Bankruptcy Erased My Personal Guarantee — So Why Can They Still Take My Collateral?
A bankruptcy discharge kills your obligation to pay — but if you pledged collateral, that lien survives. Here’s what the law says and what you can do.
UCC
Mortgage Myths: What the Legal Records Show
Quick Answer: Legal records consistently show that mortgages are valid, enforceable documents, contrary to “Vapor Money Theory” claims that suggest otherwise. Courts repeatedly reject arguments that mortgages are invalid because loans weren’t backed by “actual money,” with judges dismissing these conspiracy theories as unfounded attempts to avoid legitimate debt obligations.For so long I’ve heard the …
