How do i get rid of the car?

I agree that you can contact the finance company to arrange for them to take pack the car. They will sell at auction and you would be responsible...

You will not have a problem continuing to have your homestead protection.

What are the benefits of debt consolidation/negotiation?

Debt settlement or chapter 13 bankruptcy? This question should be reviewed on a case by case basis. Avoiding a bankruptcy is certainly a goal. ...

Why chapter 7 destroyed my home ownership?

Traditionally a chapter 7 would discharge the debt on a second mortgage but the lien remained. The second mortgage would have to sign a release to...

The trustee has a claim on assets only as of April 2015 when you filed your chapter 7.. The trustee could make a claim on a portion of your 2015...

What is the complete cost of a Chapter 7 ? Can this 1099-C be included in Bankruptcy ? Will my 401K be affected ?

Your 401(k) is exempt. The 1099-C might be the most important question your raise. The 1099-C has been issued before you have filed a possible...

Can you fIle on a irs taxes if u owe money to them with chapter 7

Many people are surprised that under certain circumstances federal income taxes can be discharged in bankruptcy. The rules are complicated and you...

A creditor can obtain a Final Judgment. This does not mean that the creditor is able to collect on the Judgment. You might in the future be able...

When I do my taxes and declare the cancellation, does that mean that I'm acknowledging the debt, therefore, restarting it?

You will need to address the 1099c on your tax return. But you might not actually owe any taxes. You might be able to avoid any income tax with...

How would this work and what are the risk.

You should consult with a real estate attorney so that the promissory note,mortgage, funding, and recording of the mortgage are properly...