Chicago Partners Ryan Holz and Douglas Sargent and Associate Irina Dashevsky authored an article on the zero-balance approach to reporting post-bankruptcy discharged loans. In the article, Holz, Sargent and Dashevsky discuss the majority and minority views, and point out that zero-balance reporting may create inaccuracy when debtors continue to make mortgage payments post-discharge in order to avoid foreclosure.
To read the full article, click here.