Archived
Received Request for Judicial Intervention, what do I need to do?
Michael's answer
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Answered on May 06, 2013
The lender has to go through certain procedures to take back the property. As long as you are not being sued for a deficiency judgment, you need...
Archived
How much does it cost to file bankruptcy?
Michael's answer
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Answered on April 30, 2013
It depends on who you hire. Legal fees for a straight Chapter 7 are between 1k and 2.5k You really shouldn’t hire the most expensive or the...
Archived
Is a creditor prohibited ( in New York State ) from taking collateral if one is current on the payments after filing chapter 7?
Michael's answer
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Answered on April 28, 2013
If there are 2 signors on the car loan, as long as the loan is current, the lender cannot repo the car.
How bankruptcy will affect doctor professional license?
Michael's answer
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Answered on April 25, 2013
How does that really apply to you?
Archived
If you have to declare bankruptcy in NY (manhattan) what happens to your coop that you own (est value $850,000)?
Michael's answer
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Answered on April 24, 2013
The COOP will be sold, expenses of sale will be deducted and all liens will be paid first, homestead exemption paid to debtor, other creditors...
Archived
If I file a chapter 7 bankruptcy by myself does my wife get the homestead exemption if her name is not on the deed?
Michael's answer
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Answered on April 23, 2013
If your wife is not on the deed then she does not have any ownership interest in the property.
So, no, she cannot exempt out property she does...
Archived
How much money are you allowed to have when filing for bankruptcy?
Michael's answer
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Answered on April 23, 2013
If only the answer were as simple as the question. I would simply contact a local bankruptcy attorney and he or she will be able to accurately...
Archived
Is it necessary that I provide a creditor with "adequate protection" before asking him or bankruptcy court to remove lien?
Michael's answer
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Answered on April 19, 2013
I don't know what Bernstein involved, but a creditor must remove its levy on the account ASAP after the case is filed unless the amount in the...
Archived
Do I need to submit all the schedules before my chapter 13 mtg?
Michael's answer
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Answered on April 18, 2013
Submit the schedules ASAP. You should not need an extension.
Can you double the homestead exemption in NY where only wife is on deed, but husband and wife are both on note and mortgage?
Michael's answer
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Answered on April 17, 2013
Simply, no.
