Archived
I am 3 months behind on my visa card I payment and I am being threatening with being turned over to an attorney can they do this
Dorothy's answer
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Answered on December 20, 2010
This is the usual & customary process to collect on an unpaid debt. When you applied for your credit card, you signed a contract with the bank to...
Archived
Chapter 7, can I claim my house exempt?
Dorothy's answer
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Answered on December 20, 2010
When you say you are just a tenant, do you mean that you are not on the tile 7 that you rent the property? Or do you mean that you are a joint...
Archived
How do I collect anything if someone goes bankrupt?
Dorothy's answer
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Answered on December 20, 2010
In most Bankruptcy cases, creditors are paid little or nothing.
If you are a creditor in a Bankruptcy case where money is available to pay...
Archived
Do i have to pay for credit card in my wife's name
Dorothy's answer
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Answered on December 20, 2010
Once a creditor obtains a judgment, they can use the judgment to seize any assets your wife owns.
So if you have a joint bank account or a car...
Archived
Filed for bankruptcy and want to surrender my house. My wife is a co-debtor on the house but not a US Citizen.
Dorothy's answer
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Answered on December 20, 2010
In some states, when there is a foreclosure, a creditor may sue the borrower to collect the difference between the amount owed & the mortgage...
Archived
How can I keep my car, franchise restaurant and furnishings with Bankruptcy?
Dorothy's answer
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Answered on December 20, 2010
How much you would have to pay in a chapter 13 will depend on how much equity is in your business & what, if any of that equity is protected by the...
Archived
How does debt negotiations work?
Dorothy's answer
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Answered on December 20, 2010
Debt negotiation is the practice of offering less than full value to pay off a debt. Payment in a lump sum will get you the best results, if you...
Archived
How is the discharge of my taxes affected by the conversion from Chapter 13 to Chapter 7? This is a novel question...
Dorothy's answer
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Answered on December 20, 2010
You are looking at this in a way way too complicated way! Let's make this easy.
This is not a novel problem to me, this is extremely...
Archived
We were in a Chapter 13...recently it was dismissed. We were approved a modification before the dismissal.
Dorothy's answer
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Answered on December 20, 2010
Most loan modifications start with a trial period before they become final. I tell you this because if the loan modification was only in the trial...
Archived
I was served with a lawsuit from an attorney representing a credit card company, but actually my wife received the papers.
Dorothy's answer
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Answered on December 20, 2010
Delivering lawsuit to your home is usually enough to meet the legal requirements in most states, even if the delivery was not made to...
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