What are the outcome possibilities if I let 3 homes go to foreclosure? I cannot file bankruptcy because I would lose my job.

Once you stop making payments on the mortgages, the banks will begin foreclosure proceedings. Eventually, each of the homes would be sold by the...

Reaffirmation agreements are generally prepared by creditors who want them. Some creditors do not prepare the agreement because they are happy to...

Questions about tenants and filing BK

I would agree with the prior answer that once your case is filed, the rent would likely need to be paid to the Ch 7 Trustee, as your bankruptcy...

If my husband stops his business, is our house in danger?

To supplement the prior answer... Once it is determined what business debts your husband is personally liable for, if he defaults on those debts,...

Chapter 13 repayment/mortgage

I assume you mean that your bankruptcy plan calls for you to make your mortgage payments direct to the creditor. This is usually what people mean...

7 Bk discharged in 5/11 Didn't use reaffrimation agreements on car & mortgage can the lenders repo or forclose.

In most cases, a reaffirmation agreement is not needed and you can just "pay and retain." Technically, this option was removed in 2005 with the...

You may have received a copy of her filing notice because you were listed as a co-debtor on one or more of her debts. All co-debtors receive...

The only way to formally remove the lien is to reopen your bankruptcy case, then file a Motion to Avoid Judgment Lien. Assuming the lien impairs...