In chapter 7 in determining home equity how does a reverse mortgage work? Just like a normal mortgage? Mom considering Bankruptc
Richard's answer
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Answered on November 27, 2017
First, you have seen answer..same as any mortgage.
Second, NO attorney can advise you on what is protected called an exemption until they know...
As a creditor, what are some important questions I should ask at a debtor's Ch.7 BK Creditor's meeting?
Richard's answer
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Answered on November 27, 2017
In reality 99.9999 % of secured creditors never go to such meeting. Why? What is there you need to do? You already have a secured loan. But the...
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What is the law regarding a creditor refusing payment in full?
Richard's answer
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Answered on November 27, 2017
It all starts with your contract. When breached, they are entitled to the amount owed, repo costs, interest, late fees, etc. Then they can enforce...
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When can i write off student loans?
Richard's answer
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Answered on November 27, 2017
You can Google 11 USC 523a8 and see many many court cases and read all you want. But will give you a headache but describe the tests.
First and...
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HOW CAN I MAKE A BANK TO ANSWER MY REQUEST
Richard's answer
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Answered on November 27, 2017
That is a really hard question. We are not privy to the court orders. I am assuming PNC is a secured mortgage creditor. If the creditor does NOT...
Will I lose my leased car in chapter 7 process?
Richard's answer
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Answered on November 26, 2017
First, I find in 99.9 % of the time, if you are NOT late on the lease, that they would never repo it. ! So it depends on if you pay timely or not....
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Can anyone recommend a good pro bono bankruptcy attorney in Burbank, California?
Richard's answer
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Answered on November 26, 2017
I agree with the comments..if you have enough money to fund a ch 13, then you have enough to pay an attorney. My guess is you have some...
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Can I object to a $25,000.00 settlement, as an unsecured creditor, reached between the debtor and the bankruptcy trustee ?
Richard's answer
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Answered on November 25, 2017
First, the trustee can ask the court to approve a settlement and based on risks, likely recovery, etc. the trustee can approve.
Second, you can...
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Im a debtor in a converted chapter 7 from an 11. Why is the Trustee the plaintiff now in my adv case against a creditor?
Richard's answer
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Answered on November 25, 2017
From what I can see, you were suing someone else in ch 11. When converted to ch 7, the trustee steps into your shoes and is in charge of all...
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Can I sue a creditor for their failure to follow dismissal of a Chapter 13 6 months later?
Richard's answer
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Answered on November 25, 2017
When a case is dismissed, it is the same as never filed in a way. Why? Because it is an accounting..monthly payments due, then add all default rate...
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