Archived
Loaned money, secured it with their business and home. Heard they're going thru chap 7, can I get a lien on the business/home?
John's answer
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Answered on September 21, 2011
If they have already filed and listed you as a creditor it is too late to make an unsecured debt a secured debt. If it is already secured as you...
Archived
What happens after my 2nd mortgage has been charged off by the bank? I am going to file chapter 7 to get rid of credit card debt
John's answer
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Answered on September 21, 2011
Nothing. "Charge off" means they are just not going to report. They may sell the loan, write it off or just sit on it. In any of these cases,...
Archived
Will I definitely receive my exemption amount for the RV the trustee took to liquidate in chapter 7?
John's answer
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Answered on September 21, 2011
I agree with Mr. Torres that assuming you exemptions are correct and unchallenged you will be paid first from the proceeds of any liquidation of...
Archived
Does chapter 7 protect me from foreclosure, I own 2 house's and have quit paying on the 2nd mortgage on my California residence.
John's answer
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Answered on September 21, 2011
Your liability on the second mortgage can be eliminated in a Chapter 7. However, the lien on the property will still be there. You may have been...
Archived
Do i have to worry about my truck being taken from me if my parents filed bankruptcy chapter 7 and they cosigned for my truck?
John's answer
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Answered on September 21, 2011
Your truck is not in jeopardy if two things are true. First, that you are current on your payments on the loan. Second, that your parents are not...
Can a heloc lien be removed after chapter 7 discharge?
John's answer
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Answered on September 21, 2011
Mr. Torres is correct. Contact your bankruptcy attorney regarding addressing the harassing calls. However, removing the lien is not possible in a...
Archived
IN REM deficiency Judgment in foreclosure in IL
John's answer
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Answered on September 21, 2011
In rem refers to the courts power to exercise jurisdiction over property both real and personal.
Archived
My fiance ex-wife doesnt want to sign divorce paper
John's answer
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Answered on September 21, 2011
She is not required to sign papers. He will have to proceed the filing of the divorce. Since it may be contested it is highly adviseable that he...
Archived
My home is in foreclosure and they sent all my information to my mother, and 2 brother, isnt that a breach of the privacy act?
John's answer
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Answered on September 21, 2011
I am confused how they would have gotten your relatives addresses unless they were living in the house or you put them on the account.
If you...
Archived
I am going to get married to a man who filed Chapter 7 Bankruptcy. Will I have any financial problem as his new wife?
John's answer
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Answered on September 20, 2011
I think all the attorneys are in agreement. Credit reporting is done by social security for the most part. Your individual credit is secure and...
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