lawyer lose the case! To the unsuspecting client, costs can really add up. Until now, that is.

Most attorneys charge upward of 0 per hour for their time (double that if your lawyer is located in a big city, and triple it if your big-city lawyer never met a camera she didn’t like) If my readers use any of the techniques to shave as little as one hour of attorney time off their bills, this book will pay for itself several times over!

No matter how rich or poor a person may be, legal representation can be both exceptionally good and affordable. There is no need to compromise one for the other. I hope attorneys and their prospective clients alike will benefit from the techniques contained in this book.

List Price: $ 29.95

Price:

Find More Debt Collection Attorneys Products

As you realize, I am always in search of quality material to help you better understand Texas judgment enforcement issues. Earlier today, I came across an excellent article that talks about an aspect of judgment collection and thought you might find it helpful. Be sure you take a look at this information and tell me what you think.

You will find The full resource below for your convenience.

A Steady Increase in Judgment Lien

The current economic downturn has caused a steady increase in judgment liens levied against defaulted debtors.  This is because the economic downturn has largely been driven and mortgage crisis and general lack of available credit.  As banks and other financial institutions felt the pressure to generate cash and increase capital holdings, they began to call in all the risky and outstanding loans they had issued in previous years when credit was widely available and cash holdings were strong.  However, since the economy has declined, those with outstanding loans and mortgages cannot afford to repay those debts and have thus fallen behind on loan payments.  Desperate for cash, financial institutions have been forced to file lawsuits to recoup their financial losses.  This has led to an increase in judgment liens.

A lien, originally derived from the Latin word “ligament” which means to bond, is a legal claim on somebody else’s property.  It is issued by a court of law in order to repay a debt that has defaulted.  A lien can only be instituted through a legal case.  Therefore, the creditor or the original issuer of the debt must bring a law suit against the debtor.  This term is applied to a property in order to guarantee or secure the payment of a debt. In the United States a lien has come represent a very broad range of financial encumbrances.  However, in other common-law countries, this term has a very specific security definition and is a passive right to retain the before mentioned property, but not the right to sell that property to reclaim a debt.

A judgment lien is a specific type of financial encumbrance that is unique to the Western world’s financial and legal apparatuses.  This term refers to the particular judgment that results from a legal suit and delineates the specific properties or assets that can be held and sold to repay a defaulted loan. Unlike other common-law countries where the debt or loan holder does not acquire the right to actively sell the property or asset, a judgment lien is an active fiscal encumbrance.  This means that the debt holder can not only hold the before mentioned property, but can also actively engage in sale negotiations to help recoup potential losses due to bad or risky loans.

This particular financial encumbrance has been steadily increasing commonality due to the sudden economic downturn that has brought many debtors to edge of financial ruin.  Bankruptcy proceedings have sky-rocketed.  This increase is important when discussing judgment liens because, in many cases, when an individual declares bankruptcy debts and loans can be invalidated or, at the very least, significantly reduced.  Loan holders initiate legal proceedings to secure their debtors assets before bankruptcy proceedings remove those assets.
It is a clear sign that the economy has been severely crippled in the last few months when judgment liens increase.  These liens are often pursued as a last resort to regain some of the expected loss associated with a bad or risky loan.  They are expensive to initiate and legal proceedings can sometimes last days or even weeks, further reducing the amount of money regained by the financial institution.

Related Judgment Lien Bankruptcy Articles

How To Make Money Collecting Judgments: Becoming A Professional Judgment Collector And Recovery Processor (Volume 1)

CD purchased separately. 270 page paperback book for 2010/2011. (updated entire book 08/02/2010). The most common judgments are from Small Claims Court: Landlord VS Tenant, but there are so many more. This bad economy creates more judgments everyday. I would like to personally welcome you to the exciting business of judgment collections. Whether you are doing it to collect judgment owed to yourself OR you want to make money helping others collect money owed to them. By purchasing this system is your first step into this lucrative way to make money from your home or from an office. Collecting money judgments for others is in demand. Not too many people know how to do this. This is a great service for your clients that once they start getting some of their money back they will use your services again and also spread the word by “word of mouth” to others which is the best way to grow your business without advertising. All at www.JudgmentCenter.com (CD contains forms)

Rating: (out of 4 reviews)

List Price: $ 29.95

Price: $ 29.95