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Justin Mishkin

Justin Mishkin’s Answers

3 total

  • Will I lose my home?

    I recently flied for bankruptcy and put my home down as wanting to reaffirm it (keep it) but I got a letter from my mortgage company today offering different loss mitigation options, did I screw something up on my paperwork? or does this go out be...

    Justin’s Answer

    The first answer needed for a response is where you behind when you filed? if so, the lender is likely sending you documentation for a loan modification, short sale, or deed lieu. Foreclosure prevention items. If you were not delinquent, the correspondence may be just a letter concerning your rights since you filed bankruptcy. the only way to truly know is to speak to a bankruptcy attorney and who's them the letter so they can explain the consequences. it should be noted that reaffirmation are not the general practice for real property and you may require permission from the court to reaffirm the debt. there are some benefits to reaffirms debts, such as affect on the credit report and possible refinances in the future. There are so many new programs out right now with certain lenders, we deal with a lot, that have programs where reaffirmations of real property is no longer one of their requirements.

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  • I am the sole earner making 70k with a family of 3. We have a car worth 5k and 10k in bank accounts, Cant I keep all my assets?

    We rent and want to do chapter 7 bankruptcy.

    Justin’s Answer

    the answer to your question is most likely, but a bankruptcy attorney will need to review your income, deductions and assets to determine qualification for a chapter 7 or 13 and what assets you will be able to retain in a bankruptcy. Most if not all assets are exempted through the WA state or Federal bankruptcy exemptions. a bankruptcy attorney will be able to guide you and inform you of how to proceed.

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  • How much is the cost to file for chapter 7???

    I want to file for chapter 7 but I dont have money

    Justin’s Answer

    Generally a chapter 7 bankrutpcy will costs a debtor $1,000 through $1,800 plus costs. you need to contact an bankruptcy lawyer and provide them with the facts in your case.

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