Archived
My deceased father in AZ owes $88K on mortgage & 2 HELOCs ($24K total), house worth $60K - will I be able to get deed in lieu?
Daniel's answer
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Answered on June 30, 2013
You can just let it go and they will foreclose. Unless there are enough other assets in your father's estate to exceed any exemptions available to...
Archived
I need advice RE; Bankruptcy and Modification
Daniel's answer
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Answered on June 27, 2013
Absent a loan mod on your first mortgage, you will have to have enough income to make the regular payments on your mortgage and enough in addition...
Archived
Can I do a Chapter 13 bankruptcy to save my house if I filed a Chapter 7 in 2010
Daniel's answer
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Answered on June 27, 2013
You can file the case now to cure the arrears. You will not receive a discharge because, filing to filing, it has been less than 4 years (another...
Archived
Disposable income for bankruptcy?
Daniel's answer
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Answered on June 26, 2013
Absolutely. But my guess is that you have not included all of our expenses, if you pass the means test, unless your income has increased...
Archived
Civil lawsuit
Daniel's answer
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Answered on June 25, 2013
The Alexandria division of the US District Court for the Eastern District of Virginia covers Arlington.
Archived
Is it legal to cancel a customers open order because they filed chapter 11?
Daniel's answer
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Answered on June 25, 2013
You probably have a right to demand adequate assurance of payment, or to insist that they assume the contract before you incur costs to perform,...
Archived
If you file a chapter 13 does it stop foreclosure . Second, Once you file how long is it before you have to resume monthly payme
Daniel's answer
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Answered on June 21, 2013
Chapter 13 will stop the foreclosure, but it does not stop the monthly payments.. You will need to start making regular monthly payments on the...
Archived
My wife & I own a foreign lot ovrseas it's worth just what we owe. She needs to file chpter7-due to ccrds. Wht hapns to the lot?
Daniel's answer
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Answered on June 20, 2013
If it's worth no more than you owe on it, and assuming the lender has a properly perfected lien on the lot under that country's laws, the trustee...
I was researching homestead exemption and wanted advice if this would help my situation.
Daniel's answer
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Answered on June 20, 2013
You should virtually NEVER use a homestead exemption in VA to exempt property outside of bankruptcy. You use it up exempting wages or bank...
Archived
I filed bankruptcy and meet with the creditors/trustee 2 days ago but I just found out one of the creditors put a lien in home
Daniel's answer
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Answered on June 20, 2013
If it is a judicial lien (judgment), yes, it can be avoided under section 522(f) of the bankruptcy code if there is no equity in the home above the...
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