Our home is being foreclosed we want to file bankruptcy but my husbands name is on our daughters deed How will that affect her?

Your husband's interest in your daughter's house would be an asset in his bankruptcy. It's not possible to tell whether that interest has any value...

I am being sued by a credit card company. I am unable to pay what they want monthly. What happens if they file a judgement?

Civil procedure is different all around the country. Generally speaking, unless you have a defense, they will win the lawsuit and OBTAIN a...

Sister's bankruptcy hurt my credit?

Big problem for you -- her interest in your home belongs to her bankruptcy estate. The trustee will be able to sell the house out from under you to...

Selected as the best answer

I'm considering bankruptcy I only own a pick up truck and i'm still making payments on my motorcycle which is my primary means

Bankruptcy will help you discharge the credit card debt. But, with monthly take-home of about $1,200 (we multiply by 2-1/6 because of the months...

Can I file bankrupcy chap 7 if I am not employed

I think you've asked two questions. You can be unemployed when you file a chapter 7 case. You do not need to wait until foreclosure to file,...

What % of equity in my house might prevent me from deciding to file bankruptcy this time around? I think my equity is @25%.

The issue isn't percentage, it's the dollar amount of the available homestead exemption. My information (which could be out of date, so you need to...

Bankruptcy. does term life insurance with no value need to be listed as an asset on a chapter 7 petition?

Best practice is to list it. Believe it or not, there are ghouls out there who will buy term policies from a bankruptcy trustee as a bet on the...

Chapter 7 Bankruptcy. I'm filing a motion to avoid judicial lien on real estate.

My appendix was inflamed, so I bought a book on do-it-yourself surgery. I got past the directions for cutting through the skin, but it says to have...

I want to report a potential bankruptcy fraud.

Trustees are always talking about the "Ex" factor when they discuss how they learn about fraud. Ex-spouses, Ex-roommates, Ex-neighbors, etc. If you...

Maybe they can in NC, but I'd be very surprised. If you failed to either pay or give up the jewelry, maybe. But simple nonpayment is a contract...