Questions answered by Lori Patton

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What if I signed a reaffirmation for my car and now I can't afford it after a year?

Lori's answer | Answered on April 21, 2010

When you sign a reaffirmation agreement, you are agreeing that you have the ability to pay the debt and it is in your best interests to do so. You...

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Filing a Motion

Lori's answer | Answered on April 21, 2010

I agree with the previous answer. Unfortunately, the wheels of court would jam up if they stopped process for everyone who comes in and says they...

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In an unsecured loan what criteria is used to claim it as a business loan as opposed to a consumer loan

Lori's answer | Answered on April 21, 2010

Are you the creditor or the debtor in this question? The way I read it, you are the creditor. Regardless, the classification of the debt in the...

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Filing Chap 7 Bankruptcy - Being Sued by Creditor - Court Date Before Case File Date

Lori's answer | Answered on April 21, 2010

None of the answers so far have come from CO Bankruptcy attorneys.. and I'm in Florida, so you need to trust your attorney that it's going to be...

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Chapter 7 Bankruptcy: Is it consider a secured or an unsecured debt?

Lori's answer | Answered on April 21, 2010

I agree with the answer right before this one. Store cards like to consider themselves secured (jewelry store cards, best buy, HH Gregg, furniture...

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I am filing a chapter 7 bankruptcy and I do not want to file on my car or my ready reserve because I think I can eventually pay

Lori's answer | Answered on April 21, 2010

Filing a Chapter 7 is you declaring "I don't have anything to pay any of these guys!" so you can't hold out on listing anyone. I agree with the...

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Can the other person, my father, be responsible for paying back association fees when I have filed chapter 7 bankruptcy.

Lori's answer | Answered on April 21, 2010

I completely agree with the two prior answers, especially the part about you should pay whatever your father ends up being on the hook for... even...

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In a past bankruptcy chapter 7 case,the debtor gained discharges on a loans over &150,000.00 but failed to list a $100 K debt.

Lori's answer | Answered on April 21, 2010

Just to add one more thing to the previous answers... I read that it was a business debt. If the debt was also in a corporation's name the...

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Will filing a chapter 7 bankruptcy prevent me from obtaining future student loans?

Lori's answer | Answered on April 21, 2010

A bankruptcy should not interfere with your ability to continue to get student loans. Student loans are immune to bankruptcy, so there is no...

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I want to file a Chapter 13 and I have a home, I was wondering after I get off the 13, can the mortgage company take my home?

Lori's answer | Answered on April 17, 2010

Not as long as you complete the Chapter 13 Plan. If you don't finish it or it fails for any reason, you may have some problems... not saying you...

Lori Patton's Answers (98)

What if I signed a reaffirmation for my car and now I can't afford it after a year?

Filing a Motion

In an unsecured loan what criteria is used to claim it as a business loan as opposed to a consumer loan

Filing Chap 7 Bankruptcy - Being Sued by Creditor - Court Date Before Case File Date

Chapter 7 Bankruptcy: Is it consider a secured or an unsecured debt?

I am filing a chapter 7 bankruptcy and I do not want to file on my car or my ready reserve because I think I can eventually pay

Can the other person, my father, be responsible for paying back association fees when I have filed chapter 7 bankruptcy.

In a past bankruptcy chapter 7 case,the debtor gained discharges on a loans over &150,000.00 but failed to list a $100 K debt.

Will filing a chapter 7 bankruptcy prevent me from obtaining future student loans?

I want to file a Chapter 13 and I have a home, I was wondering after I get off the 13, can the mortgage company take my home?