What are potential consequences of filing chapter 7 with several real properties.

You've received two very good answers. I'll only add that your situation probably isn't simple with a simple answer, and you should consult with a...

Bankruptcy questions. I had a few questions considering assets?

Assets are things you own at the time of filing your schedules, not things you need to get in the future. Expenses (Schedule J) are expected...

I plan to stop making payments on my mortgage and walk away from the property in California. Can I just stop paying?

Basically, your credit card companies can increase your rate, etc., any time they want, and they may take your mortgage payment arrears as a reason...

My home has just been foreclosed and sold to a buyer who paid more than the bank was requesting as the mortgage balance.

What Frank Wei-Hong Chen said. It's not true that a foreclosure sale "liquidates all loans on the property". Whether you're liable for deficiencies...

My mother had me as the sole benificiary of her 401K. Is this money protected from a credit card co asking for payment?

The way I understand your situation, you now have $35,000 and Nordstrom has a clam against your recently-deceased mother. Her estate seems to have...

For california bankruptcy attorneys

In California, all community property is available to pay creditors of either spouse. Therefore, if all of that $50,000 is community property then...

Chapter 13 and Relief from Automatic Stay

There could easily be enough value in the underwater home to pay the first mortgage holder a substantial amount from a foreclosure sale,

Chapter 13 and the Relief from Automatic Stay

The main reasons would be if, as the Chapter 13 case progressed, you didn't keep up with the current mortgage payments. If you don't already know...

I have 100k in 1 1/2 years of unpaid unsecured cc debit, unemployed, unable to find work ,300k equity on my home

If a creditor gets a court judgment against you, they can collect from your assets that aren't "exempt" under California law. How much of that...

Can you cancel a chapter 7 bankrupcy? Also, if your house is going to auctioned by the bank is it necessary to list it as asset?

You have no absolute eight to cancel/dismiss a Chapter 7 bankruptcy. Once the trustee finds assets, you've jumped into the deep end of the pool and...

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