Filing Chapter 7 and want to know if i can negotiate a lower loan amount due to sharp decrease in home value CA.

I am surprised to hear that you missed 6 months of payments, and then start accepting payments from you again. Generally, mortgage companies will...

Why does the assets matter when applying for a loan modification

I agree with Attorney Zalewski. What assets are protected from creditors is established by state law. For example, here in Illinois all...

I by a house in lien foreculere who pay the mortgage if the house have

I agree with attorney Golant. Buying property at foreclosure sales can be a risky proposition. Before you attend a sale, you should do as much...

Working off the books as a babysitter

If your asking if you can report income that you received as a babysitter, the answer is Yes. Not only can you report the income, but you are...

If the debtors fail to respond to a Chapter 13 plan objection, can the judge dismiss the case?

Here in the Northern District of Illinois, a sustained objection to a Chapter 13 plan will not necessarily result in dismissal of the case. The...

The short answer is yes. For example, 941 taxes that the Corporation owes but does not pay can be collected from the "responsible" party. ...

In chapter 7, do I still need to list a vehicle that as repossessed over 3 years ago on my Statement of Financial Affairs?

I agree with my colleagues. This is where many Pro Se Debtors get in trouble - also Schedule C (exemptions). Don't leave your chance of relief at...

Can I get back my mortgage payment worth $20,000 put in suspense after foreclosure was filed?

The answer is sometimes. The money is being held in suspense because the bank does not want to apply it to your account in fear of jeopardizing...

Can I get rid of my lease car in a chapter 7 bankruptcy?

The short answer is YES. You can reject a lease for personal property in a chapter 7 bankruptcy. If you elect to surrender the car, the balance...

If you earned unemployment and food stamps and virtually nothing else over the course of 2011, will you have to pay taxes?

I agree with my colleagues. This forum is best used for answers to general questions. As, specific answer generally require much more information...