Join the 9 million people who found a smarter way to get Expert help

Recent Exemptions questions

My wife and I are separated, by mutual decision. We live in

My wife and I are separated, by mutual decision. We live in different states. I am in MI and she is in MS. We jointly own a home in IL which is in foreclosure and need to file bankruptcy. How can we do this and where do we start?Thank you!

Read more

Alex J. Esq.

Managing Attorney

Doctoral Degree

star-full
21,532 satisfied customers
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?

Read more

TJ, Esq.

Juris Doctor (JD)

star-full
10,342 satisfied customers
Regarding my previous question: Would it be possible to

Regarding my previous question:Would it be possible for me to transfer 100% my property to my husband(or somebody else),and then file BK by myself?Would the property be protected this way from BK 7?Or the Bankruptcy Court would Object to this,as its done only to protect my property equity?

Read more

DrakeLAW

Juris Doctorate

star-full
418 satisfied customers
I 't know if I've selected the correct lawyer - My mother

I don't know if I've selected the correct lawyer -My mother called me with a debt collector on the line, my mom hasn't handled any of here of here own finances 2002, she my dad passed, at the time she could of handle her own affairs but ask me to do it - today at 72 yrs old she doesn't has the ability. The last time this happen was in March when old tax bill that I forgot (I also had 3 strokes and on disability as well) from MA went several years with nothing and then a letter with to garnishment from the MA DEPARTMENT OF REVENUE was attached, we are in a repayment plan. I not trying to dodge a bullet. am correct in I state and federal taxes can attached social security & pension ?My mother does get social security and a widows pensions from my father whom worked for GM. She had nothing in the bank, no savings not a dime and live paycheck to paycheck, over the last few years when I got sick and they garnishment my wife she helped us paying for our childrens day care so I could go to physical therapy to learn how to walk and talk again, She doesn't even on a car, she , she lives very modestly about 3 hrs away and on her own (something I am not sure that she will be able to continue to do) she is in poor health and really has nothing. The debt service call was about a judgement in 2010 for $16000 , I'm not quite sure how, I believe it was through 'default' - in the past I have appeared for her and handle these things but I can't remember this one, neithern can she - I have looked at the court records and the debt was filed one in my county not hers (Port St Lucie) it states she was spoken to by phone - I know it doesn't matter that neither of us remember this account or the court hearing because the have a judgement -which there trying to collect on it. Of course I can't settle the judgement because I can't payout a lump sum or have the ability to make a reasonable effort to make a payment arrangement on the judgement, apparently at the time I / we was paying a $100 a month on the debt but I stopped that was all they would tell me, she owns her house she is upside down in, her credit is aweful - while I was on the phone with the debt agency she stated "she has good credit, she owns a house, she has a car ' and trying to tell her this isn't true, but of course they don't want to hear it. The judgement paperwork states speaking with her the phone at the time the hospital for 22 months after a car accident I think that's why no remembers this debt or the account it's attached to, but I do know I can't fight the judgement and even if I couldn't I don't have the money for legal representation. So I have no idea what to say, we have always tried to help each other,my wife and I are racked up to our eyes with our own debt issues and we have just recently had to make several repayment deals because while I'm disabled it is tough for them to attach me (and my mother was disabled before she hit retirement age) but my wife keeps getting garnished and we keep paying because we can't come up with a bulk amount to start a better repayment plan and the cycle keeps going, I just wanted to give you a better scope of what is going on, if I had it's I would give it to her, my mother even gets meals on wheels I would sincerely ***** ***** as I did tell the debt agency collector I would contact her today, can they just 'dig up a judgement ' any time and force collection ? Should I tell them she is paying a state tax lien, the state / gov garnish social security wages ? I have nothing to offer I can't even make a constructive repayment schedule. I would tell her to go to bankruptcy court and file but I am afraid that she won't pass the way and means tests as I have run the numbers and she barely has -$300 a month because of the pension income, the debt agent stated that she must have something must of happened because they don't just reopen these thing for nothing, I was also told there is no statue on judgements, I lost half my collective brain capacity during my illness.Is there any way I can keep this from be publicly posted ?All help would be sincerely appreciated,

Read more

Texas Atty

Juris Doctor

star-full
34,726 satisfied customers
If i file, do I loose my vehicles and time share property

if i file for bankruptcy, do I loose my vehicles and time share property and must put all creditors on list. Also I filed 12 to 15 years ago

Read more

Texas Atty

Juris Doctor

star-full
34,726 satisfied customers
Im a law clerk at a government agency looking into

Im a law clerk at a government agency looking into bankruptcy issues. Years ago we filed a Proof of Claim on a company that had filed ch 11. The BK has since been terminated (in 2015), not sure what that means since the case was terminated rather than discharged. Do we have a claim here? How would we collect? Or what happened to the debt owed to our office?

Read more

DrakeLAW

Juris Doctorate

star-full
418 satisfied customers
I have to file Bankruptcy Chapter 7. My only concern is to

I have to file Bankruptcy Chapter 7.My only concern is to keep my condo.My mortgage balance is 65K.A very very similar unit sold in my building with 95K(closing was last week).But it was a foreclosure.Still,its been on the market for a long time...In IL ,there is a $15000 exemption,so 65K+15K=80K,which would leave an Equity of about 95K(if this would be the Appraised value)-80k=15K.I am willing to borrow from family and friends,the 15K and give to the Trustee,for keeping my home.I heard that a Bk Trustee would look on Zillow to determine equity.Or would they hire an APPRAISER?If they look on zillow,then my home is overpriced,since zillow does not take into consideration foreclosure sales.In case the Bk Trustee estimate a value that I think is too high,can I hire an Appraiser and give the Appraisal report to my Bk lawyer to show the trustee?What should I do?

Read more

DrakeLAW

Juris Doctorate

star-full
418 satisfied customers
MY spouse is going to file bankruptcy. She has lived in

MY spouse is going to file bankruptcy. She has lived in Florida for over a year. She owns a home in Ohio where we moved from that is in foreclosure. I own my house in Florida, the mortgage is in my name only. She is confused because lawyers in Florida tell her to file in Ohio since she doesn't have property in Florida and Ohio lawyers tell her to file in Florida since she has worked there for over a year. She currently still has an Ohio drivers license. She is retired, small public pension, and works part-time. All of her debts are hers, no joint debt. Where should she file? Thank you.

Read more

Taylor

Attorney

Juris Doctor

star-full
276 satisfied customers
Q1. Do I own my home or not? Q2. How much do I owe on it?

Q1. Do I own my home or not? Q2. How much do I owe on it? Details: Mortgaged home in Jan. 2009 to Taylor Bean & Whitaker. More or less a year later TBW declared bankruptcy, and we were advised to make our payments to CENLAR. Then, in 2012 we moved from Calif. to Utah where we rented while at the same time renting our home out in Calif. Then, in 2013 we had to take out BK ch. 7, and declared our intent / desire to retain our home. The BK Court allowed us to do so because at that time the market value of the home was less than the balance owed on the mortgage. Cenlar knew all about this, and continued to take our mortgage payments. In Feb., 2015 they transferred our loan to NationStar and we began making payments to them. My confusion / doubt stems from: ***** 2015, Cenlar reported to Equifax & Transunion that our loan was closed in the ch. 7 BK. This, to me, is a flat out lie. In addition, NationStar refuses to report our unblemished payment history to any of the credit bureaus unless we sign a paper reaffirming the debt. This, to me, is totally unnecessary because the mortgage loan was never a part of the BK. We specifically requested and were granted an exception. Nevertheless, we are now preparing to sell our home in Calif. and (hopefully) buy another in Utah (the home's value has gone up quite a bit since 2013). I do not want anything to go wrong during the discovery phase of escrow, once we get a buyer. Perhaps by some weird loophole in the law or time limit or something we have lost title to the home, and CENLAR / NationStar are simply continuing to take our money, either dishonestly or out of ignorance. I need to know for sure what our legal status / position is. Thanks.

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

star-full
45,524 satisfied customers
View more bankruptcy law questions
In The News