If I file a chapter 7 bankruptcy, I have a home equity line of credit out with an great rate of interest,
The lender can change the interest rate on the loan according to the terms of the contract, so, as my colleague suggests, read the contract.
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The lender can change the interest rate on the loan according to the terms of the contract, so, as my colleague suggests, read the contract.
The court never takless title to your home in a bankruptcy. If you had excess equity the Trustee could sell your home undr the powers granted...
I agree wiht Mr. Doan's answer. The code technically requires you to reaffirm if your finance agreement with the lender contains an ipso facto or...
Sure, you can ask but I would not hold my breath nor would I jeopardize a mediated settlement by insisting too vigorously on compensation for...
This is what you pay your attorney for.
Just because your attorney has given permission, or for that matter, the court has granted permission for a loan mod, does not mean the bank/lender...
Yes, a creditor can object to confirmation of a plan prior to confirmation. Doesn't do a lot of good to object after confirmation. Not sure I...
No. The fact that he failed to reaffirm the mortgage only means that his personal liability for the debt is discharged by the bankruptcy. It has...
I agree that as long as you are current on your home mortgage payments that conversion should not have any adverse affect on your ability to keep...
The automatic stay goes into effect when you file a bankruptcy case. When the repo guy came out the day AFTER you filed your case, that was a...
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