Archived
Can I loose my house that is worth $700,000 if I owed $310,000 on the house, a secured credit line that is max now $150,000?
Lauren's answer
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Answered on December 10, 2013
Yes, the credit card companies can attach their judgments as liens to your real property meaning they would have the authority to foreclose albeit...
Archived
Do I include a charged off 0 balance account in my Chapter 7?
Lauren's answer
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Answered on December 09, 2013
Yes, it is always better to over-include than under-include when it comes to noticing your creditors. Within the one entry there is room to put...
Archived
What is bankruptcy amendment deadline in CA?
Lauren's answer
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Answered on December 06, 2013
What type of creditor? If it is not a judgment lien and just an unsecured creditor you do not have to add them if your case was categorized as a...
Archived
Is bankruptcy a solution for me? How much does it cost to file and attorneys fees? Are payments an option for the services?
Lauren's answer
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Answered on December 05, 2013
You definitely sound like a good candidate for Chapter 7. This will stop the wage garnishment immediately. IS the big lien attached to real...
Archived
Chapter 7 in California. If Husband & Wife are separated & both on title 2 home. 1 spouse files ch7, only 1/2 of equity at risk?
Lauren's answer
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Answered on December 05, 2013
If there is only $100k equity then the Trustee will likely not go after the home. If there is more, then the Trustee probably will. Since CA is a...
Archived
Ch7 Bankruptcy, how to describe Mobil Home residence as a Real Property asset? Also, what kind of description is needed?
Lauren's answer
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Answered on December 04, 2013
If you do not actually own land ("real property") then you do not need to list it on Schedule A. A Mobile Home would most likely be listed on...
Archived
If I'm being sued for a student loan can I submit an adversary proceeding, if I just filed bankruptcy?
Lauren's answer
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Answered on December 04, 2013
You can reopen a Chapter 7 to file an adversary proceeding but the more important information to consider is whether you have grounds to win the...
Archived
Chapter 7 in California. Can a household of 2 married couple with no kids take 100k 704 exemption on home?
Lauren's answer
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Answered on December 03, 2013
Yes, you can take the $100k home exemption but only if it is your primary residence, i.e. not a rental property. Also keep in mind that if you take...
Archived
I am at the end of a chapter 13 and I have not paid anything on my credit cards in my 60 months. all my credit cards are at 0%.
Lauren's answer
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Answered on December 03, 2013
Whether you pay your unsecured creditors anything depends on whether you had any unexempt assets at the time of filing and your income. If you only...
Archived
Around one year ago I filed for chapter 7 bankruptcy. My car was recently totaled.
Lauren's answer
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Answered on December 03, 2013
Depends on whether you signed a Reaffirmation Agreement with the car lender. If so, then you do remain liable for the balance of the loan even if...
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