How to get debt-free with Bankruptcy

Samantha · Posted: Sat Jan 07, 2006 12:31 pm Post subject:

Hi Willnjoy,

Welcome to MortgageFit Forums.

I don't feel there is any fault on your part to be charged for. This is really painful to see that in spite of making payments on a regular basis you are having tough times.

I shall advise you to talk to your attorney and get the evidences of your payments. He can suggest the best possible way to explain things in the court in full.

Since you are honest and sincere in your approach, there is no reason the court will force you anything. Things should be explained clearly and convincingly.

Take help of your attorney always in the process and I sincerely believe that you will come out successfully from this problem.

God bless you,

For MortgageFit,
Samantha

Guest 0.10 Dollars($)

I live in Arizona and I am thinking about bankruptcy, but I have been paying IIM for the past 6 months and I still do not see any changes. It will take me until 2012, I think, to pay off my debt of $12, 000 or more. Any advice?

Samantha · Posted: Fri Feb 17, 2006 1:43 pm Post subject:

Hi,

Welcome to MortgageFit Forums.

Can you be more elaborate on why you are thinking about bankruptcy?

God bless you.

For MotgageFit,
Samantha

Guest 0.10 Dollars($)

i have a credit card that i fell behind ion the company has hired an attorney to settle this dept, they want to go to court, they will not work out a pymt arrangement, my name is on the house the morg. is in my husbands name, can they put a lien on the house or come after my husband, the card is in my name only.

colin · Posted: Wed Jul 26, 2006 4:32 pm Post subject:

Hi,

The company cannot claim your house. However, they can have a lien put on it. The reason is that if the house is ever sold, they get their money.

jameshogg · Posted: Wed Jul 26, 2006 4:37 pm Post subject:

Hi Kay,

Don't get scared. The primary mortgage holder can only force someone out of the home which requires foreclosure proceedings in the court.

The most that a CC company can do is to get a judgment from the court against you and put a lien on your house.

Guest 0.10 Dollars($)

hi again, what is i do a quick claim, the card is in my name only, can they go into our checking account?

jameshogg · Posted: Fri Jul 28, 2006 1:29 pm Post subject:

Hi Kay,

Transferring your property will not free you from your liabilities. You can quit claim the house but your debt remains as it is.

So far it remains outstanding your credit is going to be damaged severely. Why don't to take your time and make a fresh budget to start paying off your CCs?

Why are you in such panic? Smile

James

Guest 0.10 Dollars($)

i spoke to a lawyer yesterday, he told me since im being sued by a cc company i shouldnot quitclaim my part of the house to my husband because they will come after him, i dont know how they can do that hes not responsible for my dept.

Guest 0.10 Dollars($)

Hi,
As you people have a mortgage on the home, first the company will have to pay off the lender on your home and then foreclose, but under most conditions they will not be able to foreclose as long as you keep the payments regular to your lender.

Caron · Posted: Tue Aug 08, 2006 8:59 pm Post subject: RE: Credit card payments

Hi Kay,

There is no need to quit claim the property. The credit card company can only place a lien on your property if the legal document states that the card is secured by your property.

Similar will be the case with your checking account. If the document states that on default, money will be retrieved from your checking account, then only the funds from your account can be used to repay the credit card debt.

Thanks,

Caron.

Guest 0.10 Dollars($)

hi again, in court if i set a payment arrangement can they put a lien on my property, i am not on the loan i was put on the house as a gift, the card is in my name only, i dont understand if a quitclaim my share to my husband, how can they go after him its not his dept?

Caron · Posted: Wed Aug 09, 2006 8:39 pm Post subject: RE: Can there be lien on house?

Hi Kay,

Welcome back.

If you set up a payment arrangement, then you can prevent collection. But in no way can they put a lien on the property. Even if you quit claim your share to your husband, I don't think they should go after him. This is because the card is in your name after all.

Thanks,

Caron.

Guest 0.10 Dollars($)

hi again, the lawyer told me if i quitclaim my half to my husband, they can come after him, its a fraudulant act, and i no longer will be exempt, i received papers from the sheriff they are suing me for the dept on this credit card, will they put a lien on my property if i make a pymt arrangement with them to secure the arrangement? Embarassed

Caron · Posted: Mon Aug 14, 2006 9:14 pm Post subject: RE: Credit card payment default

Hi Kay,

If you make a payment arrangement with the credit card company, I don't think they will put a lien on your property. Also, you have a mortgage against the house, and the lender can put a lien when you default on the mortgage payment.

Thanks,

Caron.

All times are GMT - 7 Hours
Previous 1 2 3 Next
Page 2 of 3