Archived
My car was repossessed and has an $11,000.00 balance... They said they will file a judgement against me in the area I live...
Jason's answer
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Answered on June 20, 2011
It sounds like the lender is referencing a deficiency judgment. The deficiency is the amount owing on the loan after the creditor repossesses the...
Archived
My Chapter 7 has been finalized. We had a 1st & 2nd on our house. Both discharged.
Jason's answer
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Answered on June 20, 2011
Mr. Delrahim is correct. If you are keeping the home, you have to continue paying both mortgages. The only way to discharge a 2nd mortgage is...
Archived
Can a NYS pension for garnished for a defaulted student loan the loan is from Citicorp
Jason's answer
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Answered on June 20, 2011
I agree with the answers above.
I would just add that you should at lest speak to a bankruptcy attorney. While you can not discharge student...
Archived
Our 2nd mortgage was sold to a collection agency. Is it still considered a secured debt?
Jason's answer
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Answered on June 20, 2011
I agree with the answers above.
You need to speak to a bankruptcy attorney about the possibility of a lien strip. This happens in a chapter 13...
Archived
What can I do after a default judgement was issued against me?
Jason's answer
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Answered on June 20, 2011
I agree with Mr. Mason. I would just add that you should speak to a bankruptcy attorney to determine all of your available options. Sometimes,...
Archived
Filled a chapter 13 bankruptcy now want to get rid of car.
Jason's answer
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Answered on June 20, 2011
Getting rid of the car can cause your plan payment to increase. You lose the vehicle operating expense and the expense you claim for the payment. ...
Archived
Will wages be garnished as a result of a default judgment in favor of landlord even if I vacated? Or can I include debt in BK?
Jason's answer
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Answered on June 20, 2011
You must add the judgment to your bankruptcy. The law requires that you list all of your assets and all of your liabilities. The judgment would...
Archived
Going through a divorce, have a 3 yr. old and im 8 months pregnant. i plan on breastfeed till the newborn child is a year old,
Jason's answer
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Answered on June 19, 2011
Generally, non-custodial parents are awarded reasonable visitation with their children. "Reasonable" depends on many factors, one of which is the...
Archived
Can my wife request to take all my debt accrued during the marriage in divorce paperwork?
Jason's answer
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Answered on June 19, 2011
You wife can agree to take the debt in your divorce decree. However, be aware that creditors can still try and collect from you if she doesn't pay...
Archived
Due to domestic abuse, I want to get a divorce,where do I start?
Jason's answer
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Answered on June 19, 2011
You should speak to a local attorney. In fact, you should talk to several of them. Many attorneys offer free consultations and you should take...
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