Foreclosure/Trustee Sale

The most effective option to stop a foreclosure sale with only days to go is a bankruptcy. Whether you qualify for a Chapter 7 or a Chapter 13 I...

I have a foreclosure issue.

Unfortunately, accepting a short sale offer is not mandatory for the mortgage companies. As a result of the foreclosure you are responsible for...

Can a credit card co.charge high interest rates when your just trying to pay of a closed account

The permissible interest rate is dictated by the contract. Your best bet is to settle the account for less than full value. This is based on the...

Means test calculation chapter 7

No, it does not qualify you to take an "ownership" expense. I will wager that you deduction of this expense on your schedule I may not be...

So, I filed Chapter 7 BK..........................................................................................

Unfortunately, I am not aware of a way around the problem, however, I have never researched it.. If you reopen the case it is also possible the...

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Losing the car in a bankruptcy?

You can not file a Chapter 13 for a business. A Chapter 13 is a personal or individual reorganization. A business entity, such as a corporation...

How can I resolve an issue concerning a corporation my lawyer advised me to set up when I declared bankruptcy?

If the corporation does not exist because the formalities required by the state to form the corporation were not met then any transfer of the title...

Can I file a CH7 with no income & someone else supports me?

You can file Chapter 7 with no income and when someone else is supporting you. You are required to provide information on household income. ...

Tax implication after foreclosure on Rental Property

You question is not whether you have a capital gain since you did not benefit from any appreciation in the property. Your question with whether...

Implication of foreclosure

In a nutshell, chances are the first mortgage will be barred from coming after your relative for a "deficiency" or any money owed should the sale...