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answered on May 10, 2022
There is no minimum income level needed in order to file bankruptcy.
I am looking for an alternative to Bankruptcy. Chapter 13 doesn't work for me it seems to expensive. Chapter 7 seems like my only way. I do have a Bankruptcy Lawyer but looking for a second opinion. I own a Condo and a vacant lot. I don't have any other assets. Since Covid having problems... View More 
answered on Oct 5, 2021
Debt settlement may be OK but do not forget that you will get a 1099 tax form from each creditor that you settle with. Any reduction in debt or debt forgiveness will be treated as a "taxable event" and you will have to pay income tax next year on every penny that you save. In bankruptcy,... View More
THE SETTLEMENT IS FROM ROUND UP DUE TO GETTING LYMPHOMA....
answered on Feb 3, 2021
Yes, assuming that the claim or injury occurred prior to your filing for bankruptcy then this must be disclosed to the Trustee. It is always best to report it to your attorney and have her or him contact your Trustee.
If I am not a homeowner but rather I rent, am I still eligible to use the unused portion of the homestead exemption with the federal wild card exemption or must you own a home to even qualify to be given that option... Thank You
answered on Aug 31, 2020
The enhanced personal property exemption or "wild card" was designed to be used for people who do not claim a homestead exemption because they rent or live with somebody or just don't own a home for any reason. Interestingly, you can own a mobile home and also get the enhanced... View More
investmnt fast forward to 2020 we want to apply for a loan do we use our discharge date or the forclosure date from the investment property ?
answered on Aug 27, 2020
It typically takes about a two year period from the date of the filing of your case (not discharge) in order to be approved for a FNMA or VA mortgage. Your mortgage broker may have a different opinion of course and these policies do change from time to time. I wish you the best of luck in... View More
2 years out of work and finally received SSI Diasbility but deeply in dept.
answered on Aug 27, 2020
Sorry to hear about your disability. Whatever amount you get is seldom enough to survive on.
You should definitely get an attorney but some attorneys offer a free consultation (at least I do).
Even if money to hire a lawyer is tight you can always file a Chapter 13 case with a... View More
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