Category Archives: Chapter 7

REAFFIRMING DEBTS IN A CHAPTER 7 BANKRUPTCY

Question: What is the quickest and easiest way to get documentation that the mortgage is reaffirmed? My mortgage was in a Chapter 7 and discharged 3 years ago. I never stopped making payments while in the BK. I am looking … Continue reading

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Question: If I file for bankruptcy, do I have to give up my 401k?

One of the few answers that I can give that is relatively absolute is that a 401k is exempt in a bankruptcy case.  This means that unless there is some type fraud, your 401k is safe from the reaches of … Continue reading

Posted in Chapter 11, Chapter 13 Bankruptcy, Chapter 13 Bankruptcy Plan, Chapter 7, Creditor Seizing of Assets, EXEMPTIONS | Leave a comment

CAN I SELL MY HOUSE IF THE LOAN WASN’T REAFFIRMED IN A CHAPTER 7 BANKRUPTCY?

Question: Can I sell my house after the loan wasn’t reaffirmed in a Chapter 7 Bankruptcy? Question : Debtor filed Chapter 7 years ago. In looking to get pre-qualified for a new home loan I find out that my loan … Continue reading

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MORTGAGE PAYMENTS AFTER A CHAPTER 7 DISCHARGE

You filed bankruptcy and the lender is still wanting you to make payments.  If you filed a Chapter 7 bankruptcy, you are no longer liable if you fail to make payments on your mortgage payment. This does not mean that … Continue reading

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ARE ASSETS LOST WHEN A DEBTOR DIES BEFORE THE DISCHARGE IS OBTAINED

If a bankruptcy is filed and then the debtor dies, can the discharge still be obtained is a question that is asked more than one would think.  A Chapter 7 bankruptcy case can take 5 or 6 months to complete. … Continue reading

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DISCHARGE-BANKRUPTCY-THE DANGER IN NOT USING AN ATTORNEY

Bankruptcy does not discharge all debts, but, it discharges many types of debts.  There are actually different discharges that are granted for different types of debts.  If you use a petition preparer or computer form, will you properly plan so … Continue reading

Posted in Chapter 11, Chapter 13 Bankruptcy, Chapter 7, Discharge, Filing Bankruptcy Issues, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , | Leave a comment