As a Foreclosure Defense and Bankruptcy Attorney, I am frequently asked “what is a Deed in Lieu of Foreclosure or otherwise known as a Deed in Lieu?” A Deed in Lieu occurs when a homeowner signs a deed to his or her property conveying his or her interest in said property over to the lender who holds the security…

When consulting with prospective clients for bankruptcy, I am often asked whether that person can keep a certain credit card, while including all other cards into the bankruptcy. My initial response to this questions is that the answer is “No, the Bankruptcy Code prohibits bankruptcy filers from preferring certain creditors over others when fling their case….

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