Insurance and medical bills and bankruptcy

When you pay one creditor over another prior to filing a bankruptcy it is called a preferential payment. I.E. you prefer to pay one creditor...

A subpoena is a very serious thing. You absolutely should show up. In most states failure to comply with subpoena can bring about further action...

BoA received billions of federal dollars for toxic assets and consumer debt, can they now come after me for a credit card debt?

First of all you are speaking of two different loans. One is for a home mortgage and one is for a credit card. Just because the bank was bailed...

I assume the Sheriff served you only with a foreclosure complaint. First off, you need to look at what the papers say. If the papers are the...

How can i save 2 homes in chapter 7 wife n i are seperrated and she lives in 2 home

If you are behind on payments to the mortgage company a Chapter 7 would not help you there. You would need to file a Chapter 13 reorganization to...

Hospital is insisting we take a loan to pay bill, is this legal?

A creditor can "pursuade" you to take a loan or pay a bill with the threat of sending the bill to collections. Depending on your situation and...

Bankruptcy after judgment

When a creditor gets a judgment against you then they can do a citation to discover assets approximately 30 days after entry of the judgment. The...

Can the trustee do this?

I assume the trustee is reviewing documents to see whether or not to issue a discharge. Since the first 341 has already passed the trustee most...

Do you get to keep your house if you go through a bankruptcy?

Generally yes if the property is exempt then there is no issue in a Chapter 7. However, if you are not current on payments and you file a Chapter...

Filing bankruptcy then inheriting half estate of fathers with brother

If the bankruptcy is a Chapter 7 then the trustee can take any legal property you own or have owned in the past if it is not exempt. As far as an...