There are no mechanisms in bankruptcy that would force a mortgage company to modify the terms of their note. They have a contract, you signed on the line, you agreed to pay, they agreed to give you the money. There’s no mechanism in the bankruptcy code that forces a creditor to do that. However, what we found in this climate, in this economy, that mortgage companies are coming forward and they’re offering clients deals, whether it be a 7 or 13, to modify and to try to keep that debtor in that home.
Your Guide to Enforcing Court Orders in Florida
Court orders play a critical role in ensuring fairness and accountability in child support, custody, and alimony agreements. But what happens when one party fails to comply? Navigating the enforcement process can feel overwhelming and frustrating, especially when it...