| Author |
Message |
adonis
Joined: 22 Oct 2005
Posts: 4719
Location: ALASKA
255.10 Dollars($)
|
Post subject: |
|
|
Hi Raitri,
I can understand that you are facing a tough situation. However, why do you plan to file bankruptcy? Is it just because of your mortgage dues or are there other debts as well? If you want to file bankruptcy because of the mortgage dues, it's better to contact your lender and apply for a loan modification. The lender would give you an affordable plan to pay off the loan and you'll also be able to save the property.
You can file bankruptcy yourself but it's always better to take the help of an attorney while filing it. You may take the help of your friends or relatives and try to arrange for the money in order to hire an attorney.
_________________
Procrastination is the enemy of your financial success |
|
 |
ducer
Guest
0.10 Dollars($)
|
|
Post subject: inheritance |
|
|
Hello my name is ducer
What happens if I am listed on a thrust and I file chapter 7 |
|
|
pawhit
Guest
0.10 Dollars($)
|
|
Post subject: who decides the fair market value of home |
|
|
| How is the fair market value of the property decided? Homes our not selling for what they did years ago. Is it by the tax appraisal? |
|
|
anonymous1
Guest
0.10 Dollars($)
|
|
Post subject: bankruptcy questions |
|
|
| 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? |
|
|
Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
|
|
Post subject: |
|
|
Hi ducer,
If you've received the property as your inheritance, you will have to list that as your asset. There are chances that the trustee would sell it off to pay off your creditors.
To pawhit,
You will have to contact a property appraiser and get it appraised. This will help you know the fair market value of the property.
To anonymous,
If you did not reaffirm your debts, you are not personally liable for it. The lenders cannot force you for the dues.
_________________
Good is the Enemy of Great. |
|
|
anonymous #50
Guest
0.10 Dollars($)
|
|
Post subject: what if you own land with your homestead, can you file ? |
|
|
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 |
|
|
Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
|
|
Post subject: |
|
|
| I guess your sister and her husband will be able to file bankruptcy. However, they should consult a bankruptcy attorney and he would guide them as to which chapter of bankruptcy would be best suited for them. |
|
|
mery
Guest
0.10 Dollars($)
|
|
Post subject: |
|
|
| can i wake a way from bancropsy and how much time do i have to wake a way after i file for bancropsy |
|
|
Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
|
|
Post subject: |
|
|
Your query is not clear to me, Mery. It will be better if you could explain your query in details.
_________________
Good is the Enemy of Great. |
|
|
Louise
Guest
0.10 Dollars($)
|
|
Post subject: PURCHASING SECOND HOME WITH PAST BANKRUPTCY |
|
|
| 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? |
|
|
Niicss
Joined: 03 Oct 2005
Posts: 3227
Location: New Jersey
509.11 Dollars($)
|
|
|
Previous 1 2 3 4 5 6 7 8 9 10 11 12
