AboutDavid Expertise I can help answer questions on how to raise credit scores. I can educate you on all areas of credit scoring. My specialty is helping people recover from Bankruptcy and low credit scores quickly.
Experience I own a credit repair company and have helped hundreds of my clients raise their scores to purchase homes, cars and qualify for other loans.
Education/Credentials My background is in Financial planning.
Expert: David Date: 7/3/2008 Subject: Being sued after bankruptcy
Question My wife and I just received our discharge papers after filing Ch 7 bankruptcy. During the process the 1st and 2nd mortgage companies (who were listed for us to not have to pay) asked if the "stay" could be lifted on the property so they could seek foreclosure. My attorney assured me this was a common practice when the property is worth less than what is owed so that the mortgage companies can seek to liquidate the property themselves instead of letting the courts do it. All seemed well until I received a summons in the mail from the 2nd mortgage company who is suing us for the amount we owed them. The debt was supposed to be discharged as stated on our paperwork. How is it possible that they are now suing us? and what is the likely outcome?
Answer Cory,
This question really needs to go to the attorney that helped you file. He has a responsibility to explain these things and correct them if needed.
My specialty is helping my clients Raise their Credit Scores after BK. If you can use help with that let me know.
David McArthur
www.financialscoringsolutions.com
219-718-8566 direct
