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Thursday, March 19, 2009

Ind. Law - More on foreclosure and bankruptcy

The Indianapolis Star has a story this moving headed "Marion County Clerk and Superior Court Judges tout mortgage foreclosure prevention." The story was "provided by Angie Nussmeyer [who] is a media contact for the clerk."

Foreclosures. Per Marion County Clerk Beth White's testimony before the Senate Judiciary Committee yesterday on HB 1176, lenders file the initial foreclosure complaint in the clerk's office, which:

mails the court summons and a copy of the complaint to the borrower. In the spring of 2007, Clerk White directed her staff to begin including a flyer that provides contact information to the Indiana Foreclosure Prevention Network’s toll free hotline: 1-877-GET-HOPE. [Website]

“Unfortunately, foreclosures are poised to become an even larger issue in our community, state and country,” Clerk White said. “When you receive notice of foreclosure, there is still time to get help – and you are not on your own. Our office is in a unique position to disseminate information to homeowners about the services of the Indiana Foreclosure Prevention Network and we are glad to partner with them.”

Another important component to the county’s foreclosure prevention efforts is the Marion County court’s recent addition of a new local trial rule (49TR85-231). This rule offers a settlement conference as an option to get the parties together in an effort to resolve the issue in a manner that is satisfactory to everyone. [ILB - Access the Trial Rule here, at p. 53-54 of the PDF]

Bankruptcy. A primer, along with a series of videos on bankruptcy basics, designed for "debtors, creditors, court personnel, the media, and the general public", are available from the U.S. Courts site, here.

Posted by Marcia Oddi on March 19, 2009 08:01 AM
Posted to Indiana Law