What is S. 61 that you mention and how does it help those stripping the 2nd mortgage in a 13 and converting to a 7?

no you must pay it off,at a discount, in the Chapter 13 plan as an unsecured debt. You can already lien strip for a wholly unsecured loan...

In a Chapter 7 those debts would all appear dischargeable (unless an exception such as recent purachases of luxury goods, cash advances applies). ...

We have 40k in creadit card debt, all cards are under my wifes name. If she claims bankruptcy will this affect me?

Your wife can declare bankruptcy without you declaring bankruptcy. Her debts will be discharged. Yours won't. When she files, all the community...

The bankruptcy laws are very tough on drunk drivers. Under the sec 523 a debt for personal injury caused by the debtor's operation of a motor...

I have credit cards debts of $16000 and no means of paying. Can I go bankrupt?

Yes you can save some fees by doing some of the work yourself. I have a method which allows my clients to input their data on line. Once the data...

If a credit card company got a judgment and liened my checking acct, will I get the funds back if I file bankruptcy?

No. Filing bankruptcy does not force creditors that took money from you before you file for bankruptcy to give it back. Bankruptcy stops...

I live in California. I have $16,000 in unsecured debt. And a $20,000 car loan. Can i file Chapter 7 if i make over $40,000/yr

When you ask if you make too much money to declare bankrutpcy you are asking about the "Means Test" The Means Test works like this: Means...

Can I file for bankruptcy & keep my home?

You can try to get a loan modification. But if you have no steady documentable income because you've been laid off it is unlikely that the bank...

I owe $21,400 in CCards. We have been living on SSDI along with child support income for 10 yrs. Can I waive filing fees?

You asked: "Do the courts count SSDI and child support as income on the means test?" The answer is yes. You also asked: "Do I pay for BK lawyer...

How much does a Chapter 7 Bankruptcy cost in Southern California?

It depends on the complexity of your case and the attorney you use. I charge $1,500 for the average case. But I charge more if its more...