Is this taxable?

Yes, the creditor will most likely issue you a 1099 and you have to report that as income on your taxes.

I need to file chapter 7 bankruptcy immediately, and can't afford a lawyer. I want to keep my house

Although you may represent yourself in bankruptcy court and file a bankruptcy case without an attorney or "pro se," it is extremely difficult to do...

Deed in Lieu - 1st & 2nd mortgage with same bank

You should speak with an attorney that will ask questions pertainting to your financial situation and your goals. At that point, the attorney can...

I have overwhelming debt since by divorce and I cannot afford to live like this

Almost all bankruptcy consultations are free. You should take advantage of this. Most attorneys will listen to your circumstances, educate you on...

Yes, Under N.J.S.A. 2A:16-49.1, anytime after one (1) year has elapsed after a debtor is discharged from their debts, you may apply to the same...

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Bankruptcy

A creditor can only garnish wages after obtaining a judgment. The other attorneys answer is 100% correct. If husband were to file, she would...

I may be losing my home. Which is better to do: Deed in lieu, foreclosure (unfriendly), or simply walk away?

You should speak with a Foreclosure attorney or a Bankrutpcy Attorney (if you have other debt). Gernerally those cosultations are free. While...

I was named on the Rider to Mortgage, am I liable if mortgage goes into foreclosure? Can the bank come after me for the money?

You are making a distinction that requires a discussion of the mechanics behind a mortgage. The note is the buyer’s personal promise to make...

I was named on the Rider to Mortgage, am I liable if mortgage goes into foreclosure? Can the bank come after me for the money?

The other attorney's answer is correct. You are making a distinction that requires a discussion of the mechanics behind a mortgage. The...

Mistakenly purchased 'vacant property'

There are significant risks in bidding on properties at a foreclosure sale. Foreclosure sales are for real property only and not the structures...