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PRIVATE PLACEMENT FUNDING SOLUTIONS FOR ACCREDITED INVESTORS

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Condition

Contingencies

When you put in an offer on a home, you can specify certain conditions that must be met before the deal will go through – these are called contingencies. You have to make sure you can actually get the loan (a financing contingency), that the inspection doesn’t show anything too crazy (inspection contingency), and that…

CHAPTER 13 AND 7 FACTS

Under Chapter 13, a codebtor stay comes into effect upon the filing of the petition under certain conditions. 11 U.S.C. § 1301. Generally, the codebtor stay prevents collection of a consumer debt against any individual who is liable on the debt with the debtor, “or that secured such debt.” The language of Section 1301(a) “is broad…

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