My credit report shows this..Last active 7/08 Reported 12/12 “Profit and Loss writeoff – Foreclosure” Balance $44,574

I agree, do not pay or even contact the lender. The credit report entry likely will drop off after 7 years. Note that even though the report...

I agree. They will need a judgment. A different situation would be if you have a credit card with a bank and a bank account with that bank, then...

Can I file for bankruptcy after My ex wife and I have been absolved from equity line debt and home is in foreclosure?

As a Broward County bankruptcy attorney, I agree with the basic points raised in the other responses. There are a lot of factual issues that need...

As a Broward County bankruptcy attorney, one point should be clarified with your question. I do assume you filed a corporate bankruptcy and had a...

Can I file for bankruptcy with credit cards included after a divorce has been finalized?

As a Broward County bankruptcy attorney, I can tell you that you are permitted to file bankruptcy at this time. The other responses are correct...

What criteria must be met for dissolution of garnishment, Motion to Reverse Garnishment or Motion to Set Aside Garnishment?

I agree with the prior responses. Since you have no dependents you cannot claim an exemption from garnishment as head of household. You might be...

How can I get a Judge to postpone a Final Judgment of Forecloser?

I hope you had good luck at your hearing. A bankruptcy prior to the foreclosure sale would delay the foreclosure. An evaluation should be made...

If I negotiate a settlement with a credit card company will that negatively affect my credit score?

You should expect a negative impact on your credit score.

Would an OIC or being placed in a temp noncollectable status be a better option in the below circumstances?

Does IRS have a tax lien, which would be paid when you sell? What tax year? The bankruptcy might eliminate this debt if old enough. What is the...

How is the value of a secured claim determined by in bankruptcy?

You need to consult an attorney. Creditors can dispute the valuation of the debtor, and if no agreement is reached, then the court must decide...