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Is Your Loan Forgiven If Your Lender Goes Bankrupt?
 
The real estate and mortgage crisis that ensued since 2007 has resulted in hundreds of banks, mortgage companies and other lenders going out of business.
You may have received letters from your lender indicating they have filed for bankruptcy protection under chapter 11. What does this mean for you? According to Carmen Dellutri, Esq., founder of The Dellutri Law Group, P.A., the answer must be “very lawyerly: It depends.”
DailyDollar Poll  
What did you do with your tax refund this year?o Paid down my debto Stashed it in my savingso Shopping!o I didn’t get a refund this year
 
Is Your Loan Forgiven If Your Lender Goes Bankrupt?Unfortunately, lender bankruptcy isn’t a magic potion for getting your monthly payments waived. There is always another company standing line to purchase a bankrupt lender’s receivables.
If your plans are not changing, (i.e., you are going to keep your home, or car or whatever the loan was for) then keep making your monthly payment, and mail it following the latest instruction received.
Settlement Info About Personal Injury And Drug Recall  
GetMeALawyerNow covers a wide range of accident and prescription drug related injuries.
If you feel that you have suffered from an accident or medical related injury, you ... more

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