Archived
How do I know if the rescind was actually accepted by my finance company and by the court? And if I will owe the balance?
Michael's answer
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Answered on January 27, 2016
The law says the rescission needs to be done before discharge or 60 days after the reaffirmation is signed by notifying the creditor. It also says...
Archived
Collateral in ch 7
Michael's answer
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Answered on January 19, 2016
You can try to either get your debt declared nondischargeable or try to have the entire discharge denied for all the debts. Unfortunately,...
Archived
Liability for deficiency balance after mortgage foreclosure and also after normal foreclosure of residential mortgage.
Michael's answer
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Answered on December 14, 2015
Some deed in lieu agreements provide for continued liability and some don't. Review the terms of the agreement first. The regular foreclosure often...
Archived
If bankruptcy was dismissed, will that affect the mortgage.
Michael's answer
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Answered on December 14, 2015
Dismissal means going back to where you were before the filing of the case. Creditors give you credit for payments received and also get to tack on...
Archived
Ch 7 bankruptcy
Michael's answer
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Answered on December 14, 2015
All your debts and all your assets are involved in any Ch.7 bankruptcy. You need to get an understanding of the benefits and drawbacks of filing....
Archived
Bankruptcy ,payment plan or just plain skewed?
Michael's answer
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Answered on December 14, 2015
Yes, first find out if it's a scam like Ms. Bunce said. I have heard of licenses getting suspended over an accident, so finding out if she truly...
Archived
If I set up a payment arrangement with the guarantor in order to avoid fees, can the servicer still buy the loan back?
Michael's answer
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Answered on December 09, 2015
I'm sure the standard loan in collections is subject to the 20% fee, but there has to be some procedure for NYS Higher Ed to bundle up the loan and...
Archived
Is it legal for the garage to tell me I can't remove my personal property from the car and my friends belongings in the trunk?
Michael's answer
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Answered on December 09, 2015
I don't think it's legal to keep your belongings especially if you ultimately lose the car. This type of situation often causes people to file...
Archived
GEORGIA - is there a restriction on when a default judgment must be rendered after the actual default ?
Michael's answer
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Answered on December 09, 2015
Sadly, the short answer is if they got an order/default judgment, it's valid until someone goes to court to undo it. The default judgment may not...
Archived
Will the buyer or I encounter any road blocks for this transaction? Does the court have any say in the sale after 10 years?
Michael's answer
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Answered on December 09, 2015
The bankruptcy is ancient history unless you somehow hid the property from the court, and even then, creditors may not be able to do anything about...
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