Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
That means the bank will not try to negotiate?
Or they will not ask me to pay?
Does that mean I have to wait for 7 years to get homeloan?
My credit showed closed unpaid-bkt.
some said 7 years..
What if bank ask me to pay the balance and I started to pay..then..would that be helpful to get a loan before 2 years?
After my ex's chapter 7 bankrupt, will the bank ask me to pay the remaining balance of the account(home equity line of credit account)?
Or after the bankrupt was completely finished, the home equity line of credit account will be totally closed and I have no obligation and bank will not ask me the payment?
I heard banks sue debtor if they don't pay their unpaid debt.
I am worried if that happened after my ex's chapter 7 bankrupt is done .
I don't think I need to go bankrupt.
I have car loan which is 2.6% interest. My credit score used to be 781 before my ex foreclosed a house and filed for bankrupt.
Now my score is 680. I have not had any missing payment at all..and I had paid credit card debt 11,000(which my ex spent under my name).
I used to have 20,000 student loan but this year I received federal government loan forgiveness. Government paid 17,900. I used to have 2 student loans but now one was totally paid off by the government and I paid the remainning balance so no outstanding debt. I currently have only car loan. I don't think bankcrupt is my option.
My only one unpaid payment is this loan which my ex filed for bankrupt.
Thank you so much for your help
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).