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Questions Answered by Ted A Greene
1 Answer | Asked in Bankruptcy for California on
Q: When selling business equipment should I use that money to pay bills before or after I declare bankruptcy?

My husband is selling his equipment, we plan on using the money to pay off some of our bills, but we would like to know if we should do it before or after we declare bankruptcy.

Ted A Greene
Ted A Greene answered on Dec 3, 2012

Do not pay large amount of money to family, friends, or credit cards before filing chapter 7 bankruptcy. These are considered "preferences" and the bankruptcy trustee will be able to take such money back and re-distribute to all of the creditors on a pro-rata basis. The amount of money that you... Read more »

2 Answers | Asked in Real Estate Law for California on
Q: I purchased a home in Sacramento and lived in it for a year. I had to move for work and couldn't sell, so I rented it.

I'm now facing the possibility of short sale. Is the mortgage still non-recourse even though I'm not living in the house now? It was a purchase money mortgage only and was never refinanced.

Ted A Greene
Ted A Greene answered on Dec 1, 2012

I am a short sale expert attorney, can you give me a few more details or give me a call to discuses 916 442 6400, short sales need a hard ship and must be owner occupied, lets discuss further we might be able to draw a hardship but I need to know a bit more, I have negotiated many short sales in... Read more »

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1 Answer | Asked in Bankruptcy for California on
Q: I CLAIMED BANKRUPTCY AND WILL HAVE A DISCHARGE ON DEC.12,2012 BUT SOME CREDITORS ARE STILL LISTED ON MY CREDIT REPORT.

IS THAT NORMAL? AND WHEN WILL THEY FALL OFF?

Ted A Greene
Ted A Greene answered on Dec 1, 2012

Some or all your creditors will be listed on your report, they will have a chapter 7 discharge status as soon as your case gets discharge. Just be sure to work hard on repairing your credit and you will be on your way to credit restoration soon.

1 Answer | Asked in Bankruptcy for California on
Q: How do I find out status and details of my Ch.7? I have no more money to continue w/attorney. Trustees will give no info
Ted A Greene
Ted A Greene answered on Dec 1, 2012

get a case number and you can look up your status at the federal court house, their computer system should be able to show you where you are at with the process, if you need help feel free to give us a call 916 442 6400

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