Chapter 7 Bankruptcy question

A chapter 7 discharge means your personal obligation to pay on the loan is discharged so the creditor cannot go after you or your assets to try to...

What is the statute of limtations on foreclosure in California?

Statute of limitation is a defense in a lawsuit. Since in California, foreclosure is usually done non-judicially, meaning without a lawsuit, the...

I am being sued by a creditor who bought some debt from Wellsfargo and trying to collect the debt from me. What do I do in this.

It is perfectly legal for another entity to purchase debt obligations and pursue the debtor(s) for the monies owed. Your options are 1) negotiate...

I need advice on settling a HELOC post chapter 7.

I'm guessing based on the equity that they will foreclose if you don't continue to pay as promised. Why would they take $75K when they can $300K...

AFTER FILING FOR A VOLUNTARY DISMISSAL FROM A CHAPTER 13 THAT WAS NEVER CONFIRMED, HOW LONG DOES IT TAKE THE TRUSTEE TO RETURN

Depends on the Trustee. Trustees in my jurisdiction do accounting once a month so if paperwork is received just before that date it might make it...

How long does a foreclosure remains on your credit report?

Negative history can legally remain on a credit report for 7 years.

Does a collection agency need to respond to my letter demanding Proof Of Claim?

There is no timeline set by law within which creditor must respond to a written validation of debt request so your demand that they write back in...

Selected as the best answer

The notice you received is valid even though not sent by certified mail. You have 30 days to send in writing a dispute letter. Once letter is...

What is the process for wage garnishment in CA? How is the figure to be garnished determined?

Unless this is child support, income tax, or federal student loan debt, the creditor must sue first to obtain a judgment. California follows the...

Is there legal recourse? Chase Bank refuses to consider a reasonable short sale offer, backed by hard market data.

Agree with other counsel. You cannot force Chase, no matter how compelling the evidence might be, no matter how business savy the decision would...