Ford takes the position you have to reaffirm. Toyota, HSBC, do not. WFS used to say retain and pay but now they are Wachovia and they seem to want a reaffirmation agreement. I have generally not advised explicit assumption of car leases in Chapter 7, with no ill effects that … View full post on [...]
Ford takes the position you have to reaffirm. Toyota, HSBC, do not. WFS used to say retain and pay but now they are Wachovia and they seem to want a reaffirmation agreement. I have generally not advised explicit assumption of car leases in Chapter 7, with no ill effects that … View full post on [...]
Rules say that fraud has to be plead with specificity I lost a motion to dismiss where the trustee was the plaintiff, the judge found a case from S.D.N.Y. where the court cut the trustee some slack b/c the trustee wasn’t involved in the original transaction. I still think that where the creditor is the [...]
Chapter 7 bankruptcy, client happens to be an attorney and happens to be in the middle of his second divorce. $70,000 in credit card debt. Second wife’s name was on some of the credit cards.(they are now separated) $130,000 in debt from attorney fees that he was using to divorce first wife but debt incurred [...]
A legal interest is a legal interest, regardless of the intent when it was created. Often the parents retain a life estate which reduces the value, depending on the age of the parents. With any luck the parents are young and healthy and your client is one of five siblings which have an interest, and [...]
My client was working for the Pentagon up until 2009. He is a disabled veteran. He was working for the transportation section at the Pentagon providing security for Congress. He mentioned that his job involved Homeland security. so long as he’s at least 40% disabled and the debt you’re trying … View full post on [...]
Credit repair is a process in which an individual cleans up his or her credit report leaving only the person’s actual debts with actual amounts. Only the wrongly reporting creditor can inform the credit bureaus to make a change but the individual can issue a challenge to the bureaus of any debt or debt amount [...]
There are times when you struggle to pay taxes on income. There are several factors cause this problem occurs. A main cause is economic hardship. Your finances today can not be sufficient to pay the taxes. In case you skipped paying taxes in previous years, it is very important for you to seek help for [...]
The disposable income available, per the B22 form, has been reduced by a secured debt payment on a second mortgage we hope to cram down in a 13. As a result of the cram down that payment will not appear on Sch J. It is my view that B22 has absolutely no relationship to I [...]
I have a PC that filed Bankruptcy a chapter 13 petition to stop the foreclosure of her 5 properties, 1 of which was about to be auctioned off. That has been canceled for now. Well, she quit claimed (if you can add someone to a title by doing this) her property to add another person [...]
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