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Jennifer Arden Jakob

Jennifer Jakob’s Answers

81 total


  • Does a Bankruptcy filed by one renter clear amount owed?

    There were 3 people listed as renters.

    Jennifer’s Answer

    The money owed can be collected from anybody that cosigned on the lease. No money can be collected directly from the person that filed bankruptcy, the landlord would have to collect through the bankruptcy Court.

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  • Cosigner filed bankrupt. What does that mean for my car

    On my credit report the car from the finance com does not show up that I ever had the loan. I don't know what to do. I was primary on the loan but when I call finance co they state car is in bankrupt

    Jennifer’s Answer

    If the cosignor filed for bankruptcy, you are still responsible for the debt. If you want to keep the vehicle, continue to pay for it. If you do not want the vehicle, you may look at filing bankruptcy yourself. The cosignor filing for bankruptcy does not relieve your personal liability.

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  • Chapter 13 vs Chapter 7

    I am filing for bankruptcy. I am told that my income is too high at a gross of $60,000 per year to file Chapter 7. About 10K of this is OVERTIME, that I am not guaranteed to have. Even with this income, basic living expenses EXCEED my ability t...

    Jennifer’s Answer

    There are a lot of factors that help determine how much you have to pay back in a Chapter 13 and whether you qualify for a Chapter 7. Sometimes these outside factors allow you to deter from what the means test states that you have to do. We would be more than happy to review your financial situation a determine whether you qualify for a Chapter 7. 404-255-3837.

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  • What schedule do I put already foreclosed house and repossessed car in?

    The house has been sold already and I received a 1099-a and the car has also been sold and I received a bill for the difference, I know they are unsecured debts but which schedule do they belong on? please advise. Thanks

    Jennifer’s Answer

    Bankruptcy filings can be very difficult for someone who does not have experience. I highly recommend hiring an attorney. If you would like to discuss a bankruptcy filing, please call my office.

    Jennifer Jakob-Barnes
    Jakob-Barnes Law Firm, LLC
    6095 Lake Forrest Dr.
    Suite 270
    Atlanta, GA 30328
    678-990-4197
    www.sandyspringsbankruptcy.com

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  • If I helped someone get a car years ago and it was repossess, if the company still has it on my credit and I was never contacted

    if I helped someone get a car years ago and it was repossess, if the company still has it on my credit and I was never contacted, are they still allowed to ask for money even after they sold the car, and am i allow to get the car back to make paym...

    Jennifer’s Answer

    Deficiency balances from repossessions are many times dischargeable in bankruptcy. I would be more than happy to set up a consultation and see if bankruptcy is an option for you.

    Jennifer Jakob-Barnes
    Jakob-Barnes Law Firm, LLC
    6095 Lake Forrest Dr., NW
    Suite 270
    Atlanta, GA 30328
    678-990-4197
    www.sandyspringsbankruptcy.com
    info@sandyspringsbankruptcy.com

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  • Please Help! Bad Investment Gone Terrible

    Hello - Thank you for taking the time to read this. I made a really bad investment decision way back in 2006 by purchasing an investment property (residential house). The property was worth about $350,000 back then. I bought it so I could ren...

    Jennifer’s Answer

    If you want out, you may want to look at the options of a short sale or surrendering the house back to the mortgage company in a bankruptcy. I don't have enough information here to determine whether either of these would be a good option for you. I would be more than happy to speak with you in person to help determine the best option. Please feel free to contact my office and set up and appointment.

    Jennifer Jakob-Barnes
    Jakob-Barnes Law Firm, LLC
    678-990-4197
    6095 Lake Forrest Dr., NW
    Suite 270
    Atlanta, GA 30328
    www.sandyspringsbankruptcy.com
    infor@sandyspringsbankruptcy.com

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  • Should I wait to file chapter 7 until after my bank approves my fha partial claim?

    I plan to file chapter 7 due to my serious overload of dept and I need a fresh start. My car that I've had is upside down and I am behind on my mortgage payments by 5 months. My bank says that I qualify for this "special" government program and th...

    Jennifer’s Answer

    There are many factors to determine whether you should file now or in the future. I would be more than happy to discuss your specific situation with you.

    If you are in the middle of a loan modification, you wither want to get the final modification before filing or file a Chapter 13 to keep the house. Many times when you are in the middle of a modification and file a Chapter 7, you have to start the modification process over. Loan modifications sometimes take a very long time, some houses end up in foreclosure before the loan is ever modified.

    Please call to discuss further.

    Jakob-Barnes Law Firm, LLC
    678-990-4197
    6095 Lake Forrest Dr., NW
    Suite 270
    Atlanta, GA 30328
    www.sandyspringsbankruptcy.com
    jennifer@sandyspringsbankruptcy.com

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  • Is it legal for the mortgage company to attempt to recoup the unpaid difference if my loan application is denied?

    March 2010 I was informed by the mortgage company that I qualified for Making Home Affordable Modification (MAHM) loan program. After making the required payments, in July 2010, I was notified my application was denied by the underwriter (no rea...

    Jennifer’s Answer

    • Selected as best answer

    If you filed a bankruptcy in 2009 and got a discharge, you are only personally liable on the mortgage debt if you signed a Reaffirmation Agreement. This means you can walk away from the house without any reprecautions.

    If you signed a Reaffirmation Agreement, you could be liable for the deficiency.

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  • What can i do to stop harrasing calls from my car paymemt company.

    i have been getting at least 20 to 30 calls a day from them and when i tryed to talk to someone at the corprate level they just put be back to the other collection person ,who then would not let me set up a plan in two weeks to pay 1 late payment....

    Jennifer’s Answer

    It sounds like a Chapter 13 bankruptcy would probably help you. In a Chapter 13 bankruptcy, you reorganize your debt. You would no longer be paying the car company directly. You would have a chapter 13 payment that would pay off the debt. Once a bankruptcy is filed, the car company can no longer call you. Please call me if you would like to explore this option further.

    Jakob-Barnes Law Firm, LLC
    6095 Lake Forrest Dr.
    Suite 270
    Atlanta, GA 30328
    678-990-4197
    www.sandyspringsbankruptcy.com
    info@sandyspringsbankruptcy.com

    See question 
  • I was waiting for my permanent loan modification in order to file for chapter 7 bankruptcy.

    I was holding up on filing for Chapter 7 bankruptcy because i had a pending loan modification. I have excessive credit card debt and also as a result of a short sale on my previous residence the bank had to write off about 215K. They say they wo...

    Jennifer’s Answer

    You are able to file once the mortgage company signs off on the loan modification. I would highly recommend obtaining a copy of all the paperwork on the loan modification before filing. I would also highly recommending obtaining an attorney and have them represent you during your bankruptcy. I would be more than happy to speak with you regarding the specifics of your case.

    Jakob-Barnes Law Firm, LLC
    6095 Lake Forrest Dr., NW
    Suite 270
    Atlanta, GA 30328
    678-990-4197
    www.sandyspringsbankruptcy.com
    info@sandyspringsbankruptcy.com

    See question