I have an auto loan in the state of wyoming. In my loan contract it states not to sell collateral. I foolishly let someone take over payments and planned to sign the title to them once payments were complete. They totaled the vehicle and now I potentially owe the full amount of the loan to the... View More
I did a loan modification after bankruptcy and paid two months but couldn’t pay it anymore. The mortgage company said I can do a short sale. Is it ok for me to try to short sale or should I just walk away?
* There is no equity in the house and a did not take any money when the... View More
I have judgments that originated in NJ 8 years ago as part of my family law case. The case was transferred to WY when the children and I moved here 5 years ago. Since the judgments are part of family action, should interest be accrued using NJ rates for all 8 years, or 3 years with NJ and 5 with... View More
If the debts were properly listed, the creditors failed to file a proof of claim and you received your discharge, the obligation to pay the debts were discharged. However, the liens on the collateral are still there as bankruptcy discharges debts but does not avoid liens unless you take certain...View More
A: Debt is not the only thing to look at when considering Bky. Income must be examined to confirm you pass the Means Test (income is compared to those in your community). You must also examine transfers/sales (court could reverse transfers or sales for less than market value) and exemptions (you...View More
A: Once you file the docs in the Fed court, you should put the case number on a Suggestion of Bankruptcy and file it in the State court. Otherwise, they will not know the Bky Stay is in effect.
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