Archived
I filed Chap 7, but kept my house and car. I had equity line of credit loan,can they come after me to pay that amount?
Mitchell's answer
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Answered on October 17, 2010
How you list it is irrelevant. If the loan was filed as a lien against the house and you granted that lien, then the lien remains. Chapter 7 will...
Archived
Will a chapter 7 bankruptcy stop a garnish on wages
Mitchell's answer
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Answered on October 17, 2010
Yes. To stop it quickly, notify the court, the creditor and any attorneys involved immediately after filing.
Archived
Can i save my home
Mitchell's answer
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Answered on October 17, 2010
You need a decent assessment of what your home will likely sell for. If that number is more than what you owe, then you will have to pay 100% of...
Archived
Chapter 13 stop irs garnishment
Mitchell's answer
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Answered on October 17, 2010
Absolutely. The first thing to do is get a statement of your account. You, or your attorney, will need to know when the returns were filed and when...
Archived
What can a co-signer do in case of chapter 7 filings. ?
Mitchell's answer
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Answered on October 17, 2010
If you did not file an Adversary Proceeding in his bankruptcy to determine the dischargeability of this debt, then it was discharged and he is no...
Archived
Can a money judgment lien lie dormant until after Ch 7 bankruptcy case is closed, only to be collected upon not discharged?
Mitchell's answer
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Answered on October 17, 2010
Bankruptcy by itself does not void a lien. However, if the property that the lien is recorded against is repossessed or foreclosed upon, then the...
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Archived
How are joint account holders affected when they are considered the primary source?
Mitchell's answer
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Answered on October 17, 2010
There is no such thing as a primary debtor. You are both 100% liable on the debt. If you do not pay it, the lender can come after your co-signer...
Archived
Car Reposession
Mitchell's answer
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Answered on October 15, 2010
You can reopen the case and convert that case to Chapter 7. Any additional debts that you incurred since the original filing will be included. You...
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Archived
If a Trustee Sale date has been set can the process be put on hold if the person files for Chapter 13 Bankruptcy?
Mitchell's answer
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Answered on October 15, 2010
A bankruptcy filing sets in place the automatic stay and the foreclosure must stop. Be sure to notify the foreclosure attorney immediately upon...
Archived
Our credit report shows our 1st mortgage as discharged in chapter 7 BK & 2nd (HELOC) shows balance due. Why & what do we do now?
Mitchell's answer
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Answered on October 15, 2010
It seems like this question has been asked multiple times. You should be getting the same answers. Talk to a local attorney for a credit report...
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