Most owners of small corporations have to personally guarantee corporate debts because the corporation has no credit of its own. So much for the...

What do i do with the form F 2090-1.1, do i have to send that to all of the creditors listed in my chapter 7 bk & file w/ court

I believe this form is a "Substitution of Attorney." It only needs to be filed if you are having a licensed attorney take over on your case. That...

Our credit report shows our 1st mortgage as discharged in chapter 7 BK & 2nd (HELOC) shows balance due. Why & what do we do now?

You can find out if you reaffirmed by going to the Bankruptcy Courthouse & looking at the Court records. If there is no reaffirmation, you didn't...

If a Trustee Sale date has been set can the process be put on hold if the person files for Chapter 13 Bankruptcy?

That is the main reason people chose to file chapter 13 Bankruptcy cases here in Las Vegas - because it stops the foreclosure sale & can give you...

Im in a 13. And have just had to go on short term dis. And wonder am I able to postpone payment until I return to work im 7weeks

Well the other guys have told you that you should modify your Plan, like it is no big deal. But modifying your plan can be an expensive & time...

Car Reposession

Sorry, I disagree with Tony. If the Chapter 13 has been dismissed, you might be able to reopen it in order to convert it to a Chapter 7. But...

Can a 2nd mortgage be stripped in a Chapter 7?

No, lienstripping is only available in Chapter 13.

Our 1rst mortgage shows as discharged in our chap 7 bankruptcy on our credit reports. Shows no balance due. What does that mean?

Unless you reaffirm a debt, you are not personally responsible for paying it. Your mortgage company can foreclose & take the property, but they...

If the IRA is an exempt asset, you can withdraw the money any time after you file Bankruptcy. However, the Bankruptcy Trustee can object to your...

In a bankruptcy, if assets were transfer within the last 2 years, can the transactions be reversed by the trustee or the court?

The Trustee can take action to reverse any transfers by a debtor. Typically, the Trustees look for transfers that were made without consideration...