I was a authorized user on a friends credit card and filed bankruptcy

If you were an authorized user, you had no personal liability on this debt to be discharged in your bankruptcy filing. Your friend, however,...

Chapter 7 discharged no assets and tax filing

As a general rule, filing for Chapter 7 bankruptcy has no tax consequences so they should not effect your tax preparation. If you do receive a...

If i have a contract for deed on our home and my wife files bankruptcy, is the property listed on schedule A.

That will depend on the language of the contract and whether or not title has passed. It is generally the safer route to schedule the property on...

How can I make the creditor reason with me and how can I keep them from my inheritance until they are willing to do so?

Unfortunately there is no obligation of the creditor to settle for anything less than the full amount. If they know that you have this amount,...

Can a 1/4 interest in a house held in a land trust in Illinois be taken in a bankruptcy?

You will need to have an experienced bankruptcy attorney in your area review the land trust documents and you will need to determine what the value...

In filing for bankruptcy, you want the value of your home to be accurately listed. If you do not trust the appraisal that was completed, get...

Selected as the best answer

I am a party to a trust that owns a house, and am about to be sued for credit card debt. Can they take the house?

There are two very important questions that must be answered: 1. What are the terms of the trust in which the home is held, and 2. What is...

Is there any way our home can still be saved if we hurry up and file our Chapter 13? The finalization has not happened yet.

Unfortunately in our district, once the sale has occurred, filing for Chapter 13 will not save the home. You may be able to hire an attorney to...

Generally speaking, but not always, attorneys fees for your former spouse are not dischargeable in a Chapter 7 bankruptcy as they are found to be...

If I am planning on filling chapter 7 and I paid $17,000 for my car cash can I keep my car

The answer to this question depends on three pieces of information: 1. When did you purchase the vehicle? 2. How much is the vehicle worth...