Bankruptcy Question

Most likely, this wouldn't be an issue, because even if the person does not have a lien on the car, you would be able to exempt it. However, this...

I have a collateral loan that was charged off without reposession. the loan was assigned to a 3rd. party

You may be able to negotiate a deal with the third party. They didn't pay the full value of what you owe, so you can pay less and they would still...

Should I sign a new modification after i file chapter 7?

I would seek an attorney's advice on these documents. You said that you get the impression you'd be asking for a new modification, but I would...

I have had health issues recently and have many hospital bills, I am on complete disability, and have no assets.

Creditors cannot garnish Social Security. Depending on what assets you own and whether you want/need credit in the future, a bankruptcy may be...

I am being sued for breach of contract on my 2nd mortgage, can I include my 2nd mortgage in chapter 7 bankruptcy

I agree with the first poster, that you should look into a Chapter 13. If your home is worth less than what you owe on the first mortgage, you may...

I am in process of filing for chapter 7...my attorney said that the HOA lien and HOA past dues can be discharged...true?

You can try to think of the amounts owed to the HOA as two separate things. The first is the personal liability - the agreement to pay them each...

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Car loan and Bankruptcy

You may have another option, but it may not be a huge savings for you. You do have the option to reaffirm the car, but it sounds like they aren't...

In the process of filing ch13. spouse has good credit. Should we get a legal seperation first?

Hello, I am sorry to hear about your complicated situation. As noted above, there are several issues in your case. To begin with, you are...

Can I sell my property after Ch 7 discharge and am I obligated to pay the HELOC in addition to the first mortgage if I sell it?

If you are considering letting the house go to foreclosure, you may be able to stay in the property for some time, but do be aware that a...

What about non valuable property in the Statement of Financial Affairs, question 10: Other transfers.

There is no "de minimus" exception, so under the law you are supposed to disclose it and let the trustee decide whether it is an issue. It almost...