Welcome to the Law Office of Nathan D. Borris, Esq.

We provide legal expertise in a variety of different fields, including:

  • Bankruptcy law;
  • Criminal Defense;
  • Estate Planning;
  • Probates;
  • Unlawful Detainer;
  • Restraining Orders;
  • Civil Litigation;
  • Contract Formation and Review;
  • Debt Negotiation;
  • Real Property Law.

I have arranged this website to provide cursory information on different fields of law, with a large emphasis on the bankruptcy process: frequently asked questions regarding the law and procedure as well as how it can affect you, testimonials of past and present clients, and a blog where I post new developments in the law or recurring trends I observe in the midst of my practice.  I do my best to keep the information updated and to expand the resources available.

Please take a moment to review these resources. If you need further assistance, or would like to arrange a meeting in-person or over the phone, please complete the 'Request a Free Consultation" form, or simply call for further assistance.  We would be more than obliged to assist you.  If your legal issue does no fall into any of the above categories, feel free to contact me nonetheless.  If nothing else, I can at least point you in the right direction.

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Fraudulent Transfers and Bankruptcy

When someone files for bankruptcy, he or she is required to disclose all assets to which that individual holds title. The reason for this disclosure is to allow creditors and the trustee to see what the debtor is holding, and whether some or all of those assets will become part of the bankruptcy estate, i.e., liquidated for the benefit of the debtor's creditors. While state and federal laws allow for exempting certain types of property and certain amounts of value, whatever cannot be exempted from the estate becomes fair game for creditors.

The History of Student Loan Dischargeability

These days, the non-dischargeability of student loans is a well known fact; many prudent graduates who are burdened with significant student loan debt have at least sought the possibility of filing bankruptcy to relieve student loan debt, only to discover (rather quickly) discharge as a distant pipe dream. Student loans have not always been non-dischargeable, though. Beginning in 1976, Congress began to chip away at 11 U.S.C. 523(a)(8), the discharge exception to student loans, eventually and for all practical matters making student loan debt non-dischargeable by 2005.  

Limits to the Automatic Stay

The automatic stay is an injunction that protects a debtor from the actions of their creditors. The stay is imposed immediately upon the filing of a bankruptcy under any chapter. Its purpose is to protect debtors from collection actions of their creditors, either by statute or agreement. The most common example in consumer bankruptcies is where a debtor files bankruptcy to stop a foreclosure (non-judicial) sale. The authorization allowing the bank to foreclose on a property is most commonly found in the power of sale clause of the deed of trust securing the loan. Other types of collection actions include repossessions, levies, garnishments, and imposition of judgment liens.

Mortgage and Deficiency Liability

A mortgage is simply a creditor's lien against a piece of real property whose purpose is to secure larger loans, most often purchase money loans. A mortgage is only valuable to the extent there is equity in the property, factoring in any senior liens/mortgages against the property. Depending on the type of mortgage and when it was recorded against the property, a creditor may have different remedies in the event of borrower default.

Proofs of Claim in Chapter 13 Bankruptcy

One of the primary purposes of the requirement that the debtor list all known liabilities in his schedules is to ensure that his creditors receive notice of case. If no notice is received by the creditor, it really has no way of protecting its interests. Once the creditor receives notice of the case, it has the option to file what is a called a "proof of claim", basically a declaration of what the debtor owes the creditor, substantiated with proof of a loan or indebtedness. If the creditor wishes to be paid, it is incumbent upon the creditor to file a claim.

Debt Limits in Chapter 13 Bankruptcy

Chapter 13 bankruptcy is limited to individual filers, and is essentially a streamlined version of chapter 11 bankruptcy, which is mostly reserved for businesses, though individuals may file under chapter 11 as well. “Individuals” even includes self-employed individuals and those operating unincorporated businesses. Chapter 13 allows an individual with a modest amount of debt to seek reorganization. However, eligibility in chapter 13 depends on the debtor’s total secured and unsecured debt.

The Home Affordable Modification Program (HAMP) and Modifications, Generally

The Home Affordable Modification Program (HAMP) is a federal program designed to help homeowners who are currently struggling to make their mortgage payments. In a nutshell, the program seeks to modify loan repayment to be no more than 31% of a borrower's gross monthly income.

The No-Cost Bankruptcy

Many people who file for bankruptcy do not have the financial means to hire an attorney or bankruptcy preparer. There are a couple of options available to the insolvent debtor, but all require self-teaching, time, and patience.

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