Secrets of the New Bankruptcy Code
Putting your client and you in control
C-5138
NEW CLASS

Congress made the most sweeping changes to the Bankruptcy Bill in 20 years with the Bankruptcy Abuse and Consumer Protection Act of 2005.  Placing new burdens on debtors to gain access to the bankruptcy courts, the rules have changed for debtors facing foreclosure situations. 

With foreclosures on the rise, many homeowners are feeling the squeeze of higher fuel prices, increased credit card interest rates, and adjustable rate mortgages that are adjusting upward.  Sometimes a home sale is a good option.

This course demonstrates for the real estate professional how the distressed homeowner can use the bankruptcy court to gain protection from creditors and buy time to put their home on the market with an agent rather than trying to sell a "distressed" home.