Failure to notify creditors properly could limit your bankruptcy protections – Guest Post by New York Bankruptcy Attorney Jay Fleischman

Posted on December 30, 2014. Filed under: Uncategorized |

One of our more popular posts in the last few years. Thanks, Jay Fleischman, for your guest post. Since this post, Jay has moved to California from New York, but still maintains offices in both states. He is now a proud member of the California Bar. You can find him at
http://www.consumerhelpcentral.com

Kentucky Bankruptcy Attorney - Call Toll Free Today 1-888-651-9353 or 270-651-7777

For people who are filing for bankruptcy in Kentucky, an important decision caps what experienced bankruptcy lawyers consider a critical move – always make sure you tell the right people about the bankruptcy case and all related proceedings. As a recent Kentucky bankruptcy court opinion confirms, failure to notify creditors properly could limit your bankruptcy protections.

In the case of In re Allen, a Kentucky homeowner filed for Chapter 7 bankruptcy after taking out a home loan that went through the usual ringer of being securitized (in other words, it was chopped up into a million little pieces and sold to investors). The Chapter 7 trustee filed a lawsuit against Deutsche Bank National Trust Company and Mortgage Electronic Registration Systems, Inc. to declare that their interest in the property was invalid.

So far, this is what is swiftly becoming a routine course of action in bankruptcy cases around the country…

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