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NOT A DUPLICATE I asked a similar question earlier but am

NOT A DUPLICATEI asked a similar question earlier but am looking for a second opinion.When filing chapter 13 bankruptcy, is a credit card company that has obtained and perfected a judgment lien against the debtor considered a secured creditor? Should the credit card company's claim in this instance be considered secured?

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Phillips Esq.

Attorney

Juris Doctor

20,246 satisfied customers
I am a homeowner with close to $35,000 in credit card debt.

Good morning, I am a homeowner with close to $35,000 in credit card debt. I find myself in a deficit of about $250/mo paying mortgage, household expenses, and credit card payments. Would I be eligible for bankruptcy? Thank you,.

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Terry L.

Partner

Doctoral Degree

2,906 satisfied customers
I have the following debts: 42,000 student loan (Feds)

I have the following debts:42,000 student loan (Feds)14,000 car loan12,000 signature loan26,000 credit cardsI've been unemployed 5 monthsAssets:22,000 in pension account600 in Series e savings bonds2000 in stock and bonds account3200 in 401k1000 cashI do receive 1,900 in unemployment benefits a month but that will run out in 2 monthsIs it as hopeless as I feel it is? Should I file for bancruptcy now?

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mmdesq

Attorney

Doctoral Degree

1,044 satisfied customers
Credit Card debt. I'm in California my wife lives in France.

Credit Card debt.I'm in California my wife lives in France.IM filing for BK chapter 7. Separate from my wife.I stopped paying on a credit card in 2005. We got married in 2006.Cach LLC picked up the debt from BAnk of America and got a judgement in 2010 against me...will my wife be responsible for my debt if I BK.

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NYCLAWYER

Attorney

Juris Doctor.

39,146 satisfied customers
My brother and his wife declared chapter 13 bankruptcy in

My brother and his wife declared chapter 13 bankruptcy in April. They have a total of approx. 436K in secured claims against them and 197K in unsecured claims. The secured claims are their mortgage, IRS and NJ state taxes along with an auto loan. The unsecured claims are mostly credit card debt and a 70K business loan that I signed as a co-guarantor just before leaving the business to my my brother in May 2002. Between 2009 - 2015, he had used the entire business loan and had to close his business. During that time he leased automobiles and took trips that were not business related. After declaring bankruptcy, my brother and his wife decided to put their house up for sale thinking their house could more than cover the total of all claims. It's been on the market for 5 months and the asking price is less than the amount he owes in total. My question, at this time; since I was defrauded and left with the responsibility to pay back the business loan (I've paid monthly up to 15K to date since he filed), can the loan be changed to a secured claim so that it's guaranteed to be paid in full when he sells his house? He should get enough to cover just the secured loans.

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Roger

Litigation Attorney

Doctoral Degree

34,214 satisfied customers
My 87 year old mother has quite a bit of unsecured credit

My 87 year old mother has quite a bit of unsecured credit card debt with multiple creditors that she can't afford. I'd like to stop making payments and negotiate a debt settlement (20% of total). I understand this will damage her credit score and any debt written off could be considered income. If I'm offering a payment, can a creditor force my mother into bankruptcy or put a lien on her home?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,130 satisfied customers
When filing for bankruptcy as a business, which is an llc.

When filing for bankruptcy as a business, which is an llc. How does it affect you personally? Credit, assets, etc.

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legalg

Juris Doctorate

15,410 satisfied customers
Currently I'm residing in USA, I have few amount of Debt in

Hi currently I'm residing in USA , I have few amount of Debt in my credit cards , not sure whether I can pay my entire bill before I leave the country . Will it cause any issue for me in my home country whether Credit card company can have the collection agency in my home country .

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Law Tutor, Esq.

Lawyer

Doctoral Degree

336 satisfied customers
Its not really a bankruptcy question. Its more on

its not really a bankruptcy question. Its more on garnishments and judgments. Is Mr. Terry still the right lawyer to talk to?JA: What state are you in? And has anything been officially filed?Customer: Arkansas. and yesJA: Have you talked to a lawyer yet?Customer: nobody open on the days im available. I live in rural arkansas and we literally have 2 lawyers. One is half deaf :/JA: Anything else you think the lawyer should know?Customer: Does Mr Terry deal with garnishments & judgements or?

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Terry L.

Partner

Doctoral Degree

2,906 satisfied customers
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