Bankruptcy Law

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Related Bankruptcy Law Questions
I want to know if I can and should file bankruptcy. I am 60,
I want to know if I can and should file bankruptcy. I am 60, support a household of 5 which consists of myself, wife, son and 2 daughters. Wife and son are disabled and unable to work. Daughters are 1… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
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Hello. I just checked to see if Im elegable for HARP mortgage
Hello. I just checked to see if I'm elegable for HARP mortgage modification and my current payments for both 1st and 2nd mortgages are less than the 31% number for the payment. However I'm only 2,000 … read more
Fritz
Fritz
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Can you include the debt of a foreclosed home on a petition
Can you include the debt of a foreclosed home on a petition in order to qualify for a Chapter 7 (as opposed to Chapter 13) bankruptcy? And let's say on the credit report one of the mortgages status sa… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Can a married person on social security, and two pensions totaling
Can a married person on social security, and two pensions totaling under $26k, file for BK if their spouse is employed and earning $55k. The total income is still unable to pay monthly debts (mortgage… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Hi, I have 23K in credit card debt across three cards. I also
Hi, I have 23K in credit card debt across three cards. I also have about 40K in school loan debt. I am 30 years old and have been unemployed since August. The job I had before gave me a $45K salary an… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
My income is $100k annually, but my cash flow is minus $399.00
My income is $100k annually, but my cash flow is minus $399.00 each month. Even with the negative cash flow, I still fail the Chapter 7 means test. My credit card debt is $35,000 and my student loan b… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
I just learned friday that we were approved for the HAMP program.
I just learned friday that we were approved for the HAMP program. my original monthly mortgage was 2300.00 per month and taxes and home insurance were not included. the lender based on my earnings (th… read more
cfortunato
cfortunato
J.D.
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My employer cut overtime 1st of the year resulting in over
My employer cut overtime 1st of the year resulting in over $1000/mo net pay and am due to lose $1592/mo in soc sec benefits for my 18 yr old HS senior in May. I will have approx $700 more per month in… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
i own a fourplex in california and am considering declaring
i own a fourplex in california and am considering declaring bankruptcy. i live at the property and it generates positive income right now, though it is currently valued at 1mil and was bought for 1.4m… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
My 69 year old mother lives in Virginia. Her only source of
My 69 year old mother lives in Virginia. Her only source of income is social security. My father passed away 6 years ago, and my mother had to mortgage her home to pay the medical bills. Since then, s… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Hi, I am in quite a bit of financial trouble. I think I am
Hi, I am in quite a bit of financial trouble. I think I am giong to have to file both a personal and a business bankruptcy, don't know if that is possible but in both areas I am in debt. I had to clos… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
My family and I are moving out of country in 5 months. Our
My family and I are moving out of country in 5 months. Our home is not worth what we paid for it. approx 80,000 less than what is owed. We also have 30,000 in credit card debt. We both have full time … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
Is it possible to declare bankruptcy to rid myself of come
Is it possible to declare bankruptcy to rid myself of come credit card bills, a loan i have that I cannot afford as my husband have split our finances 1/2 and 1/2 since a year and I have been struggli… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
3,018 satisfied customers
My husband and I graduated in 2007 with our Masters Degrees
My husband and I graduated in 2007 with our Master's Degrees in Social Work and Special Education. Together we owe roughly 120K. We have deffered as long as possible and are trying to have some loan f… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
We need to file Chapter 7 bankruptcy. My mom is 80 & on social
We need to file Chapter 7 bankruptcy. My mom is 80 & on social security. I am 55 and employed. Credit card debt between us is over $60,000. Our mortgage is joint and it is current, as is the home equi… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,994 satisfied customers
Hi. I am trying to find out if there still is a bankrupcy
Hi. I am trying to find out if there still is a bankrupcy law where I can keep my house, but make monthly payments for my consoilidated debt such as visa cards. If there is still such law, would the p… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
I HAVE BEEN IN CHAPTER13 BANKRUPYSY FOR ONE YEAR. I WAS TOLD
I HAVE BEEN IN CHAPTER13 BANKRUPYSY FOR ONE YEAR. I WAS TOLD IT COULD BE CANCELED AND IF SO IT WOULD BE LIKE IT NEVER HAPPENED.I CAN PAY UP MY 3 MORTGAGE NOTES INCLUDING ANY LATE CHARGES CAN BANKS STI… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers
i own 2 homes in las vegas and my second home is facing foreclousure
i own 2 homes in las vegas and my second home is facing foreclousure should i file bankrupcy and wich chapter, i would like to keep my primery residence wich i am current on payments also would like t… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,125 satisfied customers

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Meet the Experts:

Terry L.

Terry L.

Attorney

3,018 satisfied customers

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

cortrightlaw

cortrightlaw

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513 satisfied customers

Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

JoeLawyer

JoeLawyer

Attorney

376 satisfied customers

Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

Attorney

262 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

Attorney

209 satisfied customers

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

Law Girl

Law Girl

Attorney

153 satisfied customers

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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