Bankruptcy, Short Sale and Deed in Lieu in Foreclosure

A significant part of my neutral practice involves New Mexico foreclosure mediation, and I have written several posts recently regarding foreclosure.  See Foreclosure Mediation - Limitations and Concerns and How a Mediator Can Help in Foreclosure - More Thoughts.  Today, I'd like to look at a couple of particularly thorny issues that often arise in foreclosure mediation.  

First, it may be that the homeowner will need to consider whether he or she is even able to afford the home.  If the homeowner is not offered a loan modification that will

The Intersection of Bankruptcy and Divorce

Increasingly when couples come to me today seeking to mediate their New Mexico divorce, it quickly becomes apparent that they need to consider bankruptcy.  Although an attorney, I do not do bankruptcies, so I generally insist that they take a time out from the process (a few days or weeks) to confer with or consider conferring with a bankruptcy attorney.  In New Mexico, the State Bar generally conducts a Consumer Debt/Bankruptcy Workshop every 4th Wednesday of each month, at 6:00 p.m., at the State Bar offices at  5121 Masthead NE, Albuquerque. (To sign up, call 505.797.6094.)  

Here's is a very brief and superficial overview of bankruptcy, and bankruptcy issues arising in divorce.