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If you have equity in a home you own to lease out and you can no longer afford your current home can you move into the other home and file bankruptcy?
Wiki User
∙ 8y ago
The terms of BK differ depending on whether you are filing state or federal. Before making any decision you need to find out which house qualifies as your primary residence. That would be the property the homestead exemption can be applied to. It might be beneficial to consult an attorney that specializes in bankruptcy. They usually give free consultations or for a minimal fee.
Wiki User
∙ 8y ago
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You are financing a vehicle but you can no longer afford payments what can you do?
Talk to the lender, or you can file Chapter 13 Bankruptcy to lower the payments where you can afford them.
Can credit cards be used after someone files for bankruptcy?
Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.
Can you get a home equity loan with no mortgage?
You can get a home equity loan with no mortgage but the process is a lot longer than the normal loan process. If you are interested in getting a home equity loan, please visit http://austinhomemortgageloan.com, we will be happy to assist you!
Will bankruptcy automatically fall off credit score and when?
Bankruptcy should be removed after 6-7 years from discharge, if you have another bankruptcy within 6-7 years, it will take longer to remove or could be permanently on your file
What do you do when you can no longer afford your home?
The usual strategy when you can no longer afford your home is to seek less expensive housing. An alternative strategy would be to rent part of your home out to someone else, in order to increase your income so that you will be able to afford your home. Maybe your home can be more intensively utilized.
You are financing a vehicle but you can no longer afford payments what can you do?
Talk to the lender, or you can file Chapter 13 Bankruptcy to lower the payments where you can afford them.
Why is circuit city is closing down?
Circuit City is closing because it has gone bankrupt and can no longer afford to stay open.
What happens to a judgment lien in a bankruptcy?
If the bankruptcy is discharged you are no longer responsible for the debt.
What do you do if you can no longer afford to live?
Change your lifestyle.
Is chapter 13 bankruptcy longer than five years?
No.
Is ordinary shares a current or non current assets its a debit on the trial balance?
it would be a non current asset as you plan to have shares generally for longer then a year. it would be on the debit side=] but i think ordinary shares are equity =O mind f**** i dunno im studdying it too lol
Can credit cards be used after someone files for bankruptcy?
Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.
If a vehicle was voluntarily surrendered and sold can collection on the difference be stopped with bankruptcy?
With new bankruptcy laws that is no longer possible. If the person files for bankruptcy and includes the vehicle they will have to pay the entire amount of the loan.
What are the options when you can no longer afford to make the 2nd trust deed payments and the 1st trust deed payment is current and the home is upside down in equity just from the 1st trust deed loan?
Generally: If you default on the second mortgage the mortgagee can foreclose and take possession of your interest in the real estate subject to the first mortgage. The second mortgagee can take advantage of your equity in the property to satisfy the debt you owe. You should consult with an attorney who can review your situation under your state laws and determine what your options might be. Perhaps a settlement can be negotiated with the second mortgagee.
What to do if you can no longer afford to continue your car loan payment?
sell it and get a moped.
Can you get a home equity loan with no mortgage?
You can get a home equity loan with no mortgage but the process is a lot longer than the normal loan process. If you are interested in getting a home equity loan, please visit http://austinhomemortgageloan.com, we will be happy to assist you!
Will bankruptcy automatically fall off credit score and when?
Bankruptcy should be removed after 6-7 years from discharge, if you have another bankruptcy within 6-7 years, it will take longer to remove or could be permanently on your file
