What Happens to Exempt Funds, Such As Pain and Suffering Payments, When Used to Buy Something

You wrote, "what happens when some of [the exempt amount] is actually used to buy a non-exempt item, such as a vehicle? A: In Eastern District of...

Last year I was discharged from a Chapter. 7 bankruptcy. I have two loans on the house.

Priority of lien is usually determined by date of filing. A subrogation of lien rights may be an issue if the HAMP first loan is renegotiated. ...

A judgement was ordered against my wife from a credit card comp. they took her paid for truck.

You cannot count on the vehicle getting the $10,000 you mentioned unless you discounted to the market where the vehicle would be sold.

Bankruptcy conduct question

If the 2013 tax year refund was taken in lieu of your 2012 tax year refund, you may have paid your obligations and be closer to a discharge or...

I note that although you "represent" your discharge in a chapter 7 in the clause, the lender does not acknowledge the discharge of your personal...

Been paying on relatives credit card and will be filing chapter 7 bankruptcy.

If any debt remains to the relative, list the amount on Sch. F. As to the payment, you do have a Statement of Financial Affairs Q#3 issue that...

If I have been wronged, how do I go about having these negatives removed from my credit report?

You weren't evicted, you left under threat of eviction. You can file a dispute with the credit reporting agencies about the balance if it is...

Receiving 1099-C from debt settlement with second mortgage of my rental property. I should report that on schedule E form?

Please review the IRS publication on Form 982.

I have debt collectors calling my family and myself stating they are investigators and are threatening the law. Is this allowed?

Debt collectors usually buy accounts but may not have the evidence to back it up in court. They might be in violation of the FDCPA. there are...

How does collection agencies with court cost/fees work? What happens when it is with the debt collection agency?

You wrote, "What I am asking is does the 3 years still apply when it is at a collection agency?" A: No, not really.