I surrendered my boat loan during my chapter 13. My attorney says my brother can make the payments and the bank won't repo it.
Joseph's answer
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Answered on February 28, 2014
As a general matter, if a debt is being paid, a creditor will not move to repossess or otherwise try to collect on the underlying debt, because,...
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Are all bk cases halted where a trustee is not able to sell a surrendered home to investors...
Joseph's answer
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Answered on February 28, 2014
You question does not provide enough specific facts. However, as a general matter, a bankruptcy may remain open, even after a discharge is...
Archived
If you filed for bankruptcy and someone is about to suit you can you amend your BK filing
to include this potential claim.
Joseph's answer
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Answered on February 28, 2014
Yes, and you should add this claim in the appropriate Petition Schedule. You may list the amount as "unknown", and contested, unliquidated, etc....
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In chapter 7, can I sign and accept a loan mod?
Joseph's answer
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Answered on February 25, 2014
Yes, you can enter into a loan modification after your bankruptcy filing (post-petition). However, you should speak with your attorney regarding...
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My ex wife& I had a joint checking acct and line of credit while married, I was granted both in divorce & I am filing chapter 7.
Joseph's answer
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Answered on February 21, 2014
Your ex-wife would have had to have signed this loan obligation if it was a true joint obligation, so I would start with obtaining a copy of the...
Archived
My home was included in a Chapter 7 bankruptcy discharged in 2011, I continued to live in the home & qualified for a loan
Joseph's answer
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Answered on February 21, 2014
Although you may have discharged your obligation under the mortgage note through the Chapter 7 case, the loan modification agreement may contain,...
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What are the consequences if you walk away from your mortgage payment. Would you need to file bankruptcy first?
Joseph's answer
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Answered on February 20, 2014
Surrendering a home to a mortgage lender does not require a bankruptcy. Your sister may be able to walk away from the home without paying anything...
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What factors due the bankruptcy court consider in a chapter13 case in regards to how much you would pay the trustee in the plan
Joseph's answer
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Answered on February 18, 2014
The amount of your monthly Chapter 13 trustee payment is based upon a couple of factors. First, your disposable income is considered, which is the...
Archived
Can a person file for bankruptcy while going though a divorce?
Joseph's answer
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Answered on February 14, 2014
Yes, you can file a bankruptcy at any time. Sometimes it makes sense to file a bankruptcy in the context of a divorce to get rid of the debt and...
Can you be arrested for not paying a "Credit Card Judgment in Massachusetts"?
Joseph's answer
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Answered on February 14, 2014
The short answer is "no". There is no such thing as a "debtor's prison", unless of course the debt you owe is the the IRS. The most a credit...
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