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After an asset is discharged in bankruptcy court, my house. can i file bankruptcy on the equity line?
Sandra's answer
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Answered on July 15, 2014
The bankruptcy can wipe out the personal liability to pay but not the security interest. That means that if the second mortgage is not paid, they...
Archived
Can I save my home in ch 13?
Sandra's answer
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Answered on July 15, 2014
Yes, so long as you are on the deed to the property, you should be able to file and make arrangements to get the loan current through a chapter 13...
Archived
I have credit card debt in my name that I can't pay and is in collection. Assets are in my husband's name.
Sandra's answer
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Answered on July 15, 2014
There is more information that would need to be shared to determine whether a bankruptcy is the best option for you. Be sure to meet with...
Archived
Consequences of default on $35k parent plus loan from AES since I am now retired and on soc sec?
Sandra's answer
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Answered on July 15, 2014
If it is a federal loan, they can garnish your income, sue you and put a lien on any assets you have. If it is a non-federal loan, they can sue...
Archived
Bought a car for sister. She pays notes every month. Trying to buy a house and do not want 2 count the car as my debt. What 2 d?
Sandra's answer
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Answered on July 15, 2014
It would be your debt if the loan is only in your name. You can add her payment to your income and explain the situation to the lender.
Archived
Bankruptsy in 11/2008 after closing my restaurant. Chapter 7. My house was included. How many years is my house protected?
Sandra's answer
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Answered on July 15, 2014
If you owe the IRS money, then your home is not protected. the IRS can take collection action against you if the IRS debt was not discharged during...
Archived
If we filed bankruptcy on our home mortgage with our bank can we now go back and open an account without them taking our money?
Sandra's answer
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Answered on July 15, 2014
If you filed for bankruptcy and did not reaffirm the debt, then they cannot take money out of your account for discharged debt if they allow you to...
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Archived
When do I need to hire lawyer for this? Student loans/military service
Sandra's answer
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Answered on July 14, 2014
If the student loan people are being rude and not helpful to you in trying to resolve this matter, it would be a good idea to communicate with...
Archived
If an insurance Cpy refuses to give me a payment plan I can afford to pay an uninsured accident inNH, is there anything I can do
Sandra's answer
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Answered on July 14, 2014
Did they sue you and get a judgment? When was the license suspended? If they sued you and have a judgment it may be best to file for bankruptcy and...
Archived
In MA, short sale of home in 2010 and unsecured Fannie Mae HomeSaver Advance loan since 2009. What is state statute of debt?
Sandra's answer
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Answered on July 14, 2014
You need to look at your note. It will say what law governs in the event of a default.