My lender has offered to reduce my mortgage balance by 20%,do I take that offer or let house go into foreclosure?

There is a temporary tax hiatus for the tax consequences if the house was your primary residence for 2 out of the past 5 years, so you would not...

I am in foreclosure, do i need an attorney? would it speed up the procces.

The fact that it is going on so long is extremely strange. Foreclosures in Florida are generally pretty quick, unless contested. It is hard to...

Can I be evicted by the landlord from the property being foreclosed and how long is the process from 3 day notice?

Yes, the landlord most definitely can evict you. Unless and until the foreclosure process ends with a foreclosure sale, the current owner of the...

Is bankruptcy the answer for us?

For starters, you can't even consider filing Chapter 7 (which is how to get rid of the credit cards) unless you qualify on income. People who...

Chapter 11 is somewhat similar to Chapter 13, but is for businessess and for individuals with very large assets and debts.

If you qualify for Chapter 7, it can be used to make your unsecured debts go away. Unsecured debts are credit cards, medical bills, civil...

Collection action on an old credit card

Get a lawyer. Check the web site of the National Association of Coonsumer Advocates, www.naca.net - ckick on Find an Attorney to locate someone...

I have been served summons papers on an old debt?

Get a lawyer. Check the web site of the National Association of Coonsumer Advocates, www.naca.net - ckick on Find an Attorney to locate someone...

Can I file Chapter 13 with no current income?

No. In order to file Chapter 13, you have to have regular monthly income sufficient to fund the Chapter 13 plan. You should speak to a local...

Do I have to file Chapter 13 Bankruptcy to apply for the S61 ?

I keep close track of the bill. If it passes, it authorizes judges in Chapter 13 proceedings to modify mortgages on primary residences, which is...