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Type of bankruptcy. What it means for you. Chapter 7. Often referred to as liquidation, this type of bankruptcy means selling off your non-exempt assets to repay your debt.
Ownit Mortgage Solutions Chapter 11 bankruptcy and liquidation Mortgage lender January 29, 2007: American Freedom Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender February 21, 2007: First Merchant Bank: withdrawal of the concession Offshore bank [1] April 2, 2007: New Century: Chapter 11 bankruptcy and liquidation Mortgage lender ...
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Chapter 7 bankruptcy. Leslie Tayne, attorney and founder of Tayne Law Group in Melville, New York, says you’re eligible for a mortgage a few years after a Chapter 7 discharge of debt.
Hilltop Holdings is a financial holding company that provides business and consumer banking services from locations all around Texas via its primary subsidiary, PlainsCapital Bank. A wholly owned subsidiary of PlainsCapital Bank, PrimeLending, provides mortgage lending services with offices throughout the United States. Hilltop Securities Inc ...
Having a bankruptcy on your record can feel financially restricting. Declaring bankruptcy can cause your credit score to drop significantly and will stick around on your credit report for up to 10...
In 1990, the company was acquired by GMAC Mortgage Corporation. [2] In 2005, GMAC (now Ally Financial), a subsidiary of General Motors, transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Capital Corporation (ResCap) and contributed $2 billion of equity. [3]