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RAD500aday
Guest
0.10 Dollars($)
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Post subject: BK Again |
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| I filed for BK in 2005 and it was discharged in 2007 in MN. I added my name to 2 of her cards to regain credit. I am not responsible for the debt on those cards. My wife will be filing in 2010. Can I file again with her or am I supposed to wait 7 years? I assume I will be fully responsible for the debt on her cards. |
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mizzparker45
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0.10 Dollars($)
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Post subject: How soon will the bank repossess my house? |
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Hi Jessica,
My chapter 7 bankruptcy was recently discharged. I included my house (2 mortgages) because it is upside down. I lost income and cannot afford the mortgages anymore and am trying to 'short sell' the home. My realtor just informed me that the bank may not allow it. Does the bank have to notify me in writing before repossessing the property, or can they just come slap a padlock on my door any time? I'm packing as fast as I can to get out of here, but am fearful. I live in California. Thank you in advance,
Terri |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Post subject: |
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Hi RAD,
You won't be able to file bankruptcy now. You'll have to wait for 8 years after your previous bankruptcy filing in order to file it again. If she files bankruptcy, then she will be discharged of the debts. Thus, you'll become liable for the mortgage debt.
Hi mizzparker,
If you haven't reaffirmed your debts and if you're not paying your mortgage dues, the lender has the rights to foreclose the property after bankruptcy discharge. It'll be lender's discretion whether or not he would agree to your request for a short sale. The lender will send you an eviction notice and may give you 3 days time to leave the property.
Thanks |
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dammed
Guest
0.10 Dollars($)
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Post subject: |
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i'm filing chapter 7 can i still work a second job?
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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RAD500aday
Guest
0.10 Dollars($)
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Post subject: BK Again |
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| Thanks for responding. You are helping a lot of people. Thanks! |
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llin hell
Guest
0.10 Dollars($)
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Post subject: Trial Mod and bk 7 |
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So I have been Trial Mod stage for almost 8 months and I really need to file BK 7. I have two cards I can't pay and possibly the second mortgage that I wont be able to afford. Will this hurt my efforts to permanently modify with Bank of America  |
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jeanloo
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0.10 Dollars($)
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Niicss
Joined: 03 Oct 2005
Posts: 4828
Location: New Jersey
507.92 Dollars($)
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Post subject: |
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To Guest,
You can go for a second job though you are filing Chapter 7 bankruptcy. However, you need to check out that your income does not exceed the state median income. Unless you clear the Means Test, you won't be able to file Chapter 7.
To llin,
If you file bankruptcy, it'll affect your chances of qualifying for a loan modification. The lender will stop dealing with your mortgage account until you're discharged of your bankruptcy filing.
To jeanloo,
You'll have to wait for 8 years from your previous filing in order to file Chapter 7 once again.
_________________
Good is the Enemy of Great. |
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zo
Guest
0.10 Dollars($)
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Post subject: |
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| what if you have been discharged from chapter 7 and the leinholder hasn't come to repossessed the vehicle for 2 years now, can i just keep it and buy insurance for it |
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jcinmass
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Post subject: Chpt 7 assets |
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| My ex-husband had an order requiring I pay him certain amounts for various things as part of our divorce. He didn't list these amounts as assets on his schedule when he filed for bankruptcy, nor did he list a paid-in-full time share we owned that he got in the bankruptcy. Immediately after his discharge he sued me for contempt for not paying him these amounts. Did he commit a fraud on the court and is he stopped from collecting these amounts from me because he hid them from his creditors? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2703
Location: MICHIGAN
428.89 Dollars($)
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Hi zo,
The lender still has the rights to repossess it. If you want to get rid of the property asap, you should contact the lender and ask him to foreclose the property. This will help you in getting rid of the property.
To jcinmass,
Your ex-husband should list all his debts and assets while filing bankruptcy. If he has not done so, then it will be considered as fraudulent. You should contact an attorney and check out whether or not he will be able to claim the dues from you.
Thanks,
Jerry |
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purplequeenfly
Joined: 05 Oct 2010
Posts: 3
1.64 Dollars($)
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Post subject: chapter 7 |
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| I'm thinking about filing for chapter 7, I have land that a family has been paying for becaue I was not able too, so I let them have it and have not signed it over yet to them.can I have this land exempt from chapter 7? I also have the home I'm living in and understand that this home I'm living in can be exempt in the bankruptcy |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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dontknow
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0.10 Dollars($)
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Post subject: Chapter 7 |
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| I'm filing for chapter 7, My question is they have a judgement againist me which they garnished my checking account and saving's account. I have 30 to 45 days to answer. Now they are trying to granish my pay. If filing will I be able to gain my accounts back and stop the granishment of my pay. I have no assets, I rent my home, I have a title loan on my car since they froze my accounts. I'm just confused about how chapter 7 works. |
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UNDer water
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0.10 Dollars($)
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Post subject: Foreclosure, bankruptcy, liens |
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| If I allow my house to get foreclosed on the first mortgage gets paid, They will never recoup enough to pay the second. The second was a charge off given to a third party. I also have a lien from Midland which they bought from WAMU. Plus a small lien from someone else. My question is this: If they foreclose then the liens get wiped away? However I am still liable right, they can come after me I am correct? So if I allow them to foreclose, then file bankruptcy chapter 7. Will I not get relief and the debts will be discharged? I am disabled and cannot afford an attorney right now what do you suggest. Oh and I lived in Iowa the past 10 years but had to move to Wisconsin. |
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