Bankruptcy Law

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Related Bankruptcy Law Questions
Could you kindly tell me how open credit card companies are
for socrateaser hi there, could you kindly tell me how open credit card companies are to cutting deals in lieu of going bankrupt? do you need to send in a bulk payment to cut a deal? i have around 80k… read more
socrateaser
socrateaser
35,753 satisfied customers
I have a reverse mortgage years now. If I want to go
I have a reverse mortgage for 5 years now. If I want to go into bankrupt for some credit cards, will this affect my reverse mortgage.… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,783 satisfied customers
Is it possible to go bankrupt and still keep your house if
Is it possible to go bankrupt and still keep your house if it is worth much less than what is owed. Just credit card debt would be the main reason.… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
My husband and I have decided to file bankruptcy. We need advice
My husband and I have decided to file bankruptcy. We need advice on whether a Chapter 7 or a 13 or possibly a 7 THEN 13 (Chapter 20) would be the best option. We live in Florida but husband works over… read more
Ellen
Ellen
Attorney
Doctoral Degree
36,715 satisfied customers
Hi, I have a rental property with a 1st mortgage of 270k and
Hi, I have a rental property with a 1st mortgage of 270k and a 2nd mortgage of 120K. The property maybe worth $270 if lucky. Previously I was told the following: "Since there is no equity in the renta… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Questions about Filing Chapter 11 as a Personal Bankruptcy
Is I would be happy to pay a bonus to get to the $60 mark, if the anwer and research involved in understanding what particular issues there might be in Indiana vs some other state...proves to be very … read more
socrateaser
socrateaser
35,753 satisfied customers
Hello, I am underwater on a house in Nevada for about 100,000.
Hello, I am underwater on a house in Nevada for about 100,000. I have a second for 36,000 dollars. I have tried loan modification and lost 3000 to an attorney that can't get a modification. I have aro… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Times are getting tougher all the time. We are finding it incredibly
Times are getting tougher all the time. We are finding it incredibly difficult to keep up with the payments, and are thinking about filing. We have a time share, with both of our names on it, are look… read more
Law Girl
Law Girl
Attorney
Doctoral Degree
153 satisfied customers
My hausband and I entered into a mortgage 5 years ago that
My hausband and I entered into a mortgage 5 years ago that was an interest only ARM for $354K, with a 2nd mortgage of $88,550 with a baloon payment due in August 2010. Today our home has an estimated … read more
Roger
Roger
Litigation Attorney
Doctoral Degree
27,088 satisfied customers
Hello, Im considering a chapter 13. Our home is worth less
Hello, I'm considering a chapter 13. Our home is worth less than the 1st mortgage, and so we may strip the 2nd mortgage of as part of the filing. Would the payment to the 2nd mortgage then not be used… read more
Ellen
Ellen
Attorney
Doctoral Degree
36,715 satisfied customers
I owe $83,000 CREDIT CARDS AND LOANS I AM RECEIVING SOCIAL SECURITY
I owe $83,000 CREDIT CARDS AND LOANS I AM RECEIVING SOCIAL SECURITY $1,686 .00 PENSION 2,437 MONTHLY MORTGAGE $2,580.00 IRA ACT.11.000.00 PLUS MY UTILITIES ETC. CAN I GO BANKRUPT AND SAVE MY HOME .THE… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
I am going to file Chapter 7 bankruptcy in the next 30 days.
I am going to file Chapter 7 bankruptcy in the next 30 days. I have a second mortgage on my primary residence that is tied to a rental house. The money was borrowed against my primary residence to fix… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,783 satisfied customers
Iam 7 payments behind on my mortgages(long story).I have been
I'am 7 payments behind on my mortgages(long story).I have been counceled by consumer credit councelers and they recommend bankruptcy. I have tried to work with both my 1st and second mortgage companie… read more
Maverick
Maverick
Doctoral Degree
7,002 satisfied customers
I am about to file a chapter 13 bankruptcy. My understanding
I am about to file a chapter 13 bankruptcy. My understanding is I can wipe out the 2nd mortgage of my homestead if my first mortgage is more than what my house is worth. My wife just lost her job and … read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Hello. I have two questions - My mortgage is held by Chase
Hello. I have two questions - My mortgage is held by Chase Mtg. I have four credit cards with Chase too. If I go bankrupt and declare Chase credit cards will it effect my mortgage with them? (2) My ca… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,477 satisfied customers
My relative has two mortgages (on one house) and is slightly
My relative has two mortgages (on one house) and is slightly underwater on them. He lives in Montgomery county Maryland and has lost his job. He has about 40,000 in credit card debt. He also has a pen… read more
Maverick
Maverick
Doctoral Degree
7,002 satisfied customers
hi, i have a 2nd mortgage with us bank for 60k @ 7.8% they
hi, i have a 2nd mortgage with us bank for 60k @ 7.8% they will not work with me to lower my 434.00 per month payment. can i file bankrupt on this mortgage.… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,477 satisfied customers
In a chapter 7 bankruptcy - if there is a 2nd mortgage still
In a chapter 7 bankruptcy - if there is a 2nd mortgage still showing up as active on the credit report, but the house was recently lost in foreclosure, how is the 2nd mortgage treated? As a secured or… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
27,088 satisfied customers

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Meet the Experts:

Terry L.

Terry L.

Attorney

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Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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JoeLawyer

JoeLawyer

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Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

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Experienced consumer bankruptcy attorney.

Fritz

Fritz

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Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases

Law Girl

Law Girl

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I am an attorney.

Paul K, Esq.

Paul K, Esq.

Attorney

141 satisfied customers

10 years Exp., Great customer service, Prompt responses.

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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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