Is there any advantage to NOT reaffirm my second mortgage (HELOC) after i file for Chapter 7 BK?

It is malpractice per se for an attorney to sign off on a real estate reaffirmation, unless there is a serious writedown in principal.

In New Jersey, can a wife be held responsible for her husbands secret credit cards amounting to about $40,000. He can't pay it.

While Mr. Adams is correct in that New Jersey is an equitable distribution state, one sticking point is if she was the beneficiary of her husband's...

Would Foreclosure be better then bankruptcy?

We would need to know the value of the properties and the related liens on same. Also, what is your income? What is your family size? Do you...

Due to missinformation from a Paralegal at my Attorneys office stating the value of my home is only 140,000 I filed Chapter 7

Zillow is free. At least here where I live, it is inaccurate. Zillow is therefore forbidden to be used as evidence of value at the 341. Frankly,...

I am being sued. my attoney filed counterclaim. plaintiff filed answer. i discovered my attorney missed key points.what next?

You may want to call up your adversary to request an extension of time to file a responsive pleading. Your adversary should grant your request. ...

I have a renter who filed chapter 13 in 2010 but moved in 4 mths ago. She is not paying rent. Can I evict her?

No need to file a motion for relief from the automatic stay. The debtor filed 3 years ago and she was not a creditor of yours at the time. Go...

Filed personal bankruptcy. Have S corp with bldg in corp name since 2008 -no lien. Can BK court take my office building?

The Trustee can market and sell the stock of the corporation. Your building is at risk of being lost. Immediately consult with an attorney to...

Can I garnish from a business whom the owner owes me money?

At least here in New Jersey, you can levy his bank accounts. What I would consider is levying the business assets. That would light a fire under...

It is likely that UCC Article 9 applies and that this debt was secured and perfected. Stated another way, if you sell this bike and not pay off...

Nov 1 I filed for chapter 7 bankruptcy after being told my house was only worth 140,000 since then the trustee had a drive by

You may file a motion to request permission to convert to a chapter 13. But you are going to have to demonstrate that a chapter 13 plan is feasible.