Archived
Does a loan modification mean a new loan? Original loan discharged in bankruptcy.
Deed in lieu? Expenses if walk away?
James's answer
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Answered on June 18, 2012
Loan modifications are the same loan being modified. Not a new loan.
There should be no income tax liability on this issue because you...
Archived
I have a community well it is shared by 3 homes. The power to the well is in my name. Neighbor filed chapturen7. Listed me
James's answer
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Answered on June 18, 2012
A Different angle is that the debt owed on the well should also attach to the land. If it does run with the land, then it does not matter if...
Archived
Can I keep my car if I filed bankruptcy 2 years ago and just paid off my car?
James's answer
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Answered on June 18, 2012
If you paid off the car, there is no basis to return the car back to wells fargo.
Are you sure the letter is legitimate? Is it from the...
Archived
In chp13, lender sent notice of mortgage payment change to trustee
James's answer
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Answered on June 16, 2012
This court form does not change your agreement with the lender. Especially if it was a mistake.
It does not mean however, that they won't abide...
Archived
I have a few bankruptcy questions. I have received my Chapter 7 Bankruptcy discharge a week ago and have a couple of questions
James's answer
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Answered on June 16, 2012
You own the house until it is taken. It becomes the banks when they either take it back by force or you voluntarily help them sell the house or...
Archived
If I included my house in the chapter 7how can they already have a court hearing set up even though my banruptcy isnt discharged
James's answer
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Answered on June 16, 2012
You can show up but you are not required to show up. If you show up and it turns out they did not know about the bankruptcy, it might buy you some...
Archived
Can credit card convenience checks be discharged in chapter 7 bankruptcy if they are more than 180 days old?
James's answer
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Answered on June 16, 2012
I agree with the other two attorneys. This is not a clear cut timeline issue.
There is no presumption against you, but that does not mean they...
Archived
How does the homestead (California) exemption work?
I'm getting contradictory stories from two different BK attorneys.
James's answer
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Answered on June 15, 2012
Your feelings are correct - what good would a homestead be if any credit would get access to it.
As a side note, the IRS can get to your...
Archived
Hi, i just got a divorce and we had a house and we owe about 190k. that is the only debt we had together. CAn i file chapter 7
James's answer
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Answered on June 15, 2012
A Chapter 7 may be a good option for you but it is difficult to know without more information.
Get in touch with a bankruptcy attorney and ask...
Archived
There is now a way bill number for the waiver decision however the 202# and 703# we normally call say it's pending, r they behin
James's answer
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Answered on June 15, 2012
This is a strange request because there is no context. Re-ask the question.
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