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What else can I help you with?
How bad is it to do a foreclosure and a bankruptcy at the same time?
You technically should not be able to do both at the same time. The bankruptcy should stop the Foreclosure proceedings in its track.
When do you file bankruptcy letter of intent?
You should file a bankruptcy letter of intent as soon as possible so that your creditors will be on notice. This will stop the harassing calls and foreclosure proceedings if you are behind in your mortgage payments.
Should you sell your shares if the company will declare bankruptcy?
Yes! Lehman's downfall brought the common stock down 94% that day. Then a few days later the shares will be rendered worthless as the bankruptcy proceedings continue.
Who should be aloud to declare bankruptcy?
he goverment
Is bankruptcy better when paying off bills due to a foreclosure?
Bankruptcy should only be a last resort when someone is faced with debt and a foreclosure. Bankruptcy always reflects on someone's records, even when they stumble on new financial opportunities.
When we file the Motion to reinstate does this stop foreclosure process?
Once this motion is recorded it should stop the foreclosure process. Actually, once the bankruptcy is filed, the foreclosure process should already be stopped.
How long after the first bankruptcy you can declare a second bankruptcy?
It takes seven to ten years after you initially declare bankruptcy for it to drop off your credit report, and you really should wait at least 1-2 years after that to declare again I hope that helped.
If you have reaffirmed your house in bankruptcy but then got behind again after being discharged what happens?
The borrower should contact the lender as soon as possible and try to find an equitable arrangement to catch up on missed payments. If the lender is not agreeable to such, foreclosure proceedings will likely be implemented.
What is a dismissal without prejudice pertaining to foreclosure in NC?
This means that the judge dismissed the foreclosure proceedings, but the bank can present the case again. You should get advice from a lawyer about your next steps.
what are adversary proceedings?
Adversary proceedings are proceedings that occur in bankruptcy court. This refers to a creditor arguing that a debt should be paid by the other person in the proceeding, instead of being thrown out or dismissed.
When should you file bankrupt for forclosure?
You should consider filing for bankruptcy before a foreclosure proceeding begins or as soon as you receive a foreclosure notice. Filing for Chapter 13 bankruptcy can help you reorganize your debts and create a repayment plan, potentially allowing you to keep your home. Chapter 7 bankruptcy may provide immediate relief by temporarily halting foreclosure, but it might not allow you to keep your home if you can't catch up on payments. Consulting with a bankruptcy attorney can help determine the best course of action based on your specific situation.
How do you know what constitutes a foreclosure?
Your first notification should be from your lender notifying you that forclosure proceedings have been filed. All states have very strict laws on how notice of foreclosure is given. This sometimes is a plus in staving off foreclosure, which is not as 'cut and dried" as some believe it to be.
