| Subject | Date Asked |
|
| Car Finance Company (Ford Fairlane Credit) | 5/10/2009 |
Q: My husband purchased a truck before we purchased our home. The year we moved into our home, we let ...
A: First with regard to the foreclosure it is not too late to fix the problem. 99% of mortgage ...
|
| Poor? | 5/6/2009 |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being poor is a state of mind. Many have very little but a rich in spirit. I'm not trying to be ...
|
| Creditor Bank Levy | 5/5/2009 |
Q: A creditor (Paul Harris) had a levied placed on my account for debt from 1998. I tried to reach out ...
A: Do they have a judgment? Also, why would you have a hearing in Indianapolis if you live in Chicago? ...
|
| Poor? | 5/5/2009 |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being broke and being poor are two completely different things. Being poor is a state of mind or an ...
|
| Collection Agency scam | 5/5/2009 |
Q: I think this is a scam: I got a call from a collection agency(Portfolio Recovery Associates). They ...
A: First, if it has been that long you have went well beyond the statute of limitations. You no longer ...
|
| credit card judgements/student loans/bankruptcy | 4/14/2009 |
Q: I had a chapter 7 bankruptcy in 1996. I thought that would include my student loan, but it didn't. ...
A: Sorry for the delay. The fact information sheet is just to determine your income and assets that may ...
|
| credit card judgements/student loans/bankruptcy | 4/13/2009 |
Q: I had a chapter 7 bankruptcy in 1996. I thought that would include my student loan, but it didn't. ...
A: First, this is a civil matter. They cannot put you in jail or do anything to you physically so ...
|
| execution on levy of ex-husbands liens | 4/13/2009 |
Q: I've been divorced for 8 years and per my divorce decree my ex-husband and I are tenants in common. ...
A: What are the liens for? If he is part owner in the house he has to approve the sale but why would ...
|
| refinance car | 4/10/2009 |
Q: Trying to refinance an upside down loan on 2008 Nissan. ($749 mth) Due to bad credit, not able to ...
A: Refinance may not be practical since most banks are credit sensitive these days. You may be able to ...
|
| Credit Card suit in Texas | 4/8/2009 |
Q: Facts: I live in Texas, Law Suit from 3rd party collector is to use Delaware law, SOL is 4 years for ...
A: You are doing the right thing. Your motion for dismissal based on their own evidence should be ...
|
| voluntary return | 3/2/2009 |
Q: I have a lease which I paid 577.00 for I just got laid off if I turn in the vehicle how would it ...
A: If you turn it in early without paying the early termonation fee it will be treated just like a ...
|
| Being Sued By Credit Card | 3/1/2009 |
Q: Help! I was just served by the Sherriff's Dept a notice that I am being sued civilly in court for ...
A: Sorry for the delay. I have been inundated with questions. Anyway, this is a civil mater not a ...
|
| contracting with a company on the brink of bankruptcy | 2/28/2009 |
Q: I've been contracting for the same company for about 5 years and they've never missed a payment. ...
A: At this point it is speculation that they are filing bankruptcy until you have evidence to support ...
|
| Unsecured debt and levy/judgement | 2/26/2009 |
Q: I am very glad I found this site. I have aWe currently live in PA but had owned property in FL ...
A: I'm afraid you were duped by Countrywide. First, you were talked into signing the note which I would ...
|
| Canadian with Debt in the U.S. | 2/10/2009 |
Q: I have a large amount of credit card debt, all on cards issued in the U.S. during my employment on a ...
A: First, you cannot pay out what you dont have. And debt collectors cannot do anything to you short of ...
|
| filing bankruptcy | 2/9/2009 |
Q: I was laid off from a job and my new job pays about 15,000 less. I have significant debt and I am ...
A: If you have a lot of equity (over $5k) you may not be able to file Ch7 without liquidating your home ...
|
| Car Repo - Balance Owed by Co-signer | 2/8/2009 |
Q: I have a question concerning a vehicle repo from 2006. My daughter had a car repossessed back in ...
A: You would probably have to negotiate with the law firm. They are pretty strict on this and once they ...
|
| Motorhome Settlement Hopes | 2/8/2009 |
Q: I bought a motorhome with a loan in the summer of 2007 that is now the bane of my existence. At ...
A: Sorry for thew delay in responding. I have been inundated with questions which I love answering but ...
|
| Chapter 7 bankruptcy | 2/7/2009 |
Q: I filed a Chapter 7 bankruptcy last week and I have a rental agreement (for a TV)from Aaron's (It's ...
A: Did you discuss this with your attorney? Most leases and/or rental agreements are terminated in a ...
|
| bankruptcy | 2/6/2009 |
Q: Brotherton, I live in the state of Illinois. I have my primary resident and a home that I am ...
A: Without more information on your overall income and expenses it is difficult to answer your first ...
|
| BK Question | 2/6/2009 |
Q: My boyfriend and father of kids, has filed for Bankruptcy. We have some items that are in both of ...
A: Each state allows a debtor to exempt certain property from attachment or seizure in a bankruptcy ...
|
| judgement question | 2/3/2009 |
Q: I have already asked the following once. I haven't seen an answer on my e-mail or on your previous ...
A: It is possible for a creditor to attach a tax refund once they have a judgment. And the best option ...
|
| credit card | 2/2/2009 |
Q: I have a credit card at Circiut City, who has filed bankruptcy,who do I pay the balance to or do I ...
A: Continue making payments to the address and payee on your statements or if you do not get statements ...
|
| debt settlement | 1/31/2009 |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: I am no longer with a law firm and cannot represent you in court, however most collection lawsuits ...
|
| bankruptcy and car repo did not reaffrim | 1/31/2009 |
Q: my husband and i filed bankruptcy in April of 08. my husbands job was down sizing and he was had to ...
A: No, You do not owe them for the deficiency. You will need to make them aware that you did not ...
|
| put property back in my sister's name?? | 1/30/2009 |
Q: the property i live on-my home and cottages i rent out- was left to my sister and myself in a living ...
A: It is not a strange question. In fact, it is fairly common for someone considering bankruptcy or one ...
|
| stop paying credit cards? | 1/30/2009 |
Q: i am recently divorced. my ex and i racked up $48,000 in credit card debt. he is supposed to pay ...
A: Although it may take several months to get to the point of any serious action being taken, the ...
|
| debt settlement | 1/30/2009 |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: Account for the $2000 in your proposal. Whatever your total proposal is deduct the #2k as a good ...
|
| debt settlement | 1/29/2009 |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: First, the collection agency is just trying to tweak you. It would not be productive to sue you if ...
|
| bankruptcy | 1/28/2009 |
Q: If a company were to file bankruptcy and the debt was liquidated could the companies vendors go ...
A: Potentially yes, the company's venders could go after your property. If the receivable were sold all ...
|
| divorce and bankruptcy | 1/27/2009 |
Q: I want to file Chapt 7 due to 80k in credit card debt. My husband does not want to file because it ...
A: You may attempt to file bk 7 without him but you may not qualify under the new rules. If you have ...
|
| Incorrect Charge Off | 1/26/2009 |
Q: In August 2006 I bought a 2006 Nissan Maxima and financed it with Nissan Motor Acceptance Corp. On ...
A: I recommend you send a certified letter to NMAC demanding they correct the account because of their ...
|
| Credit problem | 1/19/2009 |
Q: I have been going back and forth with collection agencies and Citizens Bank for about a year now ...
A: File a complaint with the Federal Trade Commission for violation of Fair Debt Collection Practices ...
|
| How to Deal with Creditors | 1/19/2009 |
Q: I have been trying to pay off my debts in the past 4 years and now am down to 2 creditors to deal ...
A: Of course the best deal would be for an offer for a lump sum settlement if you have the resources ...
|
| Chap 7 v Repo. | 1/19/2009 |
Q: I have a Motor home that I owe $62,000. It realistically is worth about $35,000 for trade or ...
A: Probably not. A repo is a repo, vountary or not. They have a procedure they must follow by law. They ...
|
| bad info on credit report | 1/19/2009 |
Q: a catalog company,s debt was discharged by bankruptcy in 1987,also dish network never came and fixed ...
A: You may want to file a complant with the state Utlities Commission to get the bill corrected. Once ...
|
| I need to leave in an emergency should I turn car in for repossession | 1/17/2009 |
Q: I am in the process of leaving my abusive relationship. I cannot sell the car because he will find ...
A: Your options are somewhat limited. The best option is for you to try to sell the car by running an ...
|
| CREDIT CARD | 1/16/2009 |
Q: A CLOSE FRIEND OF MINE JUST PASSED AWAY. MY QUESTION IS HE HAD CREDIT CARDS IN HIS NAME ONLY AND 2 ...
A: No and yes. Although she is not responsible for his debt directly they may file a claim against the ...
|
| SSI and credit card collection | 1/15/2009 |
Q: I am on SSI and disabled 62 yr.old. I have credit cards that I am no longer able to pay. With the ...
A: Although it would be illegal for them to just take money from your account without authorization it ...
|
| credit card auto pmnts | 1/14/2009 |
Q: Brotherton, We have a couple of automatic fees each month on our creditcard, and we would like to ...
A: You should send a letter to the vender and the cc company advising them to cancel all future ...
|
| Credit and loss of income | 1/13/2009 |
Q: Oh what troubles, I am self employed in the construction industry and as such my business has ...
A: I understand your distress. I am seeing more and more of this with the economy in a slump. I also ...
|
| payroll taxes | 1/12/2009 |
Q: The Irs is stating I owe the Taxes from my Optical Business in 1988. That's over 20years ago. Can ...
A: First, I am not a tax expert, however I do know that under normal circumstances there is a 10 year ...
|
| judgement lien on my home | 1/10/2009 |
Q: Today I received a notice of judgment lien on my home. I was sued over a credit card I had in ...
A: It is not likely they will take your home or force the sale. All a judgment lien is is a public ...
|
| Chap 7 v Repo. | 1/10/2009 |
Q: I have a Motor home that I owe $62,000. It realistically is worth about $35,000 for trade or ...
A: You may have some other options. I would attempt to run an ad in tthe local paper or shopper and see ...
|
| taxes | 1/10/2009 |
Q: We have two rentals that are going to short sale. We bought them as an investment (stupidly). One ...
A: Although there may be room to negotiate a reduction in the tax I am afraid the forgiven debt on a ...
|
| Help! Drowning in Debt & Bad Credit | 1/9/2009 |
Q: I have been unemployed and under employed several times in the last 10 years and unemployed now. I ...
A: I see no need to file bk any time soon unless you just want to get it over with. Your debt is ...
|
| Texas Payday Loans | 1/8/2009 |
Q: My husband had surgery in November, 2008 and I had to take out some payday and finance company ...
A: First of all, TX is a consumer friendly state with a no garnishment law. This kind of takes the ...
|
| being sued by discover | 1/7/2009 |
Q: I had already ask what could my boyfriend do since he was being sued.MY question now he had talked ...
A: Your friend has no clue. If you can complete the paperwork for BK and get it filed the suit will be ...
|
| Being Sued need help | 1/7/2009 |
Q: I had a house foreclosed on me 6 months ago. Now the second mortgage is is in collections and I ...
A: If the house has been sold through the foreclosure action and the creditor is attempting to sue you ...
|
| "'collectors" | 1/5/2009 |
Q: How can I prevent "sleazy" collection agency, (they wouldn't even give me their address on the ...
A: First, are you sure this is a legitimate collection agency for the state? They must disclose certain ...
|
| Refi Mortgage after bk | 12/25/2008 |
Q: My wife and I recently filed and had a Chapter 7 discharged. In doing the BK we took down everyone, ...
A: You would probably have to negotiate a settlement on the second or ask them to modify the mortgage ...
|
| collections | 12/22/2008 |
Q: and they dropped our case after a year. we owe about 40,000 in credit cards and before the attn. of ...
A: Once they file suit the courts will have to make a reasonable attempt to notify you. This can be ...
|
| chargeoff and bankruptcy | 12/21/2008 |
Q: I'm in the process of filing bankruptcy. A bank sent me a chargeoff notice which may happen before ...
A: It would not make much of a difference. Whether you file before or after a charge off it will still ...
|
| debt consolidation | 12/19/2008 |
Q: my husband was incarcerated in 2005. i had a job but had to find another place to live. my job was ...
A: First and foremost take a deep breath and relax. I know financial problems can be stressful and I ...
|
| GMAC Lease Negotiation | 12/18/2008 |
Q: I have a GMAC car lease. My wife has lost her job and I cannot afford to make a 750.00 car lease. I ...
A: Many finance companies have hardship programs that can reduce payments. It is sometimes difficult to ...
|
| Loans | 12/18/2008 |
Q: I have this problem. I'm 27 years old and I have about $10000 credit card debt and also about $10000 ...
A: You cannot go to jail for a debt such as credit cards. At this point there isn't much creditors may ...
|
| Recieved Summons for Debt Collection Issue | 12/18/2008 |
Q: I received the summons on 12/10 to collect a CC debt for $2900. The date on the summons itself is ...
A: I would doubt your third party can do anything special but take your money. The fee is not ...
|
| Forclosure after BK | 12/17/2008 |
Q: We filed Ch7 last year and included the first mortgage (actually they asked to be included) but not ...
A: This depends on which state you are in but in most cases the debt will be considered unsecured and ...
|
| Can I Sue My Ex For Ruining My Credit | 12/16/2008 |
Q: I put a car in my name for my boyfriend, at the time. He was making the monthly payments, but he ...
A: You may have grounds to sue him for the damage to the car but not necessarily for wrecking your ...
|
| Sued by Discover bank | 12/16/2008 |
Q: My question is what can my boyfriend due,he's being sue by discover bank for non payments.This ...
A: He should contact the attorney suing him and offer a lump sum settlement as payment in full. He may ...
|
| Surrendering a vehicle | 12/16/2008 |
Q: I bought a 2008 mazda 3 about 6 months ago on the red carpet plan that was supose to refinance my ...
A: Don't do it! This is bad advice. Never voluntarily surrender a vehicle. You may try to sell it and ...
|
| out of work at 50 | 12/14/2008 |
Q: I turn 50 next April and just lost my job. My income in the past decade has been only a fraction of ...
A: Sorry for the delay in responding. I have been inundated with questions and trying to keep up with ...
|
| Summons | 12/11/2008 |
Q: Ok so I got a summons back in Nov. from Capital One and I paid it in full. My court date is Dec 22 ...
A: Since you are going to be out of town. Ask for the continuance in writing for the reasons given ...
|
| Foreign debt collection | 12/11/2008 |
Q: Background: I recently returned from a three-year college degree program in France. Due to some ...
A: My respnse will be limited since I am not expert in international collections law. A debt may be ...
|
| credit cards | 12/10/2008 |
Q: I have a few brief questions: 1)Does upgrading a Credit Card hurt your credit score? 2)How do I ...
A: No, upgrading a card or increasing your credit line does not hurt your credit. The type of credit ...
|
| Ex co-signed my name on credit card, then filed bankruptcy | 12/10/2008 |
Q: My ex-boyfriend and I lived together for approximately one year a few years ago. Without my ...
A: The question is whther you can prove he forged your name. Do you have any documentation or ...
|
| Car Repo - Balance Owed by Co-signer | 12/9/2008 |
Q: I have a question concerning a vehicle repo from 2006. My daughter had a car repossessed back in ...
A: If you have the funds I would offer them a lump sum settlement for 50% or less to make it go away. ...
|
| Car Repossession | 12/8/2008 |
Q: I am on the verge of having to let my car go...With the current economic situation, I am no longer ...
A: I am afraid they can place a lien on your home once they obtain a judgment. They have to go through ...
|
| bankrupcy question | 12/8/2008 |
Q: My wife and I got into debt. We are currently having Consumer Credit Counseling Service making ...
A: Although there are no particular rules on when to file bankruptcy I have a rule of thumb to help ...
|
| vehicle dilema for the last 4-5 yrs | 12/7/2008 |
Q: my boyfriend bought me a vehicle after I had trouble with the current car I had around 2001. we ...
A: I agree that it is ridiculous to have to pay so much for a car that was sosld for next to nothing ...
|
| creditor of bankruptcy | 12/6/2008 |
Q: The court awarded us attorney's fees in the amount of $24,000. We just received notice from their ...
A: I am curious why you were not notified until now. You should have been given notice and had time to ...
|
| Being Sued? | 12/5/2008 |
Q: I went bankrupt a couple of years ago. Now the lawyers for the bank that held my mortgage want to ...
A: I would question whether you actually owe the money because of the bankruptcy. You should fight any ...
|
| Collection account with Social Security Agency | 12/5/2008 |
Q: I am writing to you as I do not know where to turn to resolve this matter which has now ...
A: First thing is to send all comunictions in writing by certified mail. They wont lose this paperwork. ...
|
| loan approval or disapproval! | 12/5/2008 |
Q: This mortgage broker company approved my VA home loan even i didn't have money to close the loan. ...
A: There isnt much you can do ahead of this to avoid a lien. Let your attorney do his thing and things ...
|
| major financial problems | 12/4/2008 |
Q: We have considered filing chapter 7 many times. These are my questions. We owe about 220,000 on ...
A: You only have certain exemptions of equity to be considered for bk 7. I believe theexemption for ...
|
| creditor of bankruptcy | 12/3/2008 |
Q: The court awarded us attorney's fees in the amount of $24,000. We just received notice from their ...
A: You may record the lien in the county where their property is located. You may go to the recorder or ...
|
| RV (home) Repossession | 12/2/2008 |
Q: I hope you had a good Thanksgiving. I have a question, my wife and I moved here to Fort Valley, ...
A: You are absolutely correct. They would need a replevin to take the motor home. A breech of the peace ...
|
| creditor of bankruptcy | 12/1/2008 |
Q: The court awarded us attorney's fees in the amount of $24,000. We just received notice from their ...
A: It depends on the type of case you filed but in most cases the bankruptcy will discharge this too. ...
|
| SBA for LLC w/Lein on Personal Home | 11/30/2008 |
Q: We have no difficulties with all of our personal debt and have very secure jobs. We own our home and ...
A: There are a lot of different scenarios here. First, if your business fails it doesn't necessarily ...
|
| repo and finance company | 11/30/2008 |
Q: Since the economy I may only have a few months until I can no longer pay for my 2006 car. If I sell ...
A: It is not uncommon for finance companies to accept lump sum settlements on debt. In your case you ...
|
| loan approval or disapproval! | 11/29/2008 |
Q: This mortgage broker company approved my VA home loan even i didn't have money to close the loan. ...
A: You may file a complaint with the Dept. of Commerce who licenses loan officers and mortgage ...
|
| Going into Chapter 13 | 11/26/2008 |
Q: I need to go into it fast (I owe tax money). Once I visit the attorney and pay the required deposit ...
A: It depends on your attorney, how fast they can prepare the paperwork, but as soon as the bk is filed ...
|
| Repo Advice | 11/25/2008 |
Q: About a 2 years ago we bought a 2001 VW beetle, our interest rate was about 12% kinda high, then ...
A: You can run an add in the local paper and try to sell the VW or the trck and submit any offers you ...
|
| creditor judgement | 11/22/2008 |
Q: I live in Ohio and I recently was contacted by an agency saying I was going to be sued for a past ...
A: Your disability is exempt from attachment and your husbands accoun t cannot be touched. If they file ...
|
| use of credit cards after bankruptcy | 11/21/2008 |
Q: I receintly filed and had my bankruptcy for Chp. 7, discharged granted (me) the debtor. I had/have ...
A: If they were listed on your schedule of debts the accounts were likely closed by the credit grantor ...
|
| Time Share Foreclosure | 11/21/2008 |
Q: would default on a non-deeded (membership w/points) time share be classified as a foreclosure? It's ...
A: If the time share is not deeded it may not be a true timeshare. Real Estate law is particularly ...
|
| jointly financed car | 11/20/2008 |
Q: In May 2007 my ex husband ( weve been divorced since 1995) agreed to help me get a nice car to dirve ...
A: You may do that but it would not relieve you of that obligation. Legally he may come back and sue ...
|
| Is my only home with a mortgage protected duriing bankruptcy if it is not my primary residence | 11/20/2008 |
Q: My fiancee and I have a mortgage on a modular home on property in my name in NC, it is the only ...
A: Although the property may be an issue in a bankruptcy case I believe you may get around that issue ...
|
| Credit Card Collection Laws | 11/19/2008 |
Q: I live in Texas and in July of 2003, my job was outsourced and my position terminated. I was ...
A: The Statute of Limitations on debt collection in Texas is 4 years.It appears the SOL is expired. You ...
|
| auto repo and difecicey | 11/19/2008 |
Q: I have recieved a letter from a debt collector on an auto deficiency. I don't owe this, I disputed ...
A: The SOL is from the date of last payment so 1/2009 would be the cutoff. They could sue you unless ...
|
| Paying off credit card with another credit card | 11/18/2008 |
Q: I got in trouble with American Express about 2.5 years ago but reached and agreement with the ...
A: Actually, if the account was already in collection there is virtually no difference. A settlement is ...
|
| Time Share Foreclosure | 11/17/2008 |
Q: would default on a non-deeded (membership w/points) time share be classified as a foreclosure? It's ...
A: In most states a time share is a deeded transaction and does require foreclosure much like a fully ...
|
| ESOP | 11/17/2008 |
Q: I have an ESOP Account that I should be receiving in a month. I am unemployed now and on the brink ...
A: You didn't say how much you have in the ESOP. You may be able to settle your credit card debt for ...
|
| credit card debt and bankruptcy | 11/15/2008 |
Q: i have credit card debt of $14,000 and not able to make my min payments plus my other bills , so i'm ...
A: First, it may be considered a fraud and it may disqualify you from filing or raise issues that would ...
|
| Bankruptcy & Foreclosure | 11/13/2008 |
Q: I am asking for my mother that went thru a NASTY divorce. The house was left to him, with the ...
A: If there is a bankruptcy they must wait until there is a release from the automatic stay which is ...
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| chapter 13 | 11/13/2008 |
Q: i have a house in ny name with approx. 60% equity, first and second mortages are in my name also. ...
A: NO, you will need to look for a new mortgage. A consolidation loan is a loan against the equity in ...
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| auto repo and difecicey | 11/12/2008 |
Q: I have recieved a letter from a debt collector on an auto deficiency. I don't owe this, I disputed ...
A: I would say you need to seek local legal counsel and take action against the creditor for causing ...
|
| Paying off credit card with another credit card | 11/12/2008 |
Q: I got in trouble with American Express about 2.5 years ago but reached and agreement with the ...
A: Probably not unless they agree to a settlement for less than the balance on the account. If you can ...
|
| Bankruptcy question | 11/12/2008 |
Q: I recently consulted a bankruptcy lawyer and she decided we were candidates for Chapter 7. We filed ...
A: Although it is not likely they would object to discharge it is possible. The only reason I say it is ...
|
| repossession | 11/11/2008 |
Q: I have a vehicle that I own more than the kelly blue book value is worth. I cannot make payments. ...
A: Your best option is to run an ad in the local paper or advertiser and try to sell the vehicle. If ...
|
| Credit card debts | 11/10/2008 |
Q: I wrote to you a few weeks ago, and you were kind enough to send me a speedy reply, but I have a ...
A: You are safe from any serious collection activity. Creditors cannot touch your SS or retirement. ...
|
| chapter 13 | 11/10/2008 |
Q: i have a house in ny name with approx. 60% equity, first and second mortages are in my name also. ...
A: I would question whether you would qualify for CH13 without losing your home. You have a lot of ...
|
| voluntary repossession | 11/9/2008 |
Q: Due to pay cuts for both my husband and myself, and the high price of gas, we were unable to make ...
A: As long as they followed proper procedure for selling the vehicle and notifying you according to ...
|
| Getting served. what do i do next??? | 11/7/2008 |
Q: A sheriff came to my house today to serve me papers on a debt owed to Capital One. I did not answer ...
A: from what you tell me you are virtually untouchable. Even if they get a judgment there isnt much ...
|
| economic decline effecting the housing property markets | 11/6/2008 |
Q: explain how a decline in economic growth effects the housing property market????
A: Economic decline comes in many shapes and sizes. From low employment to inflation where prices ...
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| Collection against daugther | 11/6/2008 |
Q: My daughter was 16 when we took her to the doctor on January 2006, her insurance denied the claim. ...
A: Unless there is a law declaring her an adult at age 16 in your state she cannot be held responsible ...
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| old car deficiency after bankrupty discharge | 11/5/2008 |
Q: My exhusband and I filed for bankruptcy in 1999. Part of the bankruptcy was a car to Ford Motor ...
A: It appears they are in violation of federal bankruptcy laws and need to be made aware of this. You ...
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| reposession of new car | 11/5/2008 |
Q: Being a stubborn short-minded 19 year old i bought a new car which i thought i could afford and now ...
A: Sorry for the delay in responding. I get a lot of questions and it sometimes take time to respond. ...
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| forclosure and bankruptcy 2nd mortgage lein | 11/4/2008 |
Q: i have a second mortgage line of credit that the bank wrote off but still have a lein on the ...
A: This is what we do at FInancial Emergency. We are now a full service law firm and can negotiate with ...
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| Default and debt | 11/3/2008 |
Q: I have a student loan that recently went into default. They told me that if I don't pay it off by ...
A: CCCS may be a good place to start. They will complete an assessment of your budget and see if you ...
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| bankruptcy or other alternatives? | 11/3/2008 |
Q: My question is about declaring bankruptcy or taking another route, so I can save my fully paid-for ...
A: I'm afraid bankruptcy may not be the answer. If you file bk the courts may order the sale of your ...
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| Before car is has been repo'd | 11/2/2008 |
Q: Is there any way that I can get help to make the payments that I am behind with out my car being ...
A: Most finance companies have hardship programs that could temporarily or permanently reduce payments ...
|
| judgements/credit report | 11/1/2008 |
Q: I voluntarily turned in a vechicle in 2006 because I was told by the car dealership it needed a new ...
A: I am afraid there is not much you can do to avoid the judgment since they have a right to collect ...
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| Tax lien after bankruptcy | 10/31/2008 |
Q: My husband and I filed bankruptcy back in the 90's. We received a release in 99. We are trying to ...
A: It is true that they must be paid to obtain the release of lien. A bankruptcy does not discharge ...
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| SURRENDER OF LIFE INSURANCE POLICY AFTER FILING CHAPTER 13 | 10/31/2008 |
Q: After our Chapter 13 plan had been confirmed, we chose to stop the monthly payments and surrender ...
A: Normally you would have to report any cash recieved over minimal amounts to the trustee. If the ...
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| Debt issues | 10/31/2008 |
Q: You might have to talk to me like I'm a 5 year old because I'm not really familiar with this ...
A: Sorry for the delay. I have been inundated with questions lately and trying to play catch up. I ...
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| Creditors and Bankruptcy | 10/30/2008 |
Q: I am currently experiencing a financial collapse. I have been in default for two years for a huge ...
A: They can obtain judgment at some point without serving you. Public notice in the paper can be ...
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| forclosure and bankruptcy 2nd mortgage lein | 10/30/2008 |
Q: i have a second mortgage line of credit that the bank wrote off but still have a lein on the ...
A: The first mortgage company will not refinance or even modify a loan where a second mortgage exists ...
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| creditor levied checking account 3 years after debt disharged | 10/30/2008 |
Q: In 2005 we filed chapter 7 and included our Wells Fargo credit card. When we filed there was a ...
A: How did they levy the checking account? Was it through a garnishment or a direct debit? You need to ...
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| Desperately need advice | 10/28/2008 |
Q: I am 50 years old with 35,000 in cc debt. My only income is SSDI of about 1200 a month and I am ...
A: When in a situation like this your options are limited. From a realistic perspective you need to ...
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| Specific laws regarding Prevailing State for SOL ? | 10/28/2008 |
Q: I have a charged off credit card debt from State of WA - last payment Nov., 2004. The SOL I believe ...
A: This is the statute in your state for written accounts. If the information is insufficient go to ...
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| bankruptcy creditor | 10/28/2008 |
Q: I hold a real estate contract that the debtor has filed chapter 13 bankruptcy. I owned the home that ...
A: I would say you should be able to overcome the fraudulant misrepresentation but will need to retain ...
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| Foreclosure | 10/27/2008 |
Q: I live in Oklahoma. I have my home loan thru USDA Rural Development. They have recently raised my ...
A: Most government guaranteed loan programs for purchase do not collect deficiencies on a foreclosure. ...
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| What can I keep in Bankruptcy | 10/27/2008 |
Q: I was wondering if we can keep our timeshare? We recently got the timeshare and everything was ...
A: If you do not have a lot of equity you may be able to keep the time share if you file a Chapter 13. ...
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| Collection Agency Discussing Debt with Unapproved Person | 10/25/2008 |
Q: On Monday (October 20, 2008), my parents were contacted via telephone regarding a debt that had been ...
A: The agency violated Fair Debt Collection Practices Act by discussing the account and private ...
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| Bankruptcy and checking accounts | 10/25/2008 |
Q: We are in the process of filing bankruptcy Chapter 7 - Texas - 1. can the bank take our money from ...
A: Once a creditor receives notice of a bankruptcy procedings they cannot legally take money or debit ...
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| wage garnishment | 10/23/2008 |
Q: I live in Florida have 3 teenagers, one in fist year of college. Im single and make $36000 a year. ...
A: You may file an objection to their request for reinstatement. More than likely they will hold a ...
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| bankruptcy and lawsuit | 10/23/2008 |
Q: I was served this week with a summons. I have 20 days to respond to a lawsuit filed by law firm for ...
A: If you wish to delay the suit you may request an extension of 30-60 days in which to seek counsel or ...
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| bankruptcy fraud and post creditor | 10/23/2008 |
Q: In the discovery process of our "breach of contract" claim, we discovered that the defendant filed ...
A: Other creditors will not necessarily take priority over your claim but you would possibly be opening ...
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| bankruptcy fraud and post creditor | 10/22/2008 |
Q: In the discovery process of our "breach of contract" claim, we discovered that the defendant filed ...
A: I would need more information concerning the fraud. Were you defrauded and did they file bk against ...
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| Credit Card Debt | 10/21/2008 |
Q: I am a 74 year old retired person. I anticipate a problem with a credit card debt with Bank of ...
A: My suggestion is do the best you can with what you have. You are virtually untouchable. You may be ...
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| Creditors and Bankruptcy | 10/21/2008 |
Q: I am currently experiencing a financial collapse. I have been in default for two years for a huge ...
A: Of course it is your choice how you deal with this but there will be a public record anyway. Whether ...
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| Creditors and Bankruptcy | 10/21/2008 |
Q: I am currently experiencing a financial collapse. I have been in default for two years for a huge ...
A: You are still taking the risk that you will not be successful in getting the judgment overturned. ...
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| secure loan | 10/20/2008 |
Q: My dad pulled out a secured loan using his car as collateral. He passed away recently the credit ...
A: If the loan is paid off you should have a free and clear title and cancelled loan documents. If it ...
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| new marriage with old bad debts | 10/16/2008 |
Q: Greetings: I just recently married a man that has very poor credit and several outstanding debts. He ...
A: The cease and desist letters will only stop the phone calls. It wont stop any of the serious ...
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| Creditors and Bankruptcy | 10/16/2008 |
Q: I am currently experiencing a financial collapse. I have been in default for two years for a huge ...
A: It sounds like you are doing the right things. Staying in touch, giving limited information, and ...
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| Collection Fees | 10/16/2008 |
Q: Approximately 6 months ago I went through a toll road in Austin, Tx. I did not have any spare ...
A: To be honest this is the first time I have dealt with toll fees. Normally any type of collection ...
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| Between a rock and a hard place! | 10/16/2008 |
Q: here is my situation: I am 28 years old and had a Chapter 7 discharged in 12/05. I was in the ...
A: How long did you work for the mortgage company? My background is in mortgage lending and ...
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| Bankruptcy? | 10/13/2008 |
Q: I am in need of some advice on bankruptcy. Last month I had to have surgery which ended up costing ...
A: One thing about debt collectors, they cannot collect what you do not have. If you are unemployed ...
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| please advise me | 10/12/2008 |
Q: my question is i have over 10 past due credit cards account which total over 35,000 that have been ...
A: You can relax for starters. If you have no income from wages and no assets the creditors cannot ...
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| Garnishment of credit union SS deposits | 10/11/2008 |
Q: Can a credit card company freeze my SS deposits in my credit union in the event of credit card ...
A: They cannot legally seize the account but if they are not aware that the funds in the account are ...
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| Discharge of debt under | 10/7/2008 |
Q: I recently received a letter that my former landlord is filing Chapter 7 Bankruptcy. In mid-July, a ...
A: If you are referring to this particular instance I do not believe it applies. I believe it refers to ...
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| cc debt | 10/4/2008 |
Q: i have 4 cc's maxed out, some at set interest but 1 with largest balance $35k at 0% for a few more ...
A: One option you may have is to contact them and ask for the hardship or credit counseling dept. and ...
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| Discharge of debt under "debts for willful and malicious injuries to person or property" | 10/3/2008 |
Q: I recently received a letter that my former landlord is filing Chapter 7 Bankruptcy. In mid-July, a ...
A: You may object to the discharge of the debt but it is up to the bankruptcy courts to decide. If you ...
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| Credit Protection in Legal Separation | 10/2/2008 |
Q: I am currently seeking a Legal separation due to husband of 31 years bad financial situation. Will ...
A: A legal separation may protect you from future debts but will not protect you from any existing debt ...
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| 24K in cc debt how do I manage this? | 10/2/2008 |
Q: I am very anxious to see how I can take a hold on this. I have 24K in cc debt accumulated through ...
A: You might look into a debt management program through a non profit debt counseling agency. Most ...
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| Chapter 7 and keeping our home? | 10/2/2008 |
Q: We are considering filing a Chapter 7, but still keeping the home. Our lenders are currently trying ...
A: I would wait to file until after they modify the loan. Make sure it is a true modification though. ...
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| bankrupcy | 10/2/2008 |
Q: I wrote before, but I forgot to put some information. I'll start over. We bought 3 properties when ...
A: I know what you are saying. I hear it all the time. I know how the lenders are but sometimes it ...
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| bankruptcy | 10/1/2008 |
Q: i have about $84000 in credit card debt in my name only, i am current and trying to stay that way, ...
A: I do not believe you would qualify for a chapter 7 bankruptcy because of the amount of equity you ...
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| One spouse filing bankruptcy | 10/1/2008 |
Q: We are both 50ish, married 2 years. I had wrecked my credit by late payments but no bankruptcy. ...
A: This depends on whether she includes any of your debts in the plan. If she includes joint marital ...
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| foreclosure and bankruptcy | 9/30/2008 |
Q: we got into real estate at the wrong time, now have 3 rental houses that we can't sell other than to ...
A: Whoever told you they could not fix your rate is not being truthful or has no clue what they are ...
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| credit fraud | 9/29/2008 |
Q: My husband and I have been married for 8 years but recently seperated. For years I have used a ...
A: It is not likely they would pursue prosecution. You were an authorized user and until he notifies ...
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| old bad debt | 9/27/2008 |
Q: I have two old credit card debts that I have had no contact with since 1995. These debts fell off my ...
A: I need to know what state you are in. Each state has a statute of limitations for collecting debt. ...
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| Bankruptcy | 9/26/2008 |
Q: My husband leased a truck with an ex-fiance in 2001 and when they split he took the truck willing to ...
A: I would think that the mail would have been forwarded if he put in a change of address. It may be an ...
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| Foreclosure vs. Bankruptcy | 9/26/2008 |
Q: I am upside down on my house which i do not live in since I'm in the military. I do not wish to ...
A: God bless you for your service. It will not go unrewarded. One of the best options would be to list ...
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| foreclosure and bankruptcy | 9/25/2008 |
Q: we got into real estate at the wrong time, now have 3 rental houses that we can't sell other than to ...
A: If you have equity in your home you may not be able to file bk 7. The house that goes through ...
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| Bankruptcy | 9/22/2008 |
Q: My husband leased a truck with an ex-fiance in 2001 and when they split he took the truck willing to ...
A: BY law they are supposed to give written notice to all signers of the date of sale or auction and ...
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| bankrupcie | 9/20/2008 |
Q: If ur car was repo and u file bankrupcie chapter 13 will u get it back
A: It depends on how long it has been since they repossessed the vehicle but I would say probably so if ...
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| just got a summns for credit card | 9/19/2008 |
Q: im currently unemployed and have been since the beginning of march 08'... I just got a summons for a ...
A: If you have no income or assets the worst that can happen at this time is for the creditor to obtain ...
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| charge-offs | 9/19/2008 |
Q: I have 4 charge-offs on my credit report. One creditor sued me, we settled and the complaint was ...
A: Although there is no way to accurately predict whether a creditor will sue you it is most likely ...
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| OUT OF OPTION | 9/19/2008 |
Q: I have been disputed my credit report since 4/2008 and feel I am getting no where with Experian and ...
A: In order to give any advice in this matter I would need more information concerning the type of ...
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| Summoned and making first payment at the same time | 9/18/2008 |
Q: I received a letter a few weeks ago stating that if I didnt make any arrangements this debt would go ...
A: Yes, Make sure youtake the program paperwork to court with you. As far as the dmp counselor goes, ...
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| Summoned and making first payment at the same time | 9/17/2008 |
Q: I received a letter a few weeks ago stating that if I didnt make any arrangements this debt would go ...
A: There may be a problem with your debt management program including this account in the debt ...
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| debt & statue of limitations | 9/15/2008 |
Q: i had a couple credit card chargeoffs in 2001 i am a oklahoma resident @ tht time i was a student, i ...
A: If you never responded to a summons they probably got a default judgment against you. This account ...
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| Chpter7/foreclosure | 9/13/2008 |
Q: Ok, kinda long sorry. My husband bought a house with his GIRLFRIEND like in 2003 or 2004 anyways ...
A: The question would be whether he can qualify for a chapter 7 bankruptcy or a chapter 13. If he can ...
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| being sued by credit card company | 9/11/2008 |
Q: I received a summons from the sheriff on 05/08/2008. Responded with intend to defend on 05/31/2008, ...
A: You seem to be relatively safe from collection so even if they get a judgment they cannot get ...
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| being sued by credit card company | 9/11/2008 |
Q: I received a summons from the sheriff on 05/08/2008. Responded with intend to defend on 05/31/2008, ...
A: Make your request through the courts and defend yourself against their action. You may also ask for ...
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| Student Loan Defaulted | 9/6/2008 |
Q: I have a student loan that has been in default since 2000. I am currently unemployed and have been ...
A: I d not believe legal aide can help but you might try contacting them. If you can gather ...
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| voluntary repo or bankruptcy? | 9/4/2008 |
Q: I am trapped in a huge financial whole due to an ex-boyfriend using my financial information ...
A: That changes things a bit. You may still need help straightening out the fraud accounts though. ...
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| Debt in a foreign contry when living in USA | 9/4/2008 |
Q: I just receive a letter from an us debt collector about a debt I have in France. We are here since 6 ...
A: It is possible they could file suit against you here and yes it may affect your credit score. I ...
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| BANKRUPTCY OR FORECLOSURE | 9/4/2008 |
Q: I am filing a chapter 7, but I have a couple of accounts held jointly with my wife, i.e. 2 ...
A: Sorry to say that if you include the timeshares they will probably attempt to foreclose or collect ...
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| bankruptcy | 9/1/2008 |
Q: the house and 2 cars were not to be included as we will continue to pay on these. well I pulled up ...
A: You may write a letter to the credit bureaus disputing this information. If the car and home were ...
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| voluntary repo or bankruptcy? | 9/1/2008 |
Q: I am trapped in a huge financial whole due to an ex-boyfriend using my financial information ...
A: I would need more information concerning the fraud. You may be able to get out of it if it is truly ...
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| Bankruptcy ,only option | 8/31/2008 |
Q: I will try to be short. I own two houses , one our primary and one that I have rented. I am doing OK ...
A: although bankruptcy is an option the only way to really make that determination is to put your ...
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| debt relief | 8/30/2008 |
Q: My uncle died 2 years ago and my 76 year old aunt is struggling to make the $900 loan and insurance ...
A: You may be able to settle the debt for whatever you can sell the RV for. Lenders will consider this, ...
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| bk | 8/30/2008 |
Q: i have a question for my aunt that dosnt have acess. she wants to know about bankruptsy -if she can ...
A: I do not believe she would qualify for Chapter 7 straight bankruptcy with the amount of equity she ...
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| turning in vehicle and bankruptcy | 8/29/2008 |
Q: We (my wife and I) are planning on claiming bankruptcy in a few months because we have several ...
A: If you purchase a car then file bk you may not be able to keep the car unless you wait six months or ...
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