Can I just tell the Trustee at my 341 Meeting about an omitted item on Schedule B instead of amending my Chapter 7 petition?

The answer to the actual question is to ask the trustee what is appropriate.As everyone has said, the issue is what is the asset. Depending on its...

I notice that my equity balance changed to $0.00. What does that mean?

Banks have different divisions that do not act in coordination, let alone consistent with positions taken by their counsel. To attach any...

Selected as the best answer

My home in Massachusetts is way underwater. If I file a Chapter 13 does the mortgage Company accept the appraised amount.

As to your home,if it is a single family house, the bankruptcy court has no ability to alter your mortgage . However, I have clients of mine...

Zillow should be fine though a trustee may ask for a bpo which a broker should be willing to do for a few dollars. Good luck.

During a Chapter 7 bankruptcy, can my daughter pay my normal living expenses like food and utilities?

The devil is in the details. If you can be considered a dependent and are getting a few hundred, then there should not be a problem. On the other...

My rental property was foreclosed in 2005 but I'm now being contacted by the lawyer of the parties that acquired the property.

You need to figure out what the title problem is and if the creditor can fix it and if it can, how long and how much money it will take. If it was...

Two unit condo. bank is selling one unit after 4 years. other unit owner does not want to sign 6D clearance

Your statement that nothing has been paid in the past to the other owner troubles me as you can not do this on your own. Either there is an...

Can i get a loan modification if no foreclosure is imminent, but have loss of income?

You may be able to obtain loan modification. To do so, you need to push the company to process it.You need to either make this a priotity in your...

What should I do if I have already filed Chapter 7 Bankruptcy and the bank has not yet foreclosed on my property?

This can be handled in several ways. First and foremost, you may wish to have homeowners insurance to cover liabilities you may have as an owner....

Deceased parent's house will be facing foreclosure due to reverse mortgage.

As already discussed, short sale or just dragging out the foreclosure may buy you a year, give and take. WIth a few ifs, bankruptcy may be an...