Will I be able to keep a rental property with no equity in a ch. 7 bankruptcy?

Generally, the debtor can retain rental property in Chapter 7, if there is no or very minimal equity in the property and the cash flow is positive...

I plan to file Ch13. Mtg was 2400 a month debt is 40,000. Will the 2400 a month be reinstated after trustee sets up payments?

Unfortunately, Chapter 13 does not reduce your regular mortgage payment. Rather, it enables you to catch up on your missed payments (including late...

Difference between Chapter 7 and 13 Bankruptcy.

If you qualify, Chapter 7 bankruptcy results in the complete discharge of most or all of your debts. There are a few debts that are not...

Can a lawyer halt a foreclosure judgment for a client so that the client can sell the property on their own to pay back the bank

Yes, it is possible to stop or at least delay a foreclosure. There are a number of ways to accomplish this goal, including raising a defense to the...

Often, when a judgment is unpaid for some time, the creditor will take substantially less than the balance to settle the debt in full. However, it...

I agree with my colleagues regarding the Pennsylvania bankruptcy exemptions. There is rarely a reason to take the Pennsylvania state exemptions in...

If I filed bankrupt willI have to give up my car that still has a current loan balance?

Generally, as long as you are current and can remain current on your auto loan payments, you can keep your car in Chapter 7 bankruptcy. Problems...

I Had a call from Lombardo Daniels and moss they say they are a law office.

The Pennsylvania Statue of Limitations on most debts is 4 years. In other words, the creditor has 4 years to file suit against the debtor. (There...

If my house sells at the sheriffs sale for less than what I owe, am I responsible for the difference?

In Pennsylvania, the lender has six months from the date of the sheriff's sale to seek a deficiency judgment. The deficiency is the difference...

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I have a car owned free and clear. A debt collector told me that they would force the sale of vehicle. Can they do that?

I am sure it is not surprising, but debt collectors frequently lie. You are correct that the creditor would need a judgment against both spouses to...