Sacramento, CA
Chapter 7 bankruptcy Lawyer at Sacramento, CA
Practice Areas: Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Tax
They might be able to, but rarely do. They have to sue you first however. If they sue you, you can file bankruptcy to stop them and also restore...
I believe they can try to collect, but it is only a collection agency trying. Until they sue you, there is little they can do other than call or...
In many states they can. However, most the time the 2nd will just write the loan off. If not they have to sue you to be able to force collection....
You are still liable for the 2nd in most states, but you are probably judgment proof. Until the 2nd sues you, they can do nothing. If they sue...
Each state has different laws regarding deficiency claims on a residence. Most lenders just write off the debt and it is a credit problem only. ...
There is not tax consequence to the debt forgiveness because it was forgiven in the bankruptcy. The bankruptcy only forgave your debt and did not...
You may not have a problem other than on your credit report. I am assuming you want to let the house go back to the lender. If the lender treats...
I think you are right. If the 2nd mortgage forecloses, the step into your shoes and have to pay your first mortgage. So if there is not enough to...
Chapter 7 is a liquidation and in some states you can only keep a vehicle with a very low value, i.e., $3,000. So if you file chapter 7 and that...
The owner's bk will not discharge your obligation on the mortgage. You have to file your own bankruptcy to do that. If the owner files a...
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