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2 Rental Properties in Nevada significantly underwater should i file ch 13 to cramdown. I want to keep both if at market value.
Alan's answer
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Answered on October 02, 2012
First, you would likely need to pay off the loans during the chapter 13, so you would have five years to do so. My guess is that this is not...
If I file for Chapter 7 bankruptcy, could my fiance's engagement ring be considered a non-exempt asset because I purchased it?
Alan's answer
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Answered on October 02, 2012
It really all depends on the value of the ring. If you paid $100 for the ring, no one will be concerned. If you paid $10,000 for it then you...
Archived
76 year old single is 10K in credit card debt and 50K mortgage. Wants to keep her home. What should she do she lost her job.
Alan's answer
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Answered on October 01, 2012
Unless the lender voluntarily agrees to modify her loan, bankruptcy will not allow her to do so. If she cannot afford to pay for the home loan,...
Archived
Bankruptcy in tx
Alan's answer
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Answered on October 01, 2012
Most lenders only look back three years for old bankruptcies, so it should not be a factor in your loan application.
Archived
What happens when filing Bankruptcy to a commerciasl lease evicition process?
Alan's answer
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Answered on October 01, 2012
Your personal bankruptcy would not protect the corporate business. If it is just a d/b/a, then it could for a short time. You would possibly have...
Archived
Help with bills
Alan's answer
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Answered on October 01, 2012
You should talk with a bankruptcy attorney. Most offer free initial consultations. Find one at www.nacba.org
Archived
In a Ch. 7 BK, if I (creditor) received an Entry of Default on an Adversary Hearing, why would a Notice of Hearing be issued?
Alan's answer
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Answered on October 01, 2012
Because the court needs testimony regarding your money damages. Just because you said in your complaint the X dollars were due, does not mean it...
Archived
Update Questions RE: EMERGENCY FORECLOSURE Trustee Sale Date Oct 9, 2012
Alan's answer
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Answered on October 01, 2012
Sounds like chapter 13 is the only reliable option available. It can be dismissed at any time, but filing another one in less than a year can...
What happens when my property management company the files for chapter 7 bankruptcy?
Alan's answer
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Answered on October 01, 2012
You need to find another management company. Funds that are owed to you may not be discharged if you file an action in the bankruptcy under 11 USC...
Archived
You are in a community property state, your wife has filed for a chapter 13 under her name only, can I file a fraudclosure suit?
Alan's answer
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Answered on October 01, 2012
The co-debtor stay stops joint creditors from suing the non-filing spouse. It does not affect the debtor and non-filing spouse's ability to bring...
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