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adonis
Joined: 22 Oct 2005
Posts: 10531
Location: ALASKA
1085.02 Dollars($)
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Welcome Guest,
If he has filed bankruptcy, then you cannot force him to make the payments. He will get a discharge from the debts and won't be personally liable for them. If your name is mentioned on the mortgage/loan docs, then the lender will come after you in order to recover the debts.
_________________
Procrastination is the enemy of your financial success |
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autumn
Guest
0.10 Dollars($)
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Post subject: personal injury annuity |
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| is my personal injury annuity exempt from chapter 7 bankruptcy trustee |
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smithsussane
Joined: 18 Sep 2008
Posts: 10395
Location: Alaska
978.90 Dollars($)
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Hi autumn!
Welcome to forums!
As far as I know, the personal injury annuity can be taken away by the bankruptcy trustee .
Sussane |
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Breck
Guest
0.10 Dollars($)
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Post subject: BK Question |
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| Bankruptcy question, chap 7. Refinanced home in my name only. Wife is not on mortgage. Filing chap 7 jointly as most credit cards are in our name. Are we allowed 20k exemption on home because filing joint or 10k because wife is not on mortgage? State is GA |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Hi Breck,
As far as I know, you may be able to qualify for an exemption of $20,000 if married, and the property is solely owned by one spouse in the state of GA.
Thanks |
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maryjoh
Guest
0.10 Dollars($)
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Post subject: BANKRUPTCY AND TAX RETURNS |
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| i filed for chapter 7 and went to the 341 meeting. th trustee said we have to turn over ore tax return when filed.what if you don't have to file due to not making enough money.do i still have to file?is this the only return he can take or can he take prior years also? |
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Niicss
Joined: 03 Oct 2005
Posts: 4828
Location: New Jersey
507.92 Dollars($)
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As far as I know, the bankruptcy attorney won't be able to take the tax returns of the prior years. As far as filing taxes are concerned, it will be better if you could contact a tax adviser and take his opinion in this matter.
_________________
Good is the Enemy of Great. |
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need help
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0.10 Dollars($)
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Post subject: secured installment loan |
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If i have a sucured installment loan on jewerly and gave these as christmas presents and i cant give them back do i still have to pay the debt? Can they force me to pay? Or can they do a modified payoff and modified payments?  |
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Niicss
Joined: 03 Oct 2005
Posts: 4828
Location: New Jersey
507.92 Dollars($)
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You will be liable for paying off the loan. They will force you to pay off the loan. As you have used the jewelry as a collateral, then they will take away the jewelry in order to recover the debts. You can negotiate for a modified pay off but it will depend upon the lender whether or not he will agree to it.
_________________
Good is the Enemy of Great. |
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anonymous ONE
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0.10 Dollars($)
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Post subject: Two mortgages |
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| I have two mortgages. I'm going to be filing chapter 7. Will I be able to get rid of the lesser of the two mortgages on my home? Also, after I file chapter 7, will I be able to get on the making home affordable program? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Hi Guest,
You can get a discharge from both the loans provided you don't reaffirm the loan when you're in bankruptcy filing. Unless you reaffirm the loan, you may not qualify for home affordable program.
Thanks |
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kimikatt
Guest
0.10 Dollars($)
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Post subject: filing taxes after bankruptcy |
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| i received a bankruptcy discharge in august which included a rental, do i need a 1099 from my mortgage compnay to file my taxes? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10395
Location: Alaska
978.90 Dollars($)
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Hi kimikatt!
Welcome to forums!
As far as I know, you will receive a 1099c form from the lender as you have received a discharge of that debt in your bankruptcy filing. You will be liable for paying taxes on your forgiven mortgage debt.
Feel free to ask if you've further queries.
Sussane |
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twinky
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0.10 Dollars($)
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Post subject: bankruptcy and 2 homes |
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| I have 2 homes in IL couldnt sell one so its in foreclosure.The balance is 293000.I have credit cards 61000.My other home has 40000 in equity if i filed chapter 7 would i have to sell my house and give up the 40000?I was told i have to pay the credit cards back.Help me please i cant sleep anymore. |
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Jannie0
Guest
0.10 Dollars($)
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Post subject: car loan |
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| I have filed for chapter7 and the car lenders attorney is still sueing me for the car. I have called the the lender and they havent came for the car ...What t do? |
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