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Separated and husband want to file bankruptcy. Kids and I live in the house, and it has a Deed of Trust. How will it affect us?
James's answer
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Answered on February 11, 2015
The mortgage will receive notice of the bankruptcy, but you will be able to continue making the payments and be able to keep the house. However,...
Archived
I've been told that if I plan to file for bankruptcy, that I should stop paying all my credit card bills now. Is that true?
James's answer
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Answered on February 10, 2015
While in many cases it is true that a prospective bankruptcy filer can cease credit card payments, you should consult with an attorney first and...
Archived
Chapter 7 or short sale?
James's answer
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Answered on February 10, 2015
There are many homeowners in this form of limbo, unfortunately. Your best bet will be to consult with a local bankruptcy attorney to discuss this...
Archived
What can I do about a collection agency sending contradictory paperwork?
James's answer
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Answered on February 10, 2015
I agree, you need to file a timely answer, and that answer needs to preserve all your counterclaims and defenses. Consult with a local attorney ASAP.
Archived
While trying to refinance my home. I was told there was a lein from a bank for a 2nd mortgage. I stopped paying the 2nd in 2009.
James's answer
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Answered on February 09, 2015
If you have a second mortgage on your home, the bank did not "put" a lien on it, you gave it to them when you signed the loan paperwork. If the...
Archived
Can I charged with fraud for not paying back an online payday loan they want to summit I thought this would just go on my credit
James's answer
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Answered on February 09, 2015
You need to consult with an attorney, as the people calling you may not actually be the people you borrowed from. Online/payday type loans seem to...
Archived
I am looking to file bankruptcy and i need to find out what one is better for me to do chpt 7 or 13
James's answer
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Answered on February 09, 2015
The answer to this questions depends on so much. The types of debts you have, the assets you have, what your potential income will be, your tax...
Archived
Property surrendered in discharged bankruptcy, no reaffirmation signed, find self in foreclosure, am I liable for deficiency?
James's answer
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Answered on February 09, 2015
Based on the limited information here, it would seem you are covered by your discharge. If you have any homeowners or other association dues that...
Archived
How old of a credit card debt can a collection agency go after?
James's answer
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Answered on February 06, 2015
You should send a written dispute after you have a consultation with a consumer attorney. The statute of limitations in California is 4 years, so...
Archived
Our bank sent a line of credit through for my husband and I without our knowledge or authorization. Is that legal?
James's answer
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Answered on February 06, 2015
More information is needed to answer your question. It would seem odd that a bank would open a line of credit that was not applied for. This may...
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