If I file for Ch. 13 bankruptcy and surrender a rental property, will the mortgage company continue to seek a deficiency?
Derek's answer
|
Answered on February 05, 2014
If you file a Ch13 prior to the foreclosure of the house, then the creditor may not foreclose for some considerable period of time, so if you want...
Archived
Please clarify the eligibility requirement for filing Chapter 7 as it relates to mostly business debt from a sole proprietorship
Derek's answer
|
Answered on February 05, 2014
I agree with Ms. Larkin and Ms. Adams. You NEED to retain an attorney. Trying to handle a Ch7 pro se when you have a small business is foolish and...
Archived
In chapter 13 the note was $650 k but the judge cramed The loan
Derek's answer
|
Answered on February 05, 2014
Yes, the lender can seek to collect the remaining balance from a co-debtor if the co-debtor is not a joint debtor in your bankruptcy.
Archived
I understand its best to wait until your trustee abandons any interest in your tax refund before I can cash it,when do I know
Derek's answer
|
Answered on February 04, 2014
Your refund for this year (to be received in 2014) from tax year 2013, is likely to be part of yor bankruptcy estate unless you have some exemption...
Archived
To re-open the CHAP 7 BK LOS ANGELES to change some things on my schedules as well as add a couple creditors..What form?
Derek's answer
|
Answered on February 03, 2014
There is no form to re-open a case. you'd have to draft a Motion and pay a filing fee to reopen the case. As my colleagues indicate, in most...
Archived
What do I do with a Form 1099-A for acquisition or abandonment of secured property after a discharged Chapter 7 bankruptcy?
Derek's answer
|
Answered on February 03, 2014
Get the keys, move back in. Free house! Send form 982 to the IRS advising of the discharge of the debt in a bankruptcy.
Archived
If we filed chapter 7 and was to inherit money and the chapter 7 is discharged do we get to keep the money
Derek's answer
|
Answered on February 03, 2014
Any inheritances you become entitled to within 180 days of the date of the filing of your Ch7 must be reported and will become property of your...
Archived
Am I liable financially if I sign a consent judgment on residence
Derek's answer
|
Answered on February 03, 2014
Probably not, BUT it depends on what the consent judgment says. You should take the proposed judgment to your attorney for review and to make sure...
Archived
Chapter 13 question
Derek's answer
|
Answered on February 02, 2014
I would not call the Trustee, even if he would speak with you, which he probably will not because you have an attorney, giving him information...
I am in a Habitat home, I have a bankruptcy
7 discharge as of 2009. I got behind in payments and caught up.
Derek's answer
|
Answered on February 02, 2014
While I practice in NC, I am not particularly familiar with the Burlington market and how long the foreclosure process takes really depends on how...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained