Can I file for bankruptcy and get out of paying my mortgage all together? can i possibly use bankruptcy to change the decree?

Bankruptcy law separates debt or obligations owed to the ex-spouse in two categories: The first category is called domestic support obligations,...

Does automatic stay protection from a Chapter 7 BK filing in California apply to other states as well?

Yes. As the other two Roberts have stated, the automatic stay applies in all 50 states regardless of which state the corporation files for relief...

Is a business trust eligible to file for a Chapter 7 Bankruptcy? And if so, is it treated like a corporate Chapter 7 BK?

The answer is it depends. probably. There has been a lot of litigation on whether business trusts are entitle to file for relief under the...

Can I do a Ch. 7 Bankruptcy, & not "Reaffirm" mortgage or HELOC, & still be able to settle and redeem them after B/R concluded?

There is only one code section that allows redemption of a loan secured by an asset for the value of the collateral when that value is less than...

If I died can the federal lenders for student loans repossess my home to collect their money?

In our state, the exempt equity in the homestead can pass through the estate to the deceased's children free and clear of the claims of creditors...

Can you do settlements and redemptions on first and second mortgages during active bankruptcy chapter 7?

As Mr. Markus and Mr. Friedman stated, the right of redemption is granted only to assist debtors with loans on personal property. The right also...

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Are we at risk of repossession if the judge has not yet signed the redemption order in our chapter 7 bankruptcy?

When the discharge is granted, the automatic stay terminates as to property of the debtor, but does remain in effect to property of the estate...

Overwhelmed and Need Advice

If this is the only debt you have, then you should follow Mr. Thigpen's advice. However, if this debt is just the tip of the iceberg, you should...

Will I have to pay?

States are considered community property states or common law states. As I understand, Colorado is a common law state. Common law states start...

Can the collection agency collect on a debt that was never billed? If so, what recourse do I have for such a large medical debt?

Not being billed for a medical debt that you incurred is not grounds to dispute the debt. Your best option at this point is to file for relief...