Are there tax consequencies in deed in lieu of foreclosure? I was discharge in chapter 7.
Debts discharged in BK are not taxable events. If a 1099 is issued on a debt discharged in BK, simply file IRS Form 982 with your return and check...
San Diego, CA
Chapter 7 bankruptcy Lawyer at San Diego, CA
Practice Areas: Chapter 7 Bankruptcy, Chapter 13 Bankruptcy ... +4 more
Debts discharged in BK are not taxable events. If a 1099 is issued on a debt discharged in BK, simply file IRS Form 982 with your return and check...
Reaffirming the mortgage (generally not a good idea) does not cure the arrearages. But if you otherwise qualify for Ch7 AND you can work something...
Yes. And if you want to keep the property which secures that debt, you should probably file a claim on the creditor's behalf.
To strip the 2nd mortgage, you will have to demonstrate that the house is worth less than what is owed on the 1st ... today.
4 yrs from the last date of any activity, whether a charge or a payment
It might be possible to modify your Plan to now include the house; but you would probably have to make additional payments to catch up on the...
If the Trustee's Sale goes through, you will eventually be given a 3-day Notice to Quit. At that point you will contact the new owner (probably...
You will not likely be able to avoid responsibility for that debt. You have the right to file bankruptcy; but that would not make any sense if...
The only assets that would be in danger are community property, ie., assets that were acquired during the marriage. Your quitclaims may or may not...
They only have to present a preponderance of evidence that you owe the money. All they have to do is demonstrate that you made a payment on the...