Archived
What is the likelihood of 1/3 remainder interest in home being taken vs abandoned in Chapter 7 bankruptcy?
Bruce's answer
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Answered on March 03, 2020
We have to be very careful with terminology here. If all you have is a "remainder" interest, then you literally have no interest at the moment....
Can you get a judgment on a interest rate be changed? It was set at 23% 10 years ago? Payoff has nearly tripled itself.
Bruce's answer
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Answered on March 01, 2020
What almost certainly happened here is that you signed a consent judgment allowing them to charge that much interest. No judge that I know of would...
Archived
Is there a way to set up a payment plan?
Bruce's answer
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Answered on February 26, 2020
This is a very bad situation, and it happens more often then you might think. Sure, you can set up a payment plan, but unless you can pay it off...
Archived
I have
Bruce's answer
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Answered on February 16, 2020
It is somewhat rare for an insurance claim to pay off a car loan in full. Based on your description, my guess is that your insurance company only...
What happens if you are sued for a debt and you have no income or assets?
Bruce's answer
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Answered on February 16, 2020
Most likely they will win the lawsuit. That is a big negative on your credit record, and it gives them the added right to garnish wages, attach...
Archived
Can a dealership run my credit without my permission?
Bruce's answer
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Answered on February 15, 2020
This is called an "impermissible pull" which is a violation of FCRA. Unfortunately, I don't know any lawyers in Nashville who handle that. Try...
Archived
Can I get this debt collections case dismissed and what strategy do I take?
Bruce's answer
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Answered on February 05, 2020
The filing of the lawsuit stops the passage of time as to the SOL. You should talk to a local bankruptcy lawyer. If the debt has truly been sold to...
I am looking at filing bankruptcy, can I keep 4 cars if all loans are in good standing and there is no equity in them?
Bruce's answer
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Answered on January 23, 2020
Yeah, you really need to talk to a local attorney who knows the judges and trustees in that area. In Memphis you would probably get to keep them in...
Stenger & Stenger Told me to pay before they sent a payment agreement?
Bruce's answer
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Answered on January 22, 2020
I'm the one who answered the question that you posted on TN.FreeLegalAnswers.org. That answer is more complete and specific than anything that I...
Archived
How do I get out of showing bank statements for my bankruptcy case?
Bruce's answer
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Answered on January 16, 2020
The short answer is "you don't." When you filed that bankruptcy your financial life became an open book. If the only problem is that you...
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