Lynda Wesley's Answers (793)

Archived

Bankruptcy

Lynda's answer | Answered on March 02, 2014

Without knowing your income or the value of your assets it's difficult to tell whether a Chapter 7 or a Chapter 13 would be right for you. I do...

Archived

If I indicated on the Ch 7 BK petition that I intend to reaffirm my mortgage, but in the end have changed my mind, is it okay?

Lynda's answer | Answered on March 01, 2014

I agree that you don't have to take any action with the Court and your case will not be delayed. Of course you should immediately notify the...

Archived

Does "Legal Credit Bureau Reporting" after Chapter 7 Discharge prevent "Paid as agreed"?

Lynda's answer | Answered on February 28, 2014

Your attorney is correct that you will not have problems getting title to your house or car so long as you make the payments. The best way to...

Archived

What, if anything, will happen if I do not sign the Confession of Judgment that was sent to me on my private student loans?

Lynda's answer | Answered on February 28, 2014

Your student loan probably won't be discharged in a chapter 7 bankruptcy. You should make arrangement to pay your loan or face the possibility of...

Archived

WHICH IS BETTER -- TO DECLARE CHAPTER 7 BANKRUPTCY OR TO LET MY DEBTS EXPIRE WITH THE NEVADA SIX-YEAR DEBT COLLECTION STATUTE?

Lynda's answer | Answered on February 28, 2014

Even though a bankruptcy will be on your credit report for 10 years that doesn't necessarily mean your credit will be bad for 10 years. Many...

Archived

Filing a chapter 7 bankruptcy in Sacramento California

Lynda's answer | Answered on February 28, 2014

I am assuming you did not rack up your credit cards in contemplation of filing a bankruptcy. If you used your cards the way you always do then you...

Archived

If my wife files for divorce will it show up on my credit report. And will we be able to keep our home?

Lynda's answer | Answered on February 28, 2014

A bankruptcy can stop a foreclosure, at least temporarily. If a chapter 13 is filed a plan would go into effect to pay the missed mortgage...

Archived

My attorney did the calculations for my salary and marital adjustments on my chapter 7 means test. The petition has been filed..

Lynda's answer | Answered on February 28, 2014

Filing an amended means test will not look bad to the trustee. It just indicates an error has been corrected. Attorneys amend the schedules all...

Archived

Can I walk away from house in Bankruptcy Ch 7?

Lynda's answer | Answered on February 27, 2014

Yes, a bankruptcy would wipe out the debt. Another option if the mortgage is your only financial problem is to ask the bank to take the property...

Archived

Can I pay less on my car in bankruptcy? Car is worth $5000, but i owe more than $20,000

Lynda's answer | Answered on February 27, 2014

Many of my debtor clients buy a new or used car and do not trade-in the old vehicle. Then when they file the bankruptcy they surrender the...

Ad

Transform legal challenges into solutions.

Connect now to review your situation.

The Avvo Rating explained

display-bg

The Avvo Rating explained