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Just to clarify, My house got foreclosed on about 2 years ago. The house was worth $50,000 and the bank sold it finally for $15,000. Now, since I live in Iowa, the loan was sold off to the Rural Develupment and now they are coming after me for $35,000. My main question is: If I file for bankruptcy now, will it take care of this $35,000?
What else can I help you with?
You have lived in sc for 4 years will have 2 condos foreclosured on soon am returning to ca-will probably need to file chap 7 there 1 will ca bankruptcy include hoa assessments in arrears?
Your bankruptcy attorney can help you answer your question.
Can you file Chapter 7 and keep your house and car?
Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?
You have to, it is a debt...it is just a secured debt...by the lien on the property.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
How soon after receiving a settlement from an accident can you file bankruptcy?
This will be considered an asset. You cannot file bankruptcy if you have a number of assets that can be used to pay your creditors. Depending on the amount of the settlement, you should wait years to file bankruptcy.
What if you had file bankruptcy and you kept your home what do you have to do to get in the bankruptcy now?
You need to start off by talking to your bankruptcy experts. They should be able to help.
Will my mother-in-law loose her house if my husband's name is on her deed and we file for bankruptsy?
Yes. That issue should be discussed with an attorney before filing a bankruptcy.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Do you keep your house when you file bankruptcy?
I believe you can, by reaffirming the loan, but I don't know the details.
You own a small LLC construction company and need to file bankruptcy. You don't want to lose your house what should you do first?
Bankruptcy is governed by federal law and must be filed in a United States Bankruptcy Court. While individuals may file without an attorney, corporations and partnerships mustbe represented by an attorney. You need to consult with and hire an attorney who specializes in bankruptcy and who has a good reputation.
