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I own my car free and clear. The KBB value is $10k-$12K. Will I lose it in a chapter 7 bankruptcy?
My debt is about $35k.
Sandra's answer
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Answered on July 31, 2014
It would depend upon what exemption slate applies to your case - that means it will depend upon the law of where you lived for the 2 year period...
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I hired a BK attorney,but I decided not to file.I told him I was having problems with the creditors
Sandra's answer
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Answered on July 31, 2014
You need to look at your agreement with the lawyer to determine how much you receive and how much they receive. The referral fee would be a fee...
My husband is declaring bankrupcy and he is an authorized user on my credit cards. What do I do.
Sandra's answer
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Answered on July 31, 2014
You would still be responsible for the cards if they are on your name. You can have him removed as an authorized user.
Can my lien holder repossess my car after the discharge of chapter 7 bankruptcy?
Sandra's answer
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Answered on July 30, 2014
If you do not pay for the car during the case or are in arrears at the time the case is filed, then the lender can file a Motion for Relief with...
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My wife filed for bankruptcy while our divorce is still going.
Sandra's answer
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Answered on July 30, 2014
If there were joint bills that she listed, then you would be on the hook for those since you did not file. If that was the case, you should have...
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How Do I File For Bankruptcy? If I Dont File Quick I Will Lose Everything I Have Thank You
Sandra's answer
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Answered on July 30, 2014
You should immediately consult with experienced bankruptcy counsel in your area to review your income, expenses, debts and assets to help you...
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My name is on a car loan with my son. I want to get my name off of it, how can I without refinancing he can't refinance
Sandra's answer
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Answered on July 30, 2014
You can file for bankruptcy on the loan. That would remove you from liability. Depending upon the lender you may be able to pay and drive. But that...
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I am a car dealer I received form 9A for bankruptcy, can I still be able to repo the vehicle in the next 24 hours ?
Sandra's answer
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Answered on July 30, 2014
The automatic stay precludes you from self help of picking up the car. You can file a Motion for Relief with the Court to seek that relief, but you...
Archived
What wording is imperative to have in a "release of liability" once a payment schedule has been fulfilled?
Sandra's answer
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Answered on July 30, 2014
Why not just have mutual releases drafted and have those signed? Then there is no issue and no confusion on any one's part.
Archived
I DI D A CONSTRUCTION JOB AND NOW i CANNOT PAY MY SUPPLIER. cAN HE LIEN THE JOB AND IF SO CAN i BANKRUPT FROM IT. aj
Sandra's answer
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Answered on July 30, 2014
It would appear that he can seek a mechanics lien. You should talk to experienced collection counsel in your area as to the timeframes, contract,...