Can I apply my auto exemption amount to reduce the amount of the auto loan if I have negative equity( in chapter 7).

As stated in the previous answers, you cannot do what you are proposing. However, in a Chapter 7 case, you have the option of redeeming the...

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Does bankruptcy stop a divorce case? What effect does the bankruptcy have?

When a person files for bankruptcy, an automatic stay goes into effect. The stay prohibits the commencement or continuation of legal proceedings...

If you have to declare bankruptcy in NY (manhattan) what happens to your coop that you own (est value $850,000)?

There is a $150,00 homestead exemption for the debtor's equity in the co-op. So it would be necessary to know whether there are any mortgages on...

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What is the general price for a chapter 7 bankruptcy in my area including lawyers fee?

The fee will depend on the complexity of the case. The fee can range from $800 for a very simple case up to $2,000 for a debtor that owns a small...

Does the bank have to unfreeze my account once I file bankruptcy? How can I ask the bank to do?

The bank does not receive direct notice of your bankruptcy filing. It is the responsibility of the creditor's attorney (or the creditor if not...

Can a credit card company freeze my bank account? I have a check account at the same bank that I owe the credit card. CHASEBANK

The first $1,740 in any account is not subject to restraint. The bank will allow you to withdraw this amount from the account. If the account has...

Can a creditor freeze bank account in its entirety? I thought laws protected some of the money in account?

The New York Exempt Income Protection Act protects certain types of income on deposit in bank accounts from seizure by creditors. In addition, the...

A different party is asking for lift of mortgage stay order in chapter 13 & trying to enforce ORIGINAL OLD MORTGAGE NOTE debt

I agree with the preceding answer. In addition, you cannot "cramdown" a mortgage that is secured solely by your principal residence, i.e. reduce...

Long Lost Uncle's Estate Found 30 years later...Who takes it?

Since Joe died after Paul, then Joe’s share of the estate would go to Joe’s estate. So, if Joe had a will, then his half would be distributed as...

Hello, I was sued as a defendant for credit card debt of $16,545.46. I was laid off last November and don't have a house and car

Funds in your 401(k) account cannot be taken by a creditor to satisfy a credit card debt. Nor can your unemployment benefits be taken. Based on...

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