Can I include the payment for my mortgage in the means test even though I have not live at the property for the past 2 years?

No. The US Supreme has held that an individual cannot claim an auto expense if the debtor is surrendering the auto in Ransom v. FIA Card Servs.,...

Filed chapter 7 bankruptcy 3 yrs. ago. Bank reported to credit agency "derogatory" on both Mortgage and car loan, both on time.

If you did not reaffirm, the loans should be reflected on your credit report as having been included in the bankruptcy discharge with a $0.00...

Do I use my home's current value or the value at the time I filed Ch. 7 to prove that the lien impairs my homestead exemption?

Most issues are resolved in bankruptcy based upon the petition date. However, I have never come across this question because we always file the...

The general rule for FHA loans is that you cannot qualify for an FHA loan until 2 years after the discharge date. In the past for Fannie Mae loans...

Should my daughter file bankruptcy? Can she? What happens if she does?

The problem with the advise that Ms. Edmiston has given about settlements is the fact that settled debts also result in a hit on the person's...

Does a a forged document serve as ratification of my student loan debt?

Since you want to consolidate your student loans, I don't understand why you are concerned about the consolidation that you contend was fraudulent....

Filing chapter 13 this soon after purchasing the second auto may be the right thing to do, but a lot of lenders will raise objections to the filing...

What actions should i take next ? Other then seeking legal council.

I agree with Mr. Walker. However, I think you should contact a bankruptcy that also handles Fair Debt Collection Practices Act (FDCPA) claims. ...

How does being in debt before marriage effect each other?

You should not be responsible for any debt that your husband owes when he marries you. Since Illinois is a common law state (as opposed to a...

There is not typical rate. The creditor now haw a judgment, thus your only bargaining position is the difficulty that the creditor will have in...