Archived
Used up all student loan forbearance bullets, and i'm now just considering non-payment. Next best steps and possible scenarios?
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Answered on June 21, 2016
A chapter 7 bankruptcy erases your unsecured debt but it will do nothing for your student loans. That said, a student loan can be erased in a...
Archived
Will any of the interest I save have to be paid back as an unsecured debt? Will my co-debtor be liable for what I saved?
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Answered on March 17, 2016
If your car is worth less than what you owe on it, you may be able to use a Chapter 13 bankruptcy “cramdown” to reduce the balance and interest...
Archived
Would the $30,000 in equity be a problem for me to file without my spouse? Again, I have no ownership of the house.
Stephen's answer
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Answered on February 19, 2016
You don't have $30,000 in equity because your not on the DEED. Your spouse has $30,000 of equity.
That said, Pennsylvania family law believes in...
Archived
Am I going to be able to get a bankruptcy? Or am I headed to divorce court?
Stephen's answer
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Answered on February 19, 2016
The general guideline to file a chapter 7 bankruptcy is the means test, which states that a household of two can make $58,187 and still file a...
Archived
Can I declare bankruptcy?
Stephen's answer
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Answered on February 04, 2016
I don't advise that you to disclose the following information - assets, income, debts etc. but it's impossible to know if a bankruptcy is a prudent...
Archived
Can my lawyer have my entire bankruptcy case dismissed because I still owe him a payment?
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Answered on January 29, 2016
A lawyer cannot dismiss a case. I think all lawyers' wish they could dismiss a case at some point in their career but the reality is that only a...
Archived
What can we do? Can I be discharges as a cosigner if I'm on disability.?
Stephen's answer
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Answered on January 20, 2016
You have the power to stop the debt collection harassment. Simply demand that the debt collection agency stop contacting you in writing. I...
Archived
Can I take what little funds I have left, secure a residence, then file for bankruptcy?
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Answered on January 06, 2016
The best advice for your situation would be to call a bankruptcy attorney as soon as possible.
You have several options but they are best...
Archived
My fiancé and I are getting married in Pennslyvania in April. He has $140,000 in graduate student loan debts. Am I liable?
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Answered on January 02, 2016
No. Your not responsible for your spouse's pre-marital debt. Similarly, your not eligible to obtain your spouse's pre-marital assets.
Here is a...
Archived
What will happen to anything in MY home should my brother file bankrupcy?
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Answered on November 21, 2015
Mental health issues can complicate a consumer bankruptcy and sometimes result in a denial of discharge if a shopping spree occurred shortly before...
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