Would I have to disclose that Im the beneficiary of a promissory note in chapter 7?

If somebody owes you money, then that is definitely an asset that needs to be disclosed. There are several factors that might impact strategy...

How would I pay this mortgage debt through chapter 13?

Yes, a Chapter 13 bankruptcy would allow you to spread the past due payments out over monthly payments of up to 5 years. During that time you...

Does my ex-spouse owe money on car payments that he co-signed on.

If he is personally liable for the loan as a co-signer, then the bank would not have taken him off the loan just because you were divorced....

How to pay my servicer and make sure this payment is going towards my late payments and not for the suspense account ?

A suspense account is typically used when you make a payment for less than the full amount owed. The bank may put that partial payment into a...

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Can I file Chapter 13 and payback a portion of student loan debt over 5 years?

Yes, this is certainly an option. The portion of your monthly payment the student loans will receive may depend on what other debts you have,...

What are my options to save my home and what legal action can be taken against the servicer?

It's tough to answer this without having more information. In the Chapter 13 case, a servicer is now required to file a notice with the court any...

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My college is trying to collect a debt from 1989. National Direct Student Loan Promissory Note from 1989! What can I do ?

It sounds like this may be a federal student loan, but you need to find out for sure. To do so, you'll need to log into the National Student Loan...

Can a private student loan company take money from my social security ?

A private loan collector does not have the same setoff rights as they would for federal loans. In order to involuntarily collect from you, a...

BANKRUPTCY - STUDENT LOANS

While obtaining a discharge of student loans in bankruptcy can sometimes be difficult, nobody can advise you of your likelihood of success without...

My mother is a senior citizen and is living on a very tight budget

I would suggest that she speak with an attorney to review her options. While bankruptcy may certainly be an option, it is not necessarily the only...