Skip to main content
William Joseph Kopp Jr.
Avvo
Pro

William Kopp’s Answers

634 total


  • Can I buy a second car before filing bankruptcy and surrender the car I have now that is financed as well?

    I cannot afford the car payment I have right now on a car I purchased and rolled an old car loan into. I will need a car to get to work so my fried suggested I purchase another car while my credit is still good and then surrender the first car in...

    William’s Answer

    Yes. People do it all the time. Just be careful not to put too much down.

    See question 
  • Have been served papers for a debt. May need to file bankruptcy. Need to know cost.

    The papers were served last Friday. They are from a credit card debt and there is also a foreclosure involved

    William’s Answer

    Attorney's fees are generally $500-1500 for Chapter 7 and $2500-4100 for Chapter 13 depending on the difficulty of your case. I hope that helps.

    See question 
  • Is there a way to start a new business ... and then soon after file personal bankruptcy without effecting my business?

    I want to start a new business now ... but I have a long running foreclosure litigation (8 years) that will ultimately end up with me filing for personal bankruptcy. My business would not have many assets ... computer, printer, desk, cha...

    William’s Answer

    They are really just looking to see what assets a business has and if you dumped a whole lot of money into it right before you filed.

    See question 
  • Can a Chapter 7 bankruptcy filing be dismissed by the debtor?

    Hello. I recently retained an attorney to file a Chapter 7 BK for myself and my spouse. I previously filed a Chapter 7 in 2008 and it was discharged. I advised the attorney's paralegal as we were preparing the paperwork that I had previously fi...

    William’s Answer

    Don't jump the gun but there are some alternative methods that will cause a case to be dismissed. Think outside of the box.

    See question 
  • Paying your bills/credit cards once the bills are in collections do you have to deal with the bill collectors??

    Right now I am not working, I hope to be working soon in the next couple of months. The bank just towed my Chrysler 300 under my nose, that was a surprise and I have another monthly bill on a collateral loan on my second car for about $7000 and th...

    William’s Answer

    Please remember, that all of these balances are collecting interest. So you'd be paying back a ton more. The banks have insurance or can sell your debt, filing bankruptcy is not a bad thing. This country was founded by people who debt and that is the reason that we have such a good bankruptcy system.

    See question 
  • Can anyone file chapter 7 bankruptcy?

    I want to walk away from my mortgage do I need to file chapter 7 bankruptcy to keep the mortgage people off my back? I live in Fl and Fl is a recourse state, so if I don't file chp 7 can the mortgage company garnish my wages or what actually can...

    William’s Answer

    The mtge. co. can sue you for a deficiency judgment. If they do, the can collect just like any other creditor. It is rare. However, if you can't pay the mortgage, I'd bet you have some other debt., so you might just want to go on some free consultations.

    See question 
  • How long after Bankruptcy can I look into purchasing a home?

    My current credit score is 510. I cannot afford to pay off the debt I have and think that bankruptcy is my best bet. My biggest concern about filing bankruptcy is being able to buy a home for me and my children. how long usually after filing will ...

    William’s Answer

    As everyone has stated, it may make it easier to buy a home. I always tell people "an easy rule of thumb is two years for a traditional loan. You may qualify for other types of loans sooner."

    See question 
  • Charity care for medical bills in Florida

    A hospital in Florida sent me a huge bills of $60,000 for the past 3 years that I went to there hospital for several emergency and 4 nights of admitted. I told them that I have no health insurance and may not afford to pay the bills most of the ti...

    William’s Answer

    We do cases very cheap if they are going to be easy. Most of us do payment plans. Meet with a few people, you'll be very pleasantly surprised!

    See question 
  • If my wife files bankruptcy by herself will I be in penialized in anyway?

    Hello I am married but me and my wife are separated not legally. We are working on a divorce soon. But she want to file for bankruptcy by herself. Will I be in trouble if I don't file with her? And if I do file with her how long do I have to wait ...

    William’s Answer

    Bankruptcy and divorce go hand in hand. There is no waiting period to file based on divorce. The only thin you need to be concerned with is how the debt is handled in the divorce decree. I often recommend doing them both right about the same time.

    See question 
  • Can you get a loan modification in a bankruptcy for chapter 13 or chapter 7 if you are 5 years behind in foreclosure?

    Me and my mom have been living in our home the whole time. After two years the bank did the foreclosure proceedings. During that time we have been trying to get a modificaton. We just now after almost 5 years have been denied because we didn't mak...

    William’s Answer

    Yes. Bankruptcy done in conjunction with a modification has a much higher success rate. It might depend on where you are in foreclosure process but do get some consultations. The bankruptcy wipes out her other debt so the bank will be much more likely to get a mod. done.

    See question