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adonis
Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA
1042.50 Dollars($)
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Hi Raitri,
I can understand that you are facing a tough situation. However, why do you plan to file bankruptcy? Is it just because of your mortgage dues or are there other debts as well? If you want to file bankruptcy because of the mortgage dues, it's better to contact your lender and apply for a loan modification. The lender would give you an affordable plan to pay off the loan and you'll also be able to save the property.
You can file bankruptcy yourself but it's always better to take the help of an attorney while filing it. You may take the help of your friends or relatives and try to arrange for the money in order to hire an attorney.
_________________
Procrastination is the enemy of your financial success |
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ducer
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Post subject: inheritance |
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Hello my name is ducer
What happens if I am listed on a thrust and I file chapter 7 |
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pawhit
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0.10 Dollars($)
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Post subject: who decides the fair market value of home |
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| How is the fair market value of the property decided? Homes our not selling for what they did years ago. Is it by the tax appraisal? |
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anonymous1
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Post subject: bankruptcy questions |
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| I filled chapter 7 an dit was discharged in september. I didn't reaffirm a debt when I filed bankruptcy and no longer have the items, and now they want them back. What should I do? |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Hi ducer,
If you've received the property as your inheritance, you will have to list that as your asset. There are chances that the trustee would sell it off to pay off your creditors.
To pawhit,
You will have to contact a property appraiser and get it appraised. This will help you know the fair market value of the property.
To anonymous,
If you did not reaffirm your debts, you are not personally liable for it. The lenders cannot force you for the dues.
_________________
Good is the Enemy of Great. |
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anonymous #50
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Post subject: what if you own land with your homestead, can you file ? |
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My sister and her husband own land with their homestead, can they keep the land and still file without losing it? He has MS and they have 2 adopted children with Autisim and have inrecredible medical expenses.
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Post subject: |
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| I guess your sister and her husband will be able to file bankruptcy. However, they should consult a bankruptcy attorney and he would guide them as to which chapter of bankruptcy would be best suited for them. |
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mery
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| can i wake a way from bancropsy and how much time do i have to wake a way after i file for bancropsy |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Your query is not clear to me, Mery. It will be better if you could explain your query in details.
_________________
Good is the Enemy of Great. |
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Louise
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Post subject: PURCHASING SECOND HOME WITH PAST BANKRUPTCY |
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| My husband and I would like to purchase a new house built from the ground up and that is larger than our current one. We filed bankruptcy in 2003 and it was discharged the same year. We both have secure jobs but have some credit cards we want to pay off before we move in. We pay more than the minimum on all the accounts and on time. What advice could you give us to help pay off the cards quickly? Also, would the previous bankruptcy affect our chances adversely on qualifying for a new mortgage loan? |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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webbo
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Post subject: wifes debt |
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hi samantha
i am about to be discharged from bankruptcy but can i be held liable for my wifes debt once this happens as they are in joint names?
dave |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Have you included the joint debts in your bankruptcy filing? If yes, then you would be discharged of those debts but the creditor can contact your wife for the payments.
_________________
Good is the Enemy of Great. |
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Scotty
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Post subject: chapter 13 |
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I just want to stall my home foreclosure a little longer. The home is scheduled to be sold on the court house steps the 6th of april.I just want an extra week or 2.Is it possible to file a chapter 13 and stop the sale april 6th and then withdraw the chapter 13 to buy time? I tried to work with the mortgage servicer to no avail and even tried to do a deed in Lieu but they are no help  |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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I do not think your plan would be considered as legal. You may get penalized for it. Rather, I would suggest you to contact your lender and negotiate with him so that he gives you a week's time. May be your lender would consider your request if you are able to convince him.
_________________
Good is the Enemy of Great. |
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