Received summons to appear in court for a collection acct. Made payment arrangements but they say a judgment can still be filed.

Having an agreement to pay does not forbid the creditor from seeking a judgment from you. Most likely they are wanting to get the judgment so they...

If I enter into bankruptcy, can I keep my house?

There are different chapters of bankruptcy and your goals regarding the house will need to get considered when thinking about the type of...

Is chapter 7 best for eliminating deficiencies on first and second mortgage?

Filing for a chapter 7 bankruptcy will eliminate your personal liability on both the first and second mortgage. If you were allow the property...

My online store owes 35000 on bank credit card. Not making money on business. Bankruptcy options? I only owe the bank.

We would need to look at all of your personal assets and the businesses assets to determine what you'd be able to exempt. Many people who file for...

The only income I have is social security. I am 64 yrs old. Is this "exempt" income?

If you are only receiving social security then that would be exempt from garnishment of your bank account. Some creditors will still send a...

It is fairly common in the current housing market for a second mortgage lender to sue based on non-payment of that loan. If you are underwater on...

WALKING AWAY FROM 2ND MORTGAGE

The 2nd mortgage already has a lien on the property. Assuming that you didn't reaffirm any of the mortgage debt then you have no personal...

Filed Chapt. 7, with home incl, 3 years ago. If I walk from my home now will the forclosure cause me to wait 3 more yrs. for FHA

If you didn't reaffirm the mortgage during the bankruptcy then it is possible that nothing will even show on your credit report regarding that...

I was served an Unlawful Detainer for owed rent. If I can pay what I owe do I still have to show up for court?

You have the right to get current on the rent. As long as you are paying the full amount to get current then you should be fine. You should...

What can I do if my wage is getting garnished and not my ex husband?

If you are eligible for a chapter 7 bankruptcy you should consider that as an option. If you were a co-debtor on debt along with your ex-husband...