Should I seek for legal action or sue a person who refused to pay for their personal loans?

If you can't work it out and you believe you would prevail on the merits in court, you do have the option of suing him to help compel payment.

Do most bankrupty attorneys know about securitizations? Are they responsable for doing their research when property is involved?

It depends on more facts than you have provided. There is a great deal of document production generally associated with Chapter 7 bankruptcy...

Gifted vehicle and bankruptcy

You are generally entitled to money for any improvements or additions you make to a vehicle that is to be recovered for the bankruptcy estate.

I got a discharge in Ch. 7 earlier this year. Included are 2 rental properties. Can I move back to one of the houses?

The bankruptcy discharges personal liability on debt; it has nothing to do with your real property interest in living in the home until (or unless)...

When a loan/note/debt is sold to another company, usually it will read that the debt was "charged off." You can request debt validation from...

Employer's "downpayment assistance" has me upside down

Bankruptcy may be a good solution for you to surrender the home back to the bank and discharge your personal liability on the mortgage and...

My husband signed my name to a settlement check written to both of us and his lawyer. I was unaware this check was ever issued.

Signing your name to the check without your permission is fraud in Illinois and you can recover damages from him for doing so. The check itself...

We recently received our discharge papers for filing a Chapter 7 bankruptcy, can the trustee still distribute assets from a

You will have to look at the Trustee's asset report to the court to determine if the Trustee retained the interest in pursuing the inheritance or...

I don't see any problem with what you describe. If the loan is discharged, it is likely the bank is going to foreclose its lien against the...

Is it time for me to file for Chp 7 bankruptcy?

Whenever anyone starts dipping into a 401(k) IRA or other significant savings, it is time to give serious consideration into filing for bankruptcy.