I have over 160k in credit card debt! Personal/business. Cash adv & purchases. I stopped using my credit in August '10.

I agree with that said you're good to go for a Chapter 7 bankruptcy now if you qualify for it. Please consult with a qualified bankruptcy attorney...

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Can I reduce principle on investment property?

It is true that a first mortgage that isn't on a primary residence can be modified down ("crammed down") to the current value of the property in a...

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A year ago a relative asked far a $200 loan and promised repayment.

You can ask for repayment until she files a Chapter 7 bankruptcy, and then afterward if for some reason she doesn't receive a discharge of debts in...

Confusion of Chapter 13 bankruptcy for lien strip

Removing the lien from the second-mortgage loan on your property doesn't remove the personal debt from that loan. That personal debt is now...

I need to file a chapter 7 in nj can someone help?

As the first answer said, the way is for you to consult with and retain a qualified bankruptcy attorney in your area. There are many things to...

So I'm due to get about $10,000

Whether your $10,000 award is exempt depends on (1) your state's bankruptcy exemption laws and (2) what other assets you own. Exemptions are often...

Bankruptcy, 1099, mortg & equity line, my current accountant is listing discharged debt as a capital gain & incl it in my income

Was the property in question foreclosed and sold? If so, your accountant may be correct. As he said, you're not having to treat discharged debt as...

Homeowners association turned over my debt for unpaid Condo fees to collection agent.

Your personal liability for those condo fees would be discharged, but the lien on the property from those fees would stay. I recommend that you...

You should file a claim in his bankruptcy case so that you get in on any distribution of assets to creditors made during that case.

The plaintiff will probably get a default judgment against you for that amount plus other fees. If you don't show up for something ordered by the...