I have an 87 year old friend who live in florida. He has two mortgages. He owes more than what house is worth. He has become

Sounds like nothing can happen to him unless he has assets that a creditor could collect against. I am not sure what "little income" means - is...

You can't "hide" it. That would be hiding an asset from the trustee and could result in bankruptcy fraud. You might not need to do anything at...

Filed bankrupty 2009. my health is failing and i am going to change job.. i will not make the money i am making now. will they

I am assuming that you filed a chapter 7, and that you did NOT reaffirm the mortgage(s). If that is the case, you can stop paying the mortgage...

Would I have a case

I'm confused... They fixed it? No one was hurt? If so, what is the problem?

Does new owner have to honor my lease?

The new owner has to honor the lease. And I am assuming this is a written lease.

Will the HELOC bank foreclose if it also services Fannie Mae 1st mortgage?

I am not sure what you mean by different outcomes. It really doesn't matter whether the first or second mortgage forecloses. At some point, the...

I just paid off one of my cars and was thinking of selling it to my son who is going off to college. Is that a legal transfer

Yes, if you sell it for fair market value. Or, if you sell it and do not file bankruptcy for two years, then the transfer does not need to be...

ATTY FEES IN BANKRUPTCY - FLORIDA

They are dischargeable in both chapters. IN a chapter 7, there is usually nothing paid to any unsecured creditors. But in a chapter 13, you...

Do we Own Our Home Free and Clean

Your attorney friend is sorely mistaken. Your personal obligation to pay the mortgage debt is wiped away by the bankruptcy. But the bank still...

Is there a statute in the state of Florida stateing that debt dies with the person such as credit card debt , if so can I have t

If you didn't sign as a co-applicant for your husband's credit card debts, then you aren't liable to pay for them. You should see a...