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Ok wanna do chapter 7 , they say with the equity in my home they could take house to pay debts, but I only owe 17000 on cards. l
Gary's answer
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Answered on November 22, 2011
Atty Devine is correct: Equity is the difference between value & debt; however, you gave the alternative value estimates, but not the debt...
Archived
What happens after a default judgment has been entered and the debtor lives in a different state? The plaintiff's attorney's
Gary's answer
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Answered on November 22, 2011
A foreign, final judgment can be registered in a sister state & collection action proceed based on process issued from the "foreign" state
Archived
When filing for a CHAPTER 7, does all the form have to be copmpleted and ready at the initial filing?
Gary's answer
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Answered on November 22, 2011
"Emergency" filings are allowed, but the rules on minimal requirements & follow-up filings are strict. The local bankruptcy rules for your district...
Archived
Is it possible to file bankruptcy for my elderly mother?
Gary's answer
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Answered on November 22, 2011
Probably...
The issue is whether the grant of authority in the Power of Atty can be held sufficient to include the filing of a bankruptcy. The...
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Claimed Ch7 and did not reaffirm car lease the lender is not reporting my payments to the credit bureau accurately is this legal
Gary's answer
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Answered on November 22, 2011
Leases are accepted or rejected.
It appears you rejected the lease & there is no obligation of payment to report. I find no fault in the lack...
Question on how to fill out Schedule F
Gary's answer
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Answered on November 22, 2011
If those are your only options, list "liquidated."
P.S. My forms allow "undisputed" as a choice. Sorry, if my earlier answer was unhelpful.
Archived
Chapter 7 and co-borrowers?
Gary's answer
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Answered on November 22, 2011
If the co-signer pays, the loan does does not go into default.
If Grandma* is the co-signer, she can continue to pay
*Whether she lives...
Archived
What are my options?
Gary's answer
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Answered on November 22, 2011
Usually the modification of a first lien moves it to second position or lower. It is unclear from your description who holds first...
Archived
Can I go after a lender for falsely reporting delinquency to credit bureaus?
Gary's answer
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Answered on November 22, 2011
No, your mortgage (lien) was not discharged, your loan obligation... Probably.
A report of delinquency of a discharged loan is likely a...
Archived
How do I know whether to pick contingent, liquidated or disputed on Sched F? I have only cc debt and stopped payments last month
Gary's answer
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Answered on November 22, 2011
Contingent = liable on determination by a court
Disputed = they claim you owe it, you claim you do not
Liquidated = you lost, they won, the...
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