Archived
Can I strip my 3rd mtg in a chapter 7 (Florida) if the appraised value of my home is more than my 1st mtg balance?
Diane's answer
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Answered on March 01, 2013
The second & third mortgages can only be stripped down in a Chapter 13 IF the appraised value of your house is less than the first mortgage. This...
Archived
Am i eligible file bk , 25k credit card debt / only income from SS $ 981 mo . I own my home and 2004 auto
Diane's answer
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Answered on March 01, 2013
Sounds like you qualify for a Ch.7 BK. BUT, your house and car MAY be at risk. It depends upon their current market value AND the exemptions you...
Archived
CAN I INCLUDE A CREDITOR ON A BANKRUPTCY FOR A TITLE LOAN AND RETAIN THE VEHICLE
Diane's answer
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Answered on March 01, 2013
This creditor has a lien on your car. Once the debt is paid off, they MUST return your title, with or without a bankruptcy. Talk with a BK...
Archived
Can a creditor demand payment for a discharged debt If you voluntarily pay the same creditor for another debt?
Diane's answer
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Answered on March 01, 2013
No, they cannot collect for the discharged debt.
Archived
My wife is in my will to inherit the house should I die, but she is not on the deed. Would this pose a problem for her?
Diane's answer
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Answered on March 01, 2013
If you pass away first, it may be necessary for her to file a Small Estate Affidavit in order to get title to the manufactured home. I suggest you...
Archived
Am I liable for mortgages discharged in bankruptcy?
Diane's answer
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Answered on March 01, 2013
Nope! Without signing a reaffirmation agreement, you can walk away at anytime and owe nothing on the mortgage.
Archived
How do I protect the co-signer of my Federal PLUS student loan while going through Chapter 7.
Diane's answer
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Answered on March 01, 2013
You can stay in good standing by making your payments each month, especially during the bankruptcy. Also, they will not go after the co-signor if...
Archived
My brother was awarded the house in the divorce , but later his ex filed for bankruptcy; now his credit report doesn't show mtg
Diane's answer
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Answered on March 01, 2013
Never mind the credit report. So long as he keeps making the monthly mortgage payments, the mortgage bank can't foreclose. If they have stopped...
Archived
Do it yourself bankruptcy??
Diane's answer
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Answered on February 28, 2013
Your mother should not even try to handle this bankruptcy by herself. Perhaps there is legal aid available for her. The petition alone is 50+...
Archived
I plan to file chapter 7 as soon as I get some money. Can I make rent payments to my parents if I live with them over $300?
Diane's answer
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Answered on February 28, 2013
To be safe, you need to have a written agreement, signed by you & your parents that you will pay them $XXX per month for board & room, or for rent...
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