The number of bankruptcies in the US is rising at a dangerous speed. This is a serious problem and bankruptcies are expected to rise over 41% in 2009. How do you know if you're on the road to bankruptcy? Here are some of the top warning signs:
1. Not using a budget
2. No control over spending
3. No emergency fund
4. Own a home you cannot afford
5. Own a car you cannot afford
6. You are using credit cards to get by
7. You have student and other unpaid debt you have been ignoring
If you see the warning signs in your life, and you find yourself struggling to make ends meet every month, it's time to make some serious decisions.
We work with top rated attorneys across the United States. We will be happy to refer you to an attorney that is trained in bankruptcy law, has your best interest at hand, and will do everything possible to help you retain homeownership.
This may include negotiating with your Servicer or your Lender to get you affordable payments and loan terms, or if necessary present your case to directly to the Bankruptcy court.
Call for more information: (877) 894-7477
US Court Audit™ - Bankruptcy Attorneys
Expands firm by promoting and facilitating the protection of a debtor’s home in a Chapter 7 or 13.
Assists debtors in loan restructuring initiatives and earns additional compensation.
Delivers impartial offensive and defensive strategies to trustee for negotiation services prior to filing a Chapter 13 plan.
US Court Audit™ - Debtor’s Counsel provides Debtors Counsel and Bankruptcy Attorneys with a powerful tool to facilitate a rapid, equitable and workable loan restructure for clients – both in or out of bankruptcy courts.
Debtor’s attorneys, like bankruptcy trustees, are being increasingly swamped with overwhelming case loads, with an increasing percentage of new cases involving foreclosures.
Obviously more and more attorneys are becoming involved with loan restructuring because as attorneys they are uniquely positioned to properly represents their clients rights and not are likely to be forced to accept less than a truly fair and equitable result which is so often the case if the borrower is not represented by counsel.
But, even experienced Debtors and Bankruptcy counsel are often not equipped to effectively negotiate loan restructurings simply because it is not economically feasible for them to do so, even if they were willing to collect the myriad of data, records, information, and then attempt to analysis the 10 to 12 different factors which should properly be indentified and analyzed to support a specific bottom line recommendation of the terms of the restructuring.
This is where the US Court Audit™ comes in. It provides the Debtor’s attorney with the complete, comprehensive analysis of all pertinent factors and then specifies the terms of the restructure. In an increasing percentage of cases the Loan Servicers, who are as equally swamped as the attorneys and Courts, accept the recommendations because they realize that it is in their best interest to do so for everybody’s benefit including the communities in which we live.
If the Loan Servicer cannot be persuaded to accept the recommendations, and it is necessary to file a bankruptcy petition, then the Debtor’s attorney is free to submit the Audit to the Trustee and the Court.
Given the thoroughness and quality of the Audit, and overwhelming need to streamline the process to handle an estimated 10 to 20 million loan restructurings, it can be seen that more and more Courts across the Country are accepting the recommendations made in the Audit to help expedite the entire process and to help not just the homeowners, but the Lenders and Loan Servicers alike, contributing to the rebuilding of our Country’s economic base.
For more information about the US Court Audit™ and to determine how you might participate in the enormously significant industry of rewriting our nation’s mortgages,
Call for more information: (877) 894-7477
US Court Audit™ - Trustees
Now handles more cases per month and speeds the judicial process.
Provides a forum for equitable relief prior to a Judges ruling.
Creates revenue allowing for increased capacity to serve entire case load.
The already difficult job of bankruptcy trustees will become more difficult still when the newly passed legislation allowing bankruptcy Judges to restructure residential mortgages takes effect. In addition to mediating disputes over the value and disposition of assets, trustees will now have to address the complicated and less familiar questions surrounding how loans should be modified, or if they should be modified at all. US Court Audit™ will provide the information trustees need to make those recommendations. The powerful US Court Audit™ does just that.
This comprehensive forensic audit we have developed specifically for the bankruptcy process analyzes all aspects of the mortgage and the loan origination process, identifying violations of laws and regulations, if any, by the lender and misrepresentations, if any, by the borrower. Because the audit focuses equally and objectively on both sides of the transaction, it gives trustees a powerful tool to encourage debtors and lenders to negotiate a settlement that resolves the modification issue before the disposition plan is presented to the Judge.
This collaborative process will help clear crowded court dockets, saving time and money for everyone (the courts, the trustee, debtors and creditors) and, equally important, facilitating equitable resolutions that benefit all the parties involved.
In order to move forward it would be best to call and discuss our US Court Audit™ with one of our attorneys. Our attorneys are seasoned professionals with former litigation, arbitration and trustee experience. Please feel free to contact us so we can discuss the US Court Audit™ more in length, explaining both features and benefits in more detail, along with the ordering and tracking process.
Call for more information: (877) 894-7477
US Court Audit™ - Servicers
Ability to be negotiate an equitable plan prior to filing a Chapter 13 plan and a Judge's ruling.
Maximize debtor's incentive to remain current on mortgage obligations.
Lender can disentangle from BK proceedings and automatically lift stay if borrower defaults.
Whether you are currently utilizing E-Commerce solutions or not, you may want to take a proactive approach and get on board with the latest technology. If you don't, you will not only miss the boat, but it may cost you millions in bankruptcy court claims.
Through the use of US Court Audit™ and it's US Court Audit™ portal, Bankruptcy Attorneys, Trustees and Courts can now communicate effectively with each other and provide an e-secure way to communicate about specific case files and transmit rulings and time-critical documentation to each party in a secure and accountable manner.
With the onslaught of bankruptcy filings anticipated for 2009 (increase of 42%), Servicers need to be able to track modification requests, bankruptcy claims, legal proceedings, Judges rulings and become proactive to the decision processes.
The Problem
It is critical that communication always be documented. There will be a finite timeline imposed by legislation which will allow the Bankruptcy Courts to cram down or modify a loan. One important prerequisite is that the borrower must prove that they attempted or requested a modification at least 30 days prior to any bankruptcy proceedings with their lender. This is a critical point for the Servicers. If 30 days pass and there has been a failure to communicate with the borrower, the Bankruptcy Judge will be allowed to cram down new mortgage terms and conditions and the Servicer shall receive a notice of the new mortgage terms.
The Solution
US Court Audit™ will provide a free portal to all Servicers, Trustees and the Courts, allowing access to secure and documented communications between all parties as required by legislation. We will be launching this service in the month of March 2009.
