Archived
I have been granted chapter 7 bankruptcy on my house; the lender has now been awarded a final judgment.
Kevin's answer
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Answered on October 21, 2013
The bankruptcy does nothing to protect your tenants. The tenants have their protection under Florida law and they must assert their rights or lose...
Archived
Do I need a credit Attorney?
Kevin's answer
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Answered on October 18, 2013
You are not required to hire counsel and you have, by filing an answer to the complaint, done what an attorney would have done. Your situation is...
Archived
I am going through a Chapter 7 Bankruptcy and I am trying to list my assets, how much can I own and still file?
Kevin's answer
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Answered on October 18, 2013
What you really are asking is, "how much property is exempt in a Chapter 7?" As with so many other aspects of bankruptcy, the answer is, "It...
Archived
Can any complaints, post or deficiency judgments be placed on the borrower after home was surrender in a chapter 7 BK legally?
Kevin's answer
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Answered on October 16, 2013
You are not liable if discharged but you are wise to review all papers carefully and if they do try to get a deficiency judgment make sure a...
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Archived
When Bankruptcy filed due to Forclosure/CDA fee, is Checking A/c balance in jeapordy which is paying lifes mnthly overhead?
Kevin's answer
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Answered on October 16, 2013
When you file bankruptcy, all of your assets instantly belong to the Trustee. Only exempt or valueless assets become yours through the passage of...
Archived
I received a Final Summary Judgement submitted on 10/10/13. But, I was never invited to a Hearing to dispute such debt.
Kevin's answer
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Answered on October 16, 2013
You should immediately file a motion for rehearing. You will have to show excusable neglect and a meritorious defense. This is time-sensitive so...
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Archived
Can my personal credit be impacted by post petition HOAs of a Lot held in a LLC?
Kevin's answer
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Answered on October 15, 2013
This site is not an appropriate means to get specific advice such as you ask for. That being said, if the property was not titled in your name...
Archived
What is typically included in an agreement for filing Ch 7?
Kevin's answer
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Answered on October 15, 2013
Typically included is a description of the services which will be provided and the related fees and costs. If payment terms have been agreed-upon,...
What is the difference of having a judgement "discharged" vs "satisfied" ?
Do they both relieve me of responsibility?
Kevin's answer
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Answered on October 15, 2013
Mr. Riddle's explanation of the differences between discharged and satisfied is spot on. As far as your concerns about future financing, you are...
Archived
Chapter 7 Proof of claim from IRS taxes. How much gets discharged?
Kevin's answer
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Answered on October 14, 2013
Answers to questions this specific are inappropriate on this site. That said, priority taxes are not dischargeable. Non-priority taxes might be...
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