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What else can I help you with?
When you are in bankruptcy should you continue to pay for your homes hazard insurance?
Bankruptcy and Homeowners InsuranceYes, You should continue your homeowners Policy until such time the the property has been transferred back to the lender or to another owner.So long as the property is in your name, whether your in bankruptcy or not, you are still liable for any damages.
How can you split the house or equity in the house if your husband is in bankruptcy 13 at the time of divorce?
Generally, Home Equity up to $150,000 is exempt from a bankruptcy if the property is HOME STEADED.
If your friend is on a house loan with you and you pay the payment every month on time but he is filing bankruptcy could they still take the house from you?
The deed to the property is what determines ownership and what action can be taken against the property during bankruptcy or the execution of judgment.
How does a time share work?
A time share works by you paying a percentage of a total for a house, condominium or apartment. Other people pay the rest of the percentage and you all share the property.
How a time share works?
A time share works by you paying a percentage of a total for a house, condominium or apartment. Other people pay the rest of the percentage and you all share the property.
Is there a period of time after filing for bankruptcy you should wait for income that isn't affected?
In a chapter 7, no post petition income constitutes property of the bankruptcy estate. So to answer, no. In a chapter 13 or 11, all post petition income constitutes property of the estate.
What do time shares do?
Usually a resort type location, a time share is a piece of property that several people have partial ownership of. Every person who owns a part of that time share can use the property for purposes such as vacationing or renting it out to other travelers.
Will your 2 week time share property be absorbed in my bankruptcy?
If your speaking about your own personal BK....the holding is treated like any other asset...it may well be sold to generate funds for those debts your asking the court to resolve. BANKRUPTCY INVOLVES ALL YOUR ASSETS AND ALL YOUR LIABILITIES...YOU DO NOT PICK AND CHOSE. All are included and given different status, including exempt, by the court. If it has value, shouldn't it be used to pay your debt? You really don't think you can go BK, escape paying for things, sticking others with a loss for what you took, and yet keep the goods and/or other things too, do you?
Can you file bankruptcy during the redemption period?
Yes, you can file for bankruptcy during the redemption period. The redemption period typically refers to the time frame after a foreclosure or repossession when a borrower can reclaim their property by paying off the debt. Filing for bankruptcy during this period may provide legal protection against creditor actions and could potentially allow you to keep your property, depending on the type of bankruptcy filed and the specifics of your situation. However, it's important to consult with a bankruptcy attorney to understand the implications and options available.
What is removed from stay from your mortgage?
In bankruptcy law, an automatic 'stay' is an order goes into effect when a person files for bankruptcy. It prohibits creditors from taking certain actions against you including foreclosure proceedings. The stay gives the court time to gather all the information it needs to make a fair distribution of bankruptcy assets. The automatic stay can be lifted from certain property by the court so that property can be sold. Lenders frequently request relief from the automatic stay so a foreclosure can proceed. That relief is often granted and property can be sold."Remove from stay" is a way to say that the bankruptcy court has allowed a motion to sell the property at a foreclosure sale.
Can filing for bankruptcy remove a foreclosure from your credit report?
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.
Where can I find timeshare rentals online?
You can find a listing of time share rentals online. You can either search through the specific time share hotel or property or through a rental classifieds ad.
