Bankruptcy Law

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Related Bankruptcy Law Questions
I wanted to seek advice regarding Bankruptcy and if it is
Hello,I wanted to seek advice regarding Bankruptcy and if it is the best option for me.Facts about my situation:1. I am currently on private insurance along Term Disability since February 2020 limitin… read more
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If a wife (still married) gets a credit card in their name
If a wife (still married) gets a credit card in their name only and files individual bankruptcy in Texas is the husband liable for the debt if he didn't use the card? If you choose not to pay you unse… read more
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I'm thinking about filing bankruptcy. I have a home with
I'm thinking about filing bankruptcy. I have a home with mortgage, how will this effect that?… read more
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I am preparing to file Chapter 7 bankruptcy very soon. I am
I am preparing to file Chapter 7 bankruptcy very soon. I am upside down in my car loan. The payments are $600.00 monthly and I owe $21,000 on this car loan. I have decided to surrender this vehicle in… read more
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Good morning Robert JDFLI have a few more questions please.
Good morning Robert JDFL I have a few more questions please. In my previous question, I was concerned the HOA could take his car for his outstanding balance due which I don't think he can pay back. We… read more
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I have a house and four rental houses and 1 rental apt with
I have a house and four rental houses and 1 rental apt with 4 apts. I'm in serious financial trouble and in danger of loosing all. Is Chapter 13 bankruptcy a viable option? why? will I be able to keep… read more
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Can I file chapter 7 to get rid of credit card debt and a second
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I am currently paying out in credit cards & bills just over
I am currently paying out in credit cards & bills just over 5000 a month (including my house payment) I'm not behind on anything but I only make 4800 a month, I have been borrowing from parents. Is ba… read more
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I currently have over $100,000 in unsecured debt between my
I currently have over $100,000 in unsecured debt between my wife and I and a secured second mortgage on my home. I am retiring from the military in less than 90 days and will take a 50% pay cut and am… read more
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WebLaw: I filed a Personal Chapter 7 in the state of Florida.
WebLaw: I filed a Personal Chapter 7 in the state of Florida. My wife and I own our principal home (homestead) in tenancy by entireties. I received a request from Suntrust Bank to reaffirm my debt obl… read more
socrateaser
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My husband and I were told by our accountant that we should
My husband and I were told by our accountant that we should file bankruptcy. Our situation is as follows: Currently we are upside down in our home. We owe $250, but it's worth is about $182. Fifty-tho… read more
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I have been sued by a credit card company. I have 20 days
I have been sued by a credit card company. I have 20 days to supply the answer. I am weighing whether to file Chap 7 or Chap 13 Bankruptcy. I have some farmland and tractors and implements. Also, have… read more
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If I file for Chapter 7 bankruptcy will I lose my home I had
If I file for Chapter 7 bankruptcy will I lose my home? I had to take an early medical retirement and my pension is roughly 1/3rd of what my income used to be. Consequently I've fallen behind in my mo… read more
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Am trying to do a short sale on a home I am about 80k upside
Am trying to do a short sale on a home I am about 80k upside down on. The bank has not agreed to forgive the balance, but will expect me to sign a deficiency document of some sort. If I do a voluntary… read more
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We have a significant amount of debt that we were paying off.
We have a significant amount of debt that we were paying off. Then are family income droped about 40%, and we can't afford to pay the creditors at the moment. I want to emphasize, at the moment, becau… read more
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How do you know whether to file Chapter 7 or 13 Can you keep
How do you know whether to file Chapter 7 or 13? Can you keep a credit card with a balance on it if I do file? While waiting to actually file, do I need to try (i'm behind 2 months now) keep current o… read more
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I am a 50% owner of an S-corp in Minnesota and live in Wisconsin.
I am a 50% owner of an S-corp in Minnesota and live in Wisconsin. If I file for personal bankruptcy how will that affect the S-Corp. Can they go after my portion of the S-Corp assets? Another option i… read more
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I am currently under CH13 I want to surrender my vehicle that
I am currently under CH13 I want to surrender my vehicle that is currently $10,000 negative. I want to purchase a car from a private seller. My bankruptcy has not as yet been confirmed...please help… read more
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Meet the Experts:

Terry L.

Terry L.

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JoeLawyer

JoeLawyer

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A.J.

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21 years practicing law. Landlord 29 years

Law Girl

Law Girl

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I am an attorney.

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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).

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