My house was sold at a sheriff sale and the redemption period was almost up when I filed chapter 13 bankruptcy which gave me 60 additional days for redemption. I had several buyers but one signed a purchase agreement and was preapproved with a VA loan, however the VA or company selling the house... Read more »
My construction company in MN fell behind (later to find due to an employee writing fraudulent checks) and was convicted of two counts of felony theft by swindle and one count of nonpayment to subcontractors. Prior to these convictions I filed bankruptcy and included both home owners and... Read more »
Husband charged up card in my name. No big deal til he quit paying. I cannot afford the huge payment. I want to file for divorce due to emotional,financial and verbal abuse. 3 kids stuck in the middle of this big mess. Summons showed up from the people who bought the debt. Tried to settle but they... Read more »
They are offering a one time option of cashing out. $100,000 or monthly payouts of $500. Or rollovers. If I take cash or monthly payments. Do I have to tell them?Will they find out? Do they get any of the money ?
We fell behind on payments because I am trying to get our cc debt paid off, but then our loan payments and mortgage payments fall behind. We’re thinking about filing a Chapter 7, but we’re very worried we won’t be able to keep our house. We have a disabled child and need to stay in a stable... Read more »
Whether you can keep the house depends on many factor, including value, amount of mortgage, equity, etc. consult a local bankruptcy attorney who can assess your situation. Taxes more than 3 years old mayb dischatgeble.
While you did not have personal liability on the card as an authorized user you should be fine if you can show that you incurred the charges. While you have to disclose payments made within 1 year before filing bankruptcy on account of a debt that benefited an insider, here you made the charges....Read more »
This question cannot be answered with the limited information available in your question. Contact a local bankruptcy attorney and schedule a consultation. A local bankruptcy attorney will be able to advise you on bankruptcy exemptions. In other words, the amount of property a person is able to...Read more »
I cannot remember exact time frame, but before we married I did a debt consolidation loan and am trying to pay that off... Almost 5 months into marriage and I have managed dig myself back to where I was before the loan.. I had great credit and now i am ruining it with late payments and such. I... Read more »
You have asked this in the Bankruptcy forum which indicates that you are thinking about that. The best thing to do is to consult with a local bankruptcy attorney. Many probably offer free initial consultations. Chapter 7 bankruptcy might be an option for you, or you may be required to file a...Read more »
The filing fee for a Chapter 7 bankruptcy case is $335. Depending on your financial circumstances, you may be allowed to pay this fee in installments or receive a waiver. You will also be required to complete credit counseling before filing. The cost varies depending upon the provider, but is...Read more »
Our Divorce Decree from 10 years ago has my ex owing me 1/2 the equity in the home she lives , as assessed at that time, plus interest, which has come due this year. A few years ago, I let my ex do a refinance without having to pay me back, but in order for them to approve it, they wanted my lien... Read more »
If your ex files a chapter 13 case, the chapter 13 trustee does not pursue the collection of a preferential transfer. Instead, the chapter 13 debtor is required to pay the amount that a chapter 7 trustee would be able to pay unsecured creditors had she filed a chapter 7 case and the trustee sued...Read more »
We are in chapter 13 banctruptcy and have exhausted all options through our lender. They want to get a petition to start foreclosure proceedings. Is there anyway to fight this? We make enough money to pay our mortgage and repay the payments we are behind on but not in a short period of time.
Are you complying with the terms of your Chapter 13 Plan? In any case, the lender would first have to file, in bankruptcy court, a motion for relief from the automatic stay, and have the motion granted. Has this happened?
My ex husband is responsible for half of the debt incurred during our marriage, however he is now threatening to file for Chapter 7. He has the ability to move the joint debt to a credit card in his name only, but is refusing. I am in the process of buying a new home and selling the home we held... Read more »
It sounds like there are two separate issues in play here. First, one spouse being ordered to pay joint debt in a divorce case generally does not relieve the other spouse of the obligation to pay that debt--the divorce court has no power to alter the terms of the contract with the original...Read more »
I filed bankruptcy in 2010 with my husband & they started the process, reported it to all of my credit cards and had all of the paperwork filled out. After we were about 3/4 way through the process my attorney informed me that my 7 year time frame wasn't up yet since my last bankruptcy.... Read more »
You initially say that you filed bankruptcy and then later say that it was "never filed and discharged," so the situation is a bit unclear. If no bankruptcy case is filed, there is no public record and thus should be no credit reporting. Sometimes, when a spouse files and there are joint...Read more »
We are considering bankruptcy because of high credit card balances we can't get out from under, but I am worried about my wedding ring. It cost about $2,000 when we got married 7 years ago, and I don't want to lose it.
It's the value of the ring today that counts, not how much it originally cost.
The Minnesota bankruptcy exemption for a wedding ring is up to $2,817.50 in value. In simplest terms, that means that a person filing for Chapter 7 bankruptcy may keep a wedding ring valued at up to...Read more »
A: A Bankruptcy discharges prepetition debts. This means you no longer have a legal obligation to repay them. However, certain debts are not dischargeable, such as student loans, Child/Spousal Support, Taxes and Debts relating from a DUI. Unless there is unexempt property, usually a Creditor...Read more »
A: This can be viewed as a “Fraudulent Conveyance with the Intent to Defraud your Creditors”, unless you receive market value consideration and can show what you did with the funds. In a Bky a Trustee can consider the transfer void and proceed against the property and/or the new owner.
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