I owe $113K on my home and the market value is around $125K. Is a deed in lieu of foreclosure right for me?

I agree with Mr. Friedman's answer. However, I would add two things. In a short sale you have potential tax liability. You should also talk to a...

Based on the information provided, the only recovery the car lender can pursue is any funds available through the insurance policy.

I have fell behind in my mortgage payments

A short sale is difficult with a 2nd mortgage because you must get the companies approval and they stand to gain nothing. Additionally, potential...

We owned a business file chapter 7...are there any rules and regulations which the trustee prices our assets at?

The business assets are advertised generally through a third-party liquidator. However, with the number of construction companies that have gone...

It really is not clear whether you reaffirmed on the debt. In bankruptcy you would have had to sign and have filed with the court a "reaffirmation...

Bankruptcy chapter 7 central dist of CA. Please give specific instruction filing motion 2 reopen for financial manage course cer

You have already had your case close without a discharge. Are you really going to attempt to do it again without an attorney. Think about what...

Do I leave my house to give my wife time to decide what she wants?

Get the advice of an attorney before you take any action. Abandonment is a fault ground for divorce. You do not want to fall in that trap. If you...

Chapter 13. filed Feb 2011. Husband was not working. been making payments. husband got job in June 2011. working on revised budg

The value of an attorney is once again proven. First, an attorney could possible suspend the plan temporarily to allow you to divert the funds to...

Bankruptcy ChP 13: How long and how many objections until the Plan is confirm?

If your case is not complicated it will usually be confirmed if done right on the first or second submitted plan. However, some cases are very...

Is garnishment reimbursement possible after bankruptcy filed in the state of Maryland?

You haven't provided enough information. Who is garnishing you? When was the debt incurred? Was it from before your bankruptcy? Did you exempt the...