Archived
We qualify in Illinois for chapter 7 bankruptcy my question is we pay mortgage, 2nd mortgage , association fee's.
Derek's answer
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Answered on November 14, 2013
It may well be a good idea to liquidate the stock you have to pay your mortgage, hoa dues and second mortgage, as long as you sell them for fair...
Archived
If I plan to file for a Chapter 7 BK, when is the best time to surrender my vehicle to my bank BEFORE or AFTER it is filed?
Derek's answer
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Answered on November 13, 2013
Your personal liability for the debt will be discharged regardless of whether you surrender the vehicle through your Ch7 or you voluntarily give...
I have an FHA loan in foreclosure, after the auction will I get a deficiency judgment from the bank for the remaining amount?
Derek's answer
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Answered on November 13, 2013
Once the foreclosure occurs, if there is a deficiency the bank will contact you to try to get you to pay it without the need of filing suit. If...
Income reported in chapter 7 bankruptcy filing?
Derek's answer
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Answered on November 13, 2013
You do not have to list your parents income unless you have integrated your finances with theirs. You should either start paying them some rent or...
Archived
My Ex refused to pay his share of the child's medical co-pays and correcponding legal fees as required, then filed for Chapter7
Derek's answer
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Answered on November 13, 2013
Spousal and child support are not dischargeable in a bankruptcy and it sounds like your ex acknowledges that by listing the debts owed to you as...
Archived
Should we use inherited IRA or file bankruptcy
Derek's answer
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Answered on November 12, 2013
I hate to say this because you came here to AVVO looking for legal advice, but your situation is not really amenable to the sort of off the cuff...
Archived
BK Trustee has filed a motion/request to allow him to employ attorneys to investigate "potential" hiding of assets, on my part.
Derek's answer
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Answered on November 09, 2013
As Mr. Brewer indicated, you need to stop giving the Trustee and, possibly, the US Attorney evidence and HIRE AN ATTORNEY to represent you. NOW.
Archived
If I have a lien against my house for a roof loan and my home forecloses, do I have to pay the roof loan?
Derek's answer
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Answered on November 09, 2013
If you incurred the loan for the roof prior to the filing of your Ch7, then your personal liability was discharged by your Ch7, unless you signed a...
Archived
I am taking out home equity loan to bring down home equity so I can file chapter 7, is there specifically things this can be spe
Derek's answer
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Answered on November 09, 2013
While I understand that you want to reduce unexempt equity in order to be able to file a Ch7, as Mr. Berkus says, incurring debt in order to file a...
Archived
Bankruptcy repayment
Derek's answer
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Answered on November 08, 2013
You posted this question under Ch13m is that what you meant to do? Or did you file a Ch7 and have some non-exempt equity in some asset that you...
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