Bankruptcy Law

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Related Bankruptcy Law Questions
I need some advice on bankruptcy. I own my home, and I also
I need some advice on bankruptcy. I own my home, and I also have a rental property. I might have to declare bankruptcy. Is there a way to be able to protect my properties from being taken away from me… read more
TJ, Esq.
TJ, Esq.
Juris Doctor (JD)
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If I own a rental property in an LLC and end up declaring BK,
If I own a rental property in an LLC and end up declaring BK, would the rental property (which has some equity in it) be protected (that is, would I be able to keep it)? I live in Virginia, and the re… read more
wallstreetfighter
wallstreetfighter
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I have three rent houses in Texas And I am going to file bankruptcy.
I have three rent houses in Texas And I am going to file bankruptcy. My brothers live in two of them and they are making the payments on them. There is a little equity in them. Can we keep the two hou… read more
socrateaser
socrateaser
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Debtors chap. 13 plan was dismissed after 2 yrs. for being
Debtor's chap. 13 plan was dismissed after 2 yrs. for being in arrears in trustee payments. Debtors own a house they live and a small rental property (duplex). 1) Can they file for a chap.7 bk right a… read more
Dylatess
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We have been considering bankruptcy for some time now. We
We have been considering bankruptcy for some time now. We had two rental properties. We lost one to foreclosure in January, and we are about to lose the other one. My father-in-law has his house (a mo… read more
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My husband and I are contemplating bankruptcy. We own 3 pieces
My husband and I are contemplating bankruptcy. We own 3 pieces of real estate. One we live in, one we operate a business from (the reason for the bankruptcy) and another residential property that is r… read more
Teacher Editor
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Is bankrupty the good thing to do if I own 2 condos in FL that
Is bankrupty the good thing to do if I own 2 condos in FL that were brought for $650,000.00 each have not made payments for 3years have been trying to sell as a short with no luck,can not sell for $20… read more
Ellen
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if fileing chap 7 bnkrup what property is exempt my house
if fileing chap 7 bnkrup what property is exempt my house is behind i have a 80 acre farm in addition to house nd rental these property have no equity but i make my living from them along with retirem… read more
cfortunato
cfortunato
J.D.
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Can we keep one of the rental properties and our home if we
Can we keep one of the rental properties and our home if we file chapter 13 and want to get rid of just 2 of the rental properties? Also, will chapter 13 allow us to liquidate the remaining $29,000 cr… read more
Ellen
Ellen
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Doctoral Degree
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i am considering chapter seven bankruptcy. most debts are unsecured
i am considering chapter seven bankruptcy. most debts are unsecured credit cards. however, in the state of texas, my wife and i own several rent houses. my wife is not claiming bankruptcy. question- c… read more
wallstreetfighter
wallstreetfighter
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I forgot to mention that i have an home equity loan on my principal
I forgot to mention that i have an home equity loan on my principal home that has not been paid for about a year. would this change my ability to keep my home along with my rental properties that have… read more
cfortunato
cfortunato
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i have a lot of credit card debt and i can not keep up anymore,
i have a lot of credit card debt and i can not keep up anymore, but my income is from two rental properties I have and i want to keep the home I live in, is there any kind of bankruptcy i can do… read more
cfortunato
cfortunato
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My Husband was layed off for a year and 3 months. We are in
My Husband was layed off for a year and 3 months. We are in debt with hosp and credit cards 25000. we r two months behind on our house payment. My husband got called back to work 3 weeks ago. We have … read more
Terry L.
Terry L.
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Bankruptcy question I have filled out the paper work for
Bankruptcy question: I have filled out the paper work for bankruptcy. I currently have two homes and I was told I could only keep one home. I was wondering what type of bankruptcy would I have to file… read more
wallstreetfighter
wallstreetfighter
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Doctoral Degree
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I have a 50k equity line of credit on a rental property. (I
I have a 50k equity line of credit on a rental property. (I used it to make downpayment on my current home.) I have a second rental property with 100k equity. In Virginia, if my first rental property … read more
Terry L.
Terry L.
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IN CHAPTER 13 BANKRUPTCY, WHEN A JUDGE MODIFIES THE TERMS OF
IN CHAPTER 13 BANKRUPTCY, WHEN A JUDGE MODIFIES THE TERMS OF A MORTGAGE ON AN INCOME PROPERTY, IS THE MODIFICATION GOOD FOR THE FULL TERM OF THE LOAN, I.E., UNTIL IT IS REPAID?… read more
Terry L.
Terry L.
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Doctoral Degree
2,885 satisfied customers
I NEED TO KNOW IF IF CAN FILE CHAPTER SEVEN IF I OWN TWO HOMES
I NEED TO KNOW IF IF CAN FILE CHAPTER SEVEN IF I OWN TWO HOMES WITH ONE MORTAGE? I ONLY NEED TO FILE ON CREDIT CARDS. I AM NOT BEHIND ON THE MORTAGE PAYMENTS BECAUSE RENTAL PROPERTIES IS RENTED WITH H… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,885 satisfied customers
I am in 80k credit card debt with 3 homes. One is my primary,
I am in 80k credit card debt with 3 homes. One is my primary, 2 are rentals. My husband (currently separated from- 2 months) does not want to file to help me out of my debt. I understand that my husba… read more
Ellen
Ellen
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Meet the Experts:

Terry L.

Terry L.

Attorney

2,885 satisfied customers

Better Business Bureau. 20+yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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

JoeLawyer

JoeLawyer

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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

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209 satisfied customers

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

Law Girl

Law Girl

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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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