Archived
Chap 7 BK filed 5/15/13; current with 1st Mortgage. BofA sold mortgage to Green Tree. BK specifically said I wanted to keep home
Edmond's answer
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Answered on May 26, 2013
As an addition to the already spot-on answers (and as general information), any tax liability on the forgiven HELOC falls under tax-debt which...
Archived
Do California small claims judgments carry the same weight as superior court judgments?
Edmond's answer
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Answered on May 26, 2013
Short answer: Yes they do. My old boss once told me "A judgment is a judgment, unless it's not."
Archived
Bankruptcy help!
Edmond's answer
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Answered on May 26, 2013
For a quick second, lets pretend that your name is on the loan AND the title, and that there is actually 200k in equity. Depending on your...
Archived
What would be the best defense strategy for attempted burgulary?
Edmond's answer
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Answered on May 26, 2013
Actually burgle something. Can't be convicted of "attempting" something you actually did.
What website to assess home value for bankruptcy filing
Edmond's answer
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Answered on May 26, 2013
Zillow.com is the go-to site, and works like 90% of the time. Beware, though, if the zillow valuation is really close to, or less than, the amount...
Archived
Chapter 7 - Schedule J - Line 2 - Item (c) : Telephone:
Can I use my Cell Phone Bill (Expense) on this line?
Edmond's answer
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Answered on May 26, 2013
I'd list it under "other," which will allow you to explain the reason for the $250 bill right in the paperwork, which will save you like 20 seconds...
My credit report says my wife's student loan debt was discharged in our bankruptcy two years ago. Is this possible?
Edmond's answer
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Answered on May 24, 2013
There is the possibility that they were discharged. While the code technically makes "student loans" undischargable, the rule is fairly long and...
Archived
Do I need to list my regular paycheck on Schedule B of the Chapter 7 Bankruptcy petition?
Edmond's answer
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Answered on May 21, 2013
Generally, when you're talking about that category, the trustee is looking for things like commissions or royalties or other things of that nature....
Archived
I am filing bankruptcy in California. Is there a process I need to do before using the #2 homestead exemption?
Edmond's answer
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Answered on May 02, 2013
I'm guessing by "#2 exemption" you're talking about Section 703's exemptions. 703 is the most exemption-friendly scheme, and gives you what is...
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