Skip to main content
Stephen M Trezza
Avvo
Pro

Stephen Trezza’s Answers

2,019 total


  • After filing for bankruptcy how long do you have to wait to purchase a house, car, or an apt., etc...?

    Is there a 7 yr wait to purchase a home, car, apt. Or any larger assets?

    Stephen’s Answer

    You can buy a car right now. The real question is what will the terms and conditions of the contract be. There are steps you can take to improve your credit rating. Get an unsecured credit card and start using it responsibly. If you're not secured credit card is not available to you at this time get a secured credit card and start using it. Get a secured line of credit from the credit union by walking into the credit union with $500 and making that request. These are the things that credit bureaus want to see in order to increase your credit rating. As for buying a house usually you have to wait at least two years before any bank will give you a loan.

    See question 
  • Can I file bankruptcy if I don't have a job

    I haven't work none this year

    Stephen’s Answer

    Since you have been unemployed this summer it seems very likely that you will qualify for Chapter 7. Generally that means all of your unsecured debt will be discharged. Unsecured debt includes credit card debt, repossession dead, broken leases, medical debt and others. Depending upon the exemption laws in your state you will more likely than not be able to keep all of your property. Please discuss the matter further with a competent in bankruptcy attorney and your County.

    See question 
  • How do homesteads protect your home in AZ?

    What protections does having a homestead in Arizona afford you? What are ways that will void your homestead? I own my own home free and clear. No mortgages, loans and taxes are paid.

    Stephen’s Answer

    I agree with my colleague. I would that that a homestead could be jeopardized if you have more than one residence in Arizona then I would advise you to record a homestead declaration on one of them.

    See question 
  • Why did immiration take my dad for a crime he did 13years ago and he served his time already?

    my father was arrested 13years ago for possession and he did time in jail hes been out of trouble ever since and hes a resident but this crime came back to hunt him and he was taken this morning while we were all asleep.

    Stephen’s Answer

    He needs a criminal defense attorney.

    See question 
  • Can you just send in a receipt that your judgment has been paid to the credit bureaus without going to dispute it in court?

    I had to pay back unemployment and I did and i have a written letter or relase of lien from attorney office. They stated I had to go to court to get it removed, but I want to know if I send the letter of release of lien will the credit burears hon...

    Stephen’s Answer

    You say you have a written lien release so you should record that at the county recorders office.

    See question 
  • Can my girlfriend be served for unpaid loan on a federal holiday in Oklahoma?

    she was served today 1/21/2013

    Stephen’s Answer

    Yes . Service of process can happen almost anytime.

    See question 
  • Short sale with a credit union & they will not waive the deficiency.

    Shortsale attorney tells me to contact a bankruptcy attorney prior to accepting the shortsale with Credit Union because they will not waive my deficiency. I thought I'd be better off to shortsale then file bankruptcy later if necessary?

    Stephen’s Answer

    Why bother with a short sale? The discharge injunction that results from a successful bankruptcy case is sufficient protection.

    See question 
  • I'm being sued by a JDB, I filed an answer contract & have a CM conference set. Can I still file for BK?

    I plan on filing Ch 7, but do I run into any potential problems if I file? Should I wait for a judgement before I file or should I file now to stop a judgement from happening? What are any risks involved with filing before judgement & is there a ...

    Stephen’s Answer

    You can file now but before you do you must consult with a competent bankruptcy attorney so your entire financial situation can be assessed. Generally filing prior to entry of judgement is a good idea but not always.

    See question 
  • HOA dues and bankruptcy

    My spouse and I are being sued for past home owners association dues. Can I take responsibility for the debt then file for bankruptcy? Will the bankruptcy affect us both?

    Stephen’s Answer

    The laws regarding HOA fees are complex. You need to consult with an attorney. Generally the homeowners are joint and severally responsible for the fees and the property is considered collateral for any outstanding balance. A bankruptcy petition may be a good option for you but a competent bankruptcy attorney must assess the entire situation.

    See question 
  • What is the obligation and rights of a judgement debtor? Do I have to pay the creditor in the way he/she requires?

    I lost in a small-claims court and become the judgement debtor. The judgement creditor ordered me to mail him the certified check while I want to meet him and give him money directly. One reason is that the amount of money is quiet small. Also, I ...

    Stephen’s Answer

    Send a cashiers check. he will cash it and it will be done. move on.

    See question