Archived
I am filing bankruptcy in CA. My only concern is the duplex that I live in with 2co-signers (3 people on the loan).
Halli's answer
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Answered on August 06, 2014
Since you only own a one-third interest in the property, only one-third of equity or $41,667 is yours. If you are residing in the property at the...
For Bankruptcy 722 Redemption purposes. Can you exempt a vehicle (or property) that does not have any equity?
Halli's answer
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Answered on August 06, 2014
It is ironic that one would not need to redeem property if there is any equity in it yet you need to claim an exemption in the property in order to...
Archived
Got sued by credit card company. Can I file bk? Would that count as the response to the sue notice?
Halli's answer
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Answered on August 06, 2014
The filing of a bankruptcy is not a "response" to the lawsuit, but the automatic stay that goes into effect when the bankruptcy is filed, stops any...
Archived
My ex wife was awarded a car and the loan to the car during our divorce. I am the sole borrower in the loan.
Halli's answer
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Answered on August 06, 2014
If the loan is in your name alone, your ex's filing bankruptcy should not affect the loan. If she does not propose to continue payments, you will...
Archived
If a husband dies before inheriting from his fathers estate, will it go to the wife? Is she his "issue"
Halli's answer
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Answered on August 06, 2014
Generally, the trust will specify if there is any survivorship period which is required but a period that is as long as six years would be very...
Archived
Timeline: File chapter 7 bankruptcy. Incurred more medical debt. Let ch. 7 dismiss. Refile a few months later. Discharge Meds?
Halli's answer
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Answered on July 31, 2014
You can refile and generally discharge the new medical debt incurred. With other types of debts such as credit cards, lines of credit or even if...
Can my lien holder repossess my car after the discharge of chapter 7 bankruptcy?
Halli's answer
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Answered on July 31, 2014
If you are behind in payments after you receive your discharge, the lender can repossess the vehicle which is a substantial risk, especially if you...
My husband is declaring bankrupcy and he is an authorized user on my credit cards. What do I do.
Halli's answer
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Answered on July 31, 2014
You can contact the credit card company to remove him as an authorized user but it may still appear on your credit report that an authorized user...
Archived
Chapter 13
Halli's answer
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Answered on July 30, 2014
The amount of equity in the house is critical in determining your best course of action, as are the details of the divorce and the transfer of the...
Archived
What is my liability if I cannot pay off a credit card balance
Halli's answer
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Answered on July 29, 2014
You are liable for the debt but the more important question is whether the debt is collectible. You cannot file another Chapter 7 until eight...
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