Will i b responsible for the difference between the amount of the mortgage and the sale price

I would strongly advise you to seek legal and real estate broker advise, in that order. You should be negotiating a short sale and actively...

Do intangible assets, described in the details section below, held jointly/with beneficiaries require distribution per will?

Generally joint accounts go to the survivor outside probate. The will applies to assets in probate, generally speaking. See exceptions as noted by...

I am behind in my mortgage payments. Can I list on line 42 of means test? Had to quit paying when unemployment ended.

Yes. If you are having trouble passing the means test for chapter 7, professional advise would be in order.

There is no statute of limitations on foreclosure by advertisement of a second mortgage. If they have a valid lien, and you are in default on...

Can I file for Chapter 7 again

There may be alternatives to bankruptcy that will tide you over until you can file. Or they may substitute for filing. We practice in the Eastern...

We filed Chapter 7, later in the day, landlords filed eviction what about the "automatic stay" rule?

The automatic stay does apply. The landlord must file a motion in the bankruptcy court for relief from stay before proceeding in district...

Trust information!

Trust terms are tailored and drafted individually in every case. It is up to the grator/settlor and his/her attorney to determine the terms. The...

Chapter 7 with 1st and HELOC

Attorney Ashman is correct that the lien could be stripped in a Chapter 13. Coversion to a 13 involves additional costs in attorney fees, and...

How does a family trust work? If he owned a business, does the business goto the trust if his wIll has a pour-over clause .

Your father's pour over will would only be effective with regard to assets which were part of his decedent's probate estate. If there were no...

Chapter 7 with 1st and HELOC

Bankruptcy law doesn't allow you to "cram down" or "strip off" the unsecured lien of the HELOC. So even though you will no longer be obligated...