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I might have to file Chapter 7,in Illinois. I own a

I might have to file for Bankrupcy Chapter 7,in Illinois.I own a property/condominium.The Exempt Equity in IL is $15000.If I have any equity remaining(after deduction of $15000 Exempt Equity),can I just ask the trustee that I can borrow money from family and friends,and pay the Equity amount,so that I can keep my home?Will they give me priority in paying,or they would just foreclose and sell it?

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TJ, Esq.

Juris Doctor (JD)

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I filed BK (ch 7) in the state of MD that was discharged in

I filed BK (ch 7) in the state of MD that was discharged in 2009. Included in that BK was a boat and boat trailer. I am currently trying to get a lien release on the trailer with the MVA. MVA tells me there is no way around a lien release (although the DNR removed the lien on the boat itself with the BK papers). When I call the bank that the loan is with now I'm told to provide them with an Abstract of Judgment but it seems like the Abstract is something the lien holder would file? How do I get this lien released?

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DrakeLAW

Juris Doctorate

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Does the filing of a chapter 7 bk in Calif stop a court

does the filing of a chapter 7 bk in Calif stop a court order to appear before the district court to show cause as to why documents were not given to irs?

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DrakeLAW

Juris Doctorate

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Let me ask my question again. Bankruptcy: Debtor filed

Let me ask my question again.Bankruptcy: Debtor filed Chapter 7 bankruptcy in 2015. They were told they could have listed the Late Fees and Back Mortgage payments on their bankruptcy for discharge; and they are considering re-opening their case to include the delinquent amounts. How is this information documented in an Amendedpetition on Schedule D?

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Terry L.

Partner

Doctoral Degree

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I'm in the process of beginning to file chapter 7

Hi,I'm in the process of beginning to file chapter 7 bankruptcy. I have an auto loan through my credit union as well as a credit card, and there is a cross collateralization clause in the membership agreement. I only owe $1200 on the car which is worth approx $4200. I am wondering what my best option to keep the vehicle would be. Could I redeem the car for the value of the loan to receive the clean title? Or would it be best to try and reaffirm the debt with the stipulation of waiving cross collateralization rights? Is there another option I might be unaware of?

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Terry L.

Partner

Doctoral Degree

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Story short, in 2010 my wife and I were granted a Chapter 7

Long story short, in 2010 my wife and I were granted a Chapter 7 and released from all our debt including the mortgage on the house where we live now, both my Wife and I are on the original 2004 First Residential Mortgage Fannie Mae loan It was then sold to Bank of America. In 2012 I (not my wife) modified the loan through Bank of America under HAMP, once again I am the only one that signed any of the paperwork from Bank of America for the HAMP agreement. As soon as I signed the agreement the mortgage was sold to Green Tree who serviced it up until September of 2015 at which time the Mortgage was sold to Ditech. All correspondence from both have been as debt collectors.In September of 2015 I quit making payments and Ditech is now foreclosing on the property and a decision will be made in the courts this month; neither Ditech nor the lawyer representing them will be at the hearing but I am considering going.Question - Ditech and their lawyer list both my wife and I as owing the same amount, yet my wife never signed the HAMP loan modification in 2012 and she was released from all debt in 2010. Is this legal?

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Law Educator, Esq.

Attorney At Law

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Can my pay be garnished by a default credit card judgment in

Can my pay be garnished by a default credit card judgment in new Jersey if I'm already being garnished by child support

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

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My home was discharged in my chapter 7 back in May of 2013.

My home was discharged in my chapter 7 back in May of 2013. I did not reaffirm the loan. I sense then have remained current on mortgage payments and remain in the home. I would like to buy a new house and was wondering if it would be possible to sell my current home without any issues because it was discharged? Or would i have to contact the mortgage company? I have quite a bit of equity and worry that the lender might stop accepting my payments and foreclose on the property to sell for a profit. Thanks in advance.

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DrakeLAW

Juris Doctorate

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I have a question regarding bankruptcy. My mom has listed

I have a question regarding bankruptcy. My mom has listed her home for sale in February...unfortunately she hasn't been able to sale it and she is falling behind on all of her bills. Would banduptcy be an option? She filed bankruptcy about 15 years ago...

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Texas Atty

Juris Doctor

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