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Hot Rod
Guest
0.10 Dollars($)
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Post subject: |
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| can i lose my pension and disability social security if I file chapter 7 bankruptcy? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Hi Guest,
As far as I know, the bankruptcy court will not be able to garnish your retirement pension, social security income or disability income.
Thanks |
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freddyj
Guest
0.10 Dollars($)
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Post subject: lottery |
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| can you cah in a lottery win under chapter 7 bankruptcy |
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Mortgage Mess
Guest
0.10 Dollars($)
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Post subject: Ex-husband filed bankruptcy - Can I still sell my home? |
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My ex-husband's name is still on my mortgage loan, even though he signed the property over to me nearly 10 years ago, via a deed of trust. I have lived in the property for 20 years, and have paid the mortgage since the divorce 12 years ago.
Nearly 2 years ago, my ex-husband filed bankruptcy, just as I began negotiations with my bank for a loan modification, because I was 6 months behind on payments. I have had to file for this loan modification 3 times now, due to problems with my ex-husband's bankruptcy.
I also filed bankruptcy 5 years ago.
Before I filed yet another loan modification request, Chase had sent me a notice of intent to foreclose (again!).
My question is this:
Can I sell my home now? Do I need to wait for the 2-year period to pass because of the bankruptcy, before I can sell? What penalties will I incur?
Feedback much appreciated, thank you! |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To freddyj,
You shouldn't cash out anything when you've already filed Chapter 7. If you've received a lottery, then you should surrender it to the trustee and he might use it to pay off the loan.
To Guest,
As you're 6 months behind on your mortgage, the lender has sent you a foreclosure request. You need to contact the lender and apply for a loan modification. If the lender does not agree to it, you can list the property for sale. If you get buyers for your property, you can sell off the property and use the sale proceeds to pay off the loan.
Feel free to ask if you've further queries.
Sussane |
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Platinum01
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Post subject: buying a home in chapter 7 bankruptcy |
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| I want to file a chapter 7 bankruptcy but my wife will not be filling. We are in the process of buying a home in which both of us will be under the mortgage lending. It is through a private investor. will this effect us getting or keeping the home if my creditors have nothing to do with my wife and she holds half of the mortgage? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Post subject: |
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Hi Platinum,
If you file Chapter 7 bankruptcy, then you won't be able to buy a property immediately. If your wife is not filing bankruptcy along with you, then she will be able to buy the new property by taking a mortgage in her name.
Thanks |
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anonymous1947
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Post subject: Chapter 7 Bankruptcy |
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| I filed bankruptcy chapter 7 in 2005. Since then I have had a lot of things happen. Hospital bills, a car that a dealer cheated me on. I cannot continue on the way I am going, I am 63 years old. Can I file Chapter 7 again now? |
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anonymous3684
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Post subject: 1st time home buyers credit |
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| My now ex-boyfriend and I bought a house together and split the $8000 first time home buyers credit. The closing was 2 years ago. I am getting ready to file chapter 7. Will I be responsible for the $4000 credit I received when I leave the property? He would be looking to keep the property but is not able to refinance, so if I leave the house he would be responsible for the mortgage. I understand that I would no longer be responsible for the mortgage as it would be included in my bankruptcy. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To anonymous,
A query similar to yours has been answered in the given page:
http://www.mortgagefit.com/bankruptcy/applyagain-chapter7.html
Take a look at it. I hope it will help you.
To Guest,
You will be obligated to repay the first time home buyers credit only if the property does not remain your principal residence within 36 months from the date of purchase.
Feel free to ask if you've further queries.
Sussane |
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Kamran
Guest
0.10 Dollars($)
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Post subject: credit counseling |
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Hi
I would need to file bankruptcy within 30 to 45 days. I wasn't aware of this requirement (credit counseling). What can I do now? Is there any solution to this?
Thanks |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Post subject: |
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Hi Kamran,
You need to get in touch with your bankruptcy attorney and take his opinion in this matter. He would guide you as to what steps you need to take in this matter.
Thanks |
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Alexandria
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Post subject: I filed BK in 2007 |
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| I have a rev loan with a Bank and I have paid on this loan since the BK I pulled my credit and all three CB show the loan as included in BK. What can I do. |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Post subject: |
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Hi Alexandria,
If you haven't included the mortgage in your bankruptcy filing, you should let the credit bureaus know about it. You should ask them to not report the account as included in bankruptcy filing.
Thanks |
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misslaura
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0.10 Dollars($)
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Post subject: taxes |
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| If I have filed bankrupt will the creditors or anyone take my income taxes. |
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