All of my clients who held their contractor's license in good standing at the time they file their bankruptcy, had no problems keeping their...

Can a bank collect all your rents while you are in a chapter 13 bankruptcy?

The rents should be accounted for in your bankruptcy and applied toward the mortgage. The bank may have a lien on the payments, but that should...

Loan modification trial period. Bank didn't file with the Feds on time.

Unfortunately a loan modification is a new agreement requiring all parties to agree to the new terms. Until you have a SIGNED agreement, the bank...

Upside down in Folsom - assets dwindling fast, should I walk away, declare bankruptcy or what?

You allowed to keep around $21,000 in the bank if you do not have much of anything else with equity. The anything else I refer to is $3,300 of...

You are required to list all creditors and you will be asked under oath if you have listed all or your debts. Furter, if you do not list one...

We filed bankruptcy separate my husband and I in 2003 and 2005, we lost our job in the downturn , can we file again?

If you filed a chapter 7 before, then your husband could file a chapter 13 case soon. He would have to make monthly payments for at least 3 years....

I have 2 condos that are worth less than I bought them for. Could I file bankrupsy on the 2nd mortgage of the 2nd property as w

The simple answer is yes, but the questions is much more complicate than that. I usually take about 15 minutes to discuss each of my clients...

The only debt I have are the mortgages for my 2 houses. Can I keep both of them if I file for BK?

The is usually no way to lower your mortgage payment unless you negotiate with your lender. Some lenders are willing to lower your payments. The...

I have S-corp business - only debt is 2 cc & LOC (all are personally guarant). IF declared B/K - will I be affected personally?

I very rarely advise a small corporation to file bankruptcy. It is a separate entity and if it is bankruptcy, you can just walk away. Walking...

Can my corporation file bankruptcy without having to close its doors?

If your corporation files a chapter 7 bankruptcy, you will have to liquidate any significant assets of the corporation. Further, the corporation...