Handling a Bankruptcy - Filing a Proof of Claim

By
Education & Training with Pan-Am Cros-star Loan Cert'n Bankport

   FILING a proof of claim:

                               Unless the bankruptcy notice indicates that a chapter 7 petition was filed as a no-asset case, you should PROMPTLY file with the Courta proof of secured claim evidencing with this proof of the debt owed, including: BOTH, total debt AND arrearage (past due ) debt.  (The bankruptcy notice usually will indicate if this is necesary.)

   REPORTING:

                    Once you have been advise of  bankruptcy proceedings involving a Main Deository National Lending Institution, you must report the status of the mortgage to them no later than the NEXT Report, using the corresponding action code.

   DATING:

              Report as action date the date that the repayment plan will expire, or the anticipated date by which the bankruptcy will be resolved, which CANNOT be more than 36 MONTHS IN THE FUTURE. IF, only IF it takes longer than 36 months to resolve it, you will need to provide the actual date of resolution or a neww anticipated date at the END of this 36 months period.

Luigi Mario FRASCINI

WARNING:This message contains information which may be confidential and privileged. Unless you are the addressee (or authorized to receive for the addressee),you may not use, copy or disclose to anyone the message or any information contained in the message.  If you have received the message in error,  please advise the sender by reply e-mail at homesbyluigi@hotmail.com, and delete the message. IRS Circular 230 Disclosure: To ensure compliance with Treasury Department Regulations, we advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions or (ii) promoting, marketing or recommending to another party any tax-related matter addressed herein. This information has been provided with the understanding that ANY and ALL questions regarding legal advise and ANY other professional services SHOULD BE DIRECTED to a qualified professional  who specializes in such services.

Luigi M. Frascini

Thank you, LM F      α<> Ω               (714) 296-3364                     homesbyluigi@hotmail.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Keller Williams 'Rainers
RE/MAX Active Rain Bloggers
Albanian-American Realtor©

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
17,123

Luigi Mario Frascini Appulara

Pan Am Cros Star, Loan Certification Bankport, LSD
Luigi Mario Frascini Appulara
*
*
*
*
Spam prevention