If I stop making mortgage payments on a land purchase, how will it affect my credit and can they take other assets?

If you stop payment on a mortgage loan, the bank will eventually foreclose, and the property will be sold at a sheriff's sale. Although very rare...

How can my husband sell his house if he surrendered the house with a mortgage in bankruptcy.

You are following up on your question of earlier today. Deeds are recorded at the office of the recorder of deeds for your county. (Some counties...

Why is my husbands name still on a house that he surrendered during a chapter 7 bankruptcy about 5yrs ago?

Surrendering a home in bankruptcy discharges your personal liability for the loan. It does not remove you from the deed. You still own the home...

How do I get a collection item removed from my credit report after a bankruptcy has been discharged?

Under the federal Fair Credit Reporting Act ("FCRA"), both creditors who report false information to the credit bureaus and the credit bureaus...

How can I sue for my tuition from my fraudulent for- profit school headed by EDMC?

Unfortunately, for-profit colleges have left many students with a mountain of debt for little value. The federal government and states have been...

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Can my divorced wife make me pay for her bad debt even though she gave me the ring back?

The Pennsylvania Statute of Limitation that applies to most consumer debts of this type is four years. Assuming that neither your ex-spouse nor you...

Re aged debt by Portfolio Recovery. Can I sue in Magistrates Court ?

If a creditor attempts to "re-age" a debt by reporting a false last payment date to the credit bureaus, it is a violation of the Fair Credit...

Does a Loan Modification after a Bankruptcy become a new loan or still discharged debt?

If you did not reaffirm the loan in bankruptcy, your liability is discharged even if you later obtain a mortgage modification. You can still "walk...

Has enough time passed that they won't be able to "undo" this transfer?

If you transfer property for less than the fair market value, either before or after a creditor obtains a judgment, you are leaving yourself open...

Am I going to have a problem getting a chapter 7 bankruptcy?

You need to discuss these transactions in detail with a bankruptcy attorney. Cash advances are dischargeable unless they were taken out close to...