Bankruptcy & Foreclosure Videos

Bankruptcy Attorney

Introduction to Martella Bankruptcy Attorneys

Differences Between Chapter 7 and Chapter 13

In this video you will learn whether you can qualify for a Chapter 7 bankruptcy or if you will forced to file a Chapter 13. Also, you will learn the different payment options in a Chapter 7 and a Chapter 13 as well as the differences in the length of time it will take to receive your discharge.

What Can I keep When Filing Bankruptcy in Florida?

In this video, you will learn what the exemptions are under Florida Bankruptcy law, in other words, what you get to keep. Things like what personal property you get to keep, and whether you can keep your car and house, retirement funds and other assets.

It will also review how you can keep your non-exempt assets as well by reaching an agreement with the trustee to buy them back or by filing a Chapter 13.

What Happens at the Creditors’ Meeting During Bankruptcy?

Generally, the only time someone has to go to court in a bankruptcy case is for the Creditors’ Meeting. This is when the debtor meets with the trustee and answers questions under oath. The debtor is also subject to questioning by creditors. This video will go into detail as to what you can expect at your creditors’ meeting.

Learn about Automatic Stay and When Your Debts are Discharged

In this video, you will learn about one of the greatest benefits you can enjoy immediately upon filing your bankruptcy petition to stop your creditors from chasing you, levying on your wages or bank accounts and making harassing phone calls- the Automatic Stay.

You will also learn how long it will take for you to receive a discharge of your debts in a Chapter 7 and Chapter 13 bankruptcy.

Keep Your House and Car When You File Bankruptcy

In this video, you will learn how you can keep both your house and car even if you file bankruptcy. It will explain the different options available to you under both a Chapter 7 and a Chapter 13 bankruptcy including how you can keep both your house and car even if you are behind on your payments.

Can I Modify My Mortgage During Bankruptcy?

In this video, you will learn the tools that are available to attempt to modify your mortgage even if you have been denied in the past. Also, you will learn the rules that apply to getting rid of your second mortgage, also known as lien stripping. If you qualify to have your second mortgage stripped, upon receiving your discharge the second mortgage is no longer a lien on your property.

Learn about Chapter 13 Bankruptcy Payment Calculations

One of the benefits of a Chapter 13 bankruptcy is that you generally get to keep most of your assets. However, the more non-exempt property you keep, the higher your payment will be. In this video, you will learn how to calculate what your monthly payment will be under a chapter 13 plan by taking into account what your non-exempt assets are and what your disposable income is at the end of the month after all allowable expenses are deducted. You will also learn what income may be exempt from the calculation of your payment.

The Bankruptcy Means Test

The Means Test was implemented by Congress in 2005 when it made massive changes to the Bankruptcy Code with the enactment of BAPCPA. The Means Test makes it harder to file a Chapter 7 bankruptcy if you make more than the median income for a family of your size based upon the state you live in.

In this video, you will learn how your income is calculated and how you can determine if you qualify for a Chapter 7 or if you will have to file a Chapter 13 because you have too much income to file a Chapter 7.

Served with a Foreclosure Complaint?

While it may have taken awhile for your lender to serve you with a foreclosure complaint and lis pendens, once you are served, you must act quickly because you only have 20 days to file a response to the complaint or you may waive your rights.

In this video, you will learn what happens once you are served, how the foreclosure process works and what you need to do to protect yourself.

What are My Options after a Foreclosure Complaint?

Just because you have been served with a foreclosure complaint and lis pendens by your lender does not mean that you are out of options to resolve your mortgage situation. In this video, you will learn how you can attempt to modify your mortgage, pursue a short sale or, negotiate a waiver of a deficiency.

However, none of the options may be available if you ignore the foreclosure complaint and don’t take action to file a response within 20 days of being served with the complaint.