Archived
I'm in a $235k mortgage, value of house is $100k, I'm considering abandoning this loan, what will this do to my credit.
Theodore's answer
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Answered on September 21, 2011
It will hurt your credit and you may be liable for the deficiency on the loan amount after the foreclosure. If you file bankruptcy before the...
Archived
How bankruptcy affects my life? What happen to me after 7 years?
Theodore's answer
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Answered on September 21, 2011
The bankruptcy is on your credit report for 10 years. There is some case law out there to suggest that an employer could refuse to hire you...
Archived
We filed chapter 7 Bankruptcy a couple of months ago in Illinois. How long do we have to stay in our home?
Theodore's answer
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Answered on September 21, 2011
I have people who are still in their home three years after filing. The banks are in a moratorium on foreclosures because they screwed the pooch...
Archived
Pa state. How can I collect my judgement due to me from small claims court for a civil lawsuit, after 30 days?
Theodore's answer
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Answered on September 21, 2011
You need to file the judgment and serve it on the debtor. then there are various means to collect, but it usually has to do with a wage...
Archived
Can I request money from escrow from law suit?
Theodore's answer
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Answered on September 21, 2011
Depends on the lienss from the essccrow account that are being paid. the attorney is supposed to administer that money within a reasonable time...
What is considered a luxury expense that cannot be discharged in bankruptcy?
Theodore's answer
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Answered on September 21, 2011
Case by case basis but any charges made in the 90 days before you file are presumed to be non-dischargeable and fraudulent transfers IF the credit...
Archived
Does filing chapter 13 bankruptcy automatically stop a pending appellate court appeal for foreclosure decision by lower court
Theodore's answer
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Answered on September 21, 2011
Interesting question. The automatic stay does not apply against the debtor, so any actions that you initiated can continue. Also the bankruptcy...
Archived
Do i need to worry??
Theodore's answer
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Answered on September 20, 2011
You should be concerned.
Archived
Wife & I are both on the deed & I am on the mortgage alone. Live in Florida.
Theodore's answer
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Answered on September 20, 2011
They can forclose and the debt is secured so it is not removed from the property if you file bankruptcy. Both of you can keep the property, but...
Archived
Credit debt
Theodore's answer
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Answered on September 20, 2011
People often ask if they can keep homes, second homes, cars, boats, tax refunds, etc., when they are contemplating Bankruptcy. I always tell them...
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