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If you have never been late on mortgage payments and file bankruptcy can the trustee make you sell your house to have more income to pay creditors?
If you have a lot of equity they can take your house, but if your loan is about what the house is worth then they don't want it..... They want to be able to sell somthing to pay the creditors.... It is very rare for a home to be seized and sold in bankruptcy; generally it is done voluntarily by the debtor/filer because they cannot manage the mortgage payments or a reaffirmation agreement is not possible. The state homestead exemption is what protects a home from a forced sale in bankruptcy or in a creditor lawsuit.
When is it too late to file for fafsa 2011?
when is it late to file for fafsa 2011
Is it better to file bankruptsy or be late on bills?
It is less detrimental to your credit score to be late on paying your bills (more than 30 days late) than it is to file bankruptcy.
Is it possible for me to pay my mortgage late?
Yes, it is possible to pay your mortgage late, but doing so may result in late fees, a negative impact on your credit score, and potentially foreclosure proceedings if payments are consistently late. It is important to communicate with your lender if you are unable to make a payment on time.
Can a landlord file a bank levy?
if your tenant owes you back rent and/or late fees, yes you can file with the magistrate court for a judgment against them and provided you have the correct banking information, you can levy their bank account.
What is the bankruptcy law on keeping your home if you have never been late on a payment?
Very few people forfeit their homes in bankruptcy proceedings. A house is a secured debt, and generally a reaffirmation agreement is made with the lender. A homestead exemption is available for either a federal or state bankruptcy procedure. This is generally what protects a primary residence from being sold by the BK trustee. Examples: A state homestead exemption is $25,000 and the homeowner/BK filer has $10,000 equity, the house is then protected. A state homestead exemption is $25,OO0, and the owner/filer has $50,000 the house is not protected and could be subject to a forced sale, with the homeowner receiving the $25,000. Be advised that, homestead laws are applied differently when it pertains to married individuals where only one spouse is the debtor and the couple does not reside in a community property state.
If you have never been late on mortgage payments and file bankruptcy can the trustee make you sell your house to have more income to pay creditors?
If you have a lot of equity they can take your house, but if your loan is about what the house is worth then they don't want it..... They want to be able to sell somthing to pay the creditors.... It is very rare for a home to be seized and sold in bankruptcy; generally it is done voluntarily by the debtor/filer because they cannot manage the mortgage payments or a reaffirmation agreement is not possible. The state homestead exemption is what protects a home from a forced sale in bankruptcy or in a creditor lawsuit.
When is it too late to file for fafsa 2011?
when is it late to file for fafsa 2011
What major laBor strikes took place in the late 1800?
the Haymarket Strike of 1886, Homestead Strike of 1892, and the Pullman Strike of 1893
What major labor strikes took place in late 1800s?
Homestead strike and Pullman strike
i forgot about my tax return and havent file it can i still file?
You can still file your tax return, however, there may be some late fees for the late filing.
I need to file my taxes for the year 2006 it's not to late is it?
it is to late
Is it possible to withdraw an admission in Maine?
An admission of WHAT? Guilt? If the case has already been tried and you have been sentenced, it is too late. You must either file a motion for a new trial or file an appeal of your verdict with the Court of Appeals.
Is it better to file bankruptsy or be late on bills?
It is less detrimental to your credit score to be late on paying your bills (more than 30 days late) than it is to file bankruptcy.
Daughter in Texas who is 20 yrs old Can her mother file for child support?
No, it's two years too late for the mother to file and a year too late for the daughter to file.
How can I file my late federal income taxes?
This website I'm providing has all the possible information you'll ever need when it comes to filing your late federal income taxes: http://www.irs.gov/publications/p17/ch01.html.
When is it to late to file for unemployment in Montana?
today
