I'm on the brink of bankruptcy. My biggest problem is a yacht secured with a preferred ship's mortgage.

No, but the lender gets the boat if you can't make the payment.

Do I have any legal options at this point?

Not enough information to answer your question. But if you had a $178,000 dollars to seize, that does beg the question as to why you weren't paying...

Default vs. Default Judgment in Bankruptcy Case - Collateral Estoppel / Issue Preclusion

Preclusion has nothing to do with it. Based on what you describe, the state court never entered a judgement. A default is merely a procedural...

Selected as the best answer

A bankruptcy attorney has agreed to give my girlfriend the fees for the first 10 bankrupcty clients she signs for him. Acceptabl

More information would be needed to determine if it really is ethical. Generally, fee sharing with non-attorneys is not allowed, but if she is...

Can I sue a collector for reporting to my credit and representing a medical debt of my husbands from years ago, as being mine?

If you were married at the time when the medical treatment was given, then the debt is a joint debt. Medical bills are not the responsibility of...

Will bankruptcy head off foreclosure and give me a extra time to sell my home?

Possibly, but filing bankruptcy to delay foreclosure to sell is not a good strategy. Reason being, the bankruptcy, itself, will prevent the sale...

I need advise on how to open a collection agency from home.

That is a fairly substantial undertaking. What you need to do will depend on the types of debts you intend to collect. Are you only going to...

Selected as the best answer

Could I declare bankruptcy if I needed to?

If your goal is to discharge the debt, you cannot file another chapter 7...at least not yet. The time between chapter 7 bankruptcies is 8 years....

My home is in foreclosure with Bank of America, We had bankruptcy discharge in 2009 now BOA is trying to add $18000.00 can they

If the home is foreclosed, they can't collect anything against you personally. However, in the context of a modification, they can add fees and...

Is my Chapter 7 Bankruptcy lawyer guilty of malpractice? If so, how can I find out if he has malpractice insurance?

As stated, no one here can really say whether your attorney is guilty of anything. However, malpractice is rare in bankruptcy. A few hurdles:...

Selected as the best answer