http://www.realestateinvestingtax.com/shortsale.shtml
REALESTATEINVESTINGTAX.COM
Real Estate Short Sale vs. Foreclosure Tax Consequences
http://en.wikipedia.org/wiki/Short_sale_(real_estate)
EN.WIKIPEDIA.ORG
Short sale (real estate) - Wikipedia, the free encyclopedia
ANSWER TO QUESTION POSTED ON MAJOR BANKRUPTCY WEBSITES:
Q: Can a creditor freeze my bank accounts? I was threatened by phone:
ANSWWER (Posted by Kevin Ryan): A creditor is prohibited from taking such action, at least in Ohio, without first obtaining a Judgment in a municipal or common pleas court where you reside. Wage Garnishment is a separate post-judgment legal proceeding and you have to be served with notice on that. Post Judgment a creditor CAN file for a bank attachment and this can occur without your being notified, a sort of nasty consequence of letting a matter proceed to judgment. Filing a bankruptcy case would of course stop this process, but you should consult with an attorney first to determine your best option under YOUR circumstances.
http://www.kickassshortsales.com/BankruptcyExplained.html
KICKASSSHORTSALES.COM
How Bankruptcy Effect Foreclosures and Short Sales
QUESTION ANSWERED BY ATTORNEY KEVIN RYAN IN ONLINE LEGAL FORUM CONCERNING BANKRUPTCY :
LAW AREA: BANKRUPTCY
STATE: OHIO
ID:49887
Question: If my Chapter 13 got thrown out, can I file a Chapter 7?
Question Detail: I filed a Chapter 7 years ago and then two Chapter 13 cases and both were thrown out because of my non payment. Can I file a Chapter 7?
ATTORNEY RESPONSE:
assuming that you have no previous ch 7 filings prior to the ch 13, then yes, you may be eligible for a Ch 7 filing. Since Chapter 7 is in essence a "liquidation" case
rather than a "reorganization," you should consult with a qualified bankruptcy attorney who handles BOTH ch 7 and ch 13 to see if any of your property would be in jeopardyof being liquidated in a Ch 7 case (which cannot be automatically dismissed).
