Debt

As others have stated - "maybe". Most likely they have the cross-collateralization provision alluded to. Assuming that this provision is in the...

Last year I was discharged from a Chapter. 7 bankruptcy. I have two loans on the house.

If you're interested in keeping the property and don't a lump sum to offer the 2nd mortgage creditor to release their lien, you may consider doing...

I am evaluating ch13, but I don't want to be forced into a tight budget below my current lifestyle. Are there solutions ?

$80k would seem high if you're single and don't have any dependents. But if you are married and have three children, $80k may be barely enough to...

On the Michigan creditors matrix, do we have to list our mortgage company, even though we plan on keeping the house?

Yes. Absolutely. Yes. Required. Yes.

What do we do now?

If your attorney frequently practices in consumer bankruptcy - he or she will be familiar with that to do. The good news is that it is a relative...

Ramifications of voluntary dismissal

Shooting first and asking questions later is usually a bad idea. Hopefully we're wrong and you'll be able work out favorable terms on your own...

Im thinking about filing chapter 7 bankruptcy and I was wondering if my creditors would get the $26,000 of back child support?

Not if you're able to use the federal exemptions in Iowa. Under the federal exemptions, see 11 USC 522(d)(10)(D). It's an unlimited exemption.

DTE is entitled to request a deposit. I don't usually see them make such a request unless the amount to be discharged is substantial.

Bankruptcy question. i have unsecured dept of $40000.00 i qualify for chapter 7. could i do a 13 and file a plan

Could you? Most likely. Although what you would be required to pay into a Chapter 13 Plan is a function of a few factors (means test score,...

Should you reaffirm mortgage loan after chapter 7 bankruptcy if you want to keep your home?

I typically do not recommend that my Chapter 7 clients reaffirm their mortgages. However, if they are almost certain that they want to stay there...