If you are an exempt employee, that means that your employer does not have to pay you overtime rates (i.e. time and a half for weekly hours over 40) or the minimum wage. In order to classify you as an exempt employee, there is a three-part test that must be passed. One of these tests is that you...Read more »
The home was sold for about $30k above the amount of the first mortgage. $6k of that was applied to the second mortgage. I've been renting since then, trying desperately to repair the damage to my credit. I recently called a mortgage broker to see if I am in a position to become a homeowner... Read more »
Many people in you situation in 2013 would have filed for bankruptcy so that the 2nd mortgage would have been completely removed / discharged. Then the creditor would not have any recourse to you personally for the deficiency.
The charge off only means that the creditor has...Read more »
It generally takes several weeks before the sheriff will come and actually evict / put you stuff out on the curb. The answer to your question is: it depends on several factors, one of which is which city / county you live in. While the laws that pertain to tenant evictions are set out in...Read more »
Yes, you could redeem the house. As the previous attorney mentioned, you would attract scrutiny if this was a large transaction and you'd need to make sure the source of money was legitimate, and outside of the reach of the trustee if you did not do the redemption.
The lottery winnings should be yours, as long as they are won after your discharge. If you've just filed a Chapter 13, the discharge could be 5 years away. If the lottery win happened during the course of the Ch. 13, then the winnings would likely require that your chapter 13 plan be...Read more »
Many debtors in Chapter 7 get to keep all of their assets. As long as they can afford to keep them, debtors in Chapter 13 usually get to keep all of their assets. What you can keep in Chapter 7 all depends on what you have and the exemption laws that you can use to protect your assets. Some folks...Read more »
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