Foreclosure - Chapter 7 and loan modification

As to your second question regarding whether foreclosure is automatic whenever someone files a Chapter 7, no. If my clients want to keep their...

Do I get to keep my cars?

Setting aside the issue of reaffirmation, the key here is that you state that you haven't made any payments recently. The moment you filed...

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Is it possible to just file a Corporate Banktruptcy and not have to file a personal bankruptcy?

A corporation may file separately from the individual shareholders that own the corporation. Before you consider this, you may want to explore...

When calculating income on Schedule I, I view it as forward looking. Is the recently earned overtime expected to continue in the foreseeable...

Am preparing to file chapter 7. Just got word that a wage garnishment will be applied from CC company. What do I need to do?

When a client is facing imminent or actual garnishment, upon filing the bankruptcy, a Notice of Filing Bankruptcy is generated by the bankruptcy...

It depends on several factors. One of the main factors are the exemptions you use. When someone files for bankruptcy, they are allowed to keep a...

Life Insurance policy & bankcruptcy

My colleague is correct. The key is not whether it is short term or full term, but whether it is term life or whole life. In general a whole life...

We received a motion to relief from automatic stay for our house (home creditor) We are behind but dont want to foreclose. Help!

Spek your attorney, of if you don't have one, get an attorney right away. Keeping a home through Chapter 7 bankruptcy when you are behind on the...

You only need to fill out the first portion that shows your income is below median. You won't have to fill out the remainder of the means test. ...

It boils down to a fact-sensitive inquiry about how finances are handled in the home. Just because you are family under the same roof does not...