Hi, my father has some serious health issues and so our bk attorney suggested we ask my dad to modify his will such that anything my wife and I were going to inherit would instead go to our children. We've done something similar with our life insurance - kids are primary beneficiaries now instead of...

First, I would like to say I am new to the forum - started reading when we were contemplating filing a couple of weeks ago and saw a lot of good advice
I searched through the FAQs and topics and couldn't find a similar question.

We filed on 5/17/2022 so first payment is due no later...

Can someone avoid a 341 meeting or not show up in hopes of getting the involuntary Chapter 7 case dismissed?

I'm a creditor in a Chapter 7. The Debt was obtained by Fraud and in a Dissolution of Marriage so it should not be able to be discharged. In short the debtor committed Fraud and...

I filed Chapter 13 bankruptcy to stop a property tax foreclosure (tax sale) on a house that I wanted to keep. Before filing BK, I also owned another house and put it up for sale, hoping that the closing would go thru before the need file bankruptcy, so I could pay-off the back taxes on the house I...

Hi,

We recently were able to purchase our leased truck from Chrysler using subprime lender Westlake Financial.

We got a rate of 9.49% which seemed pretty good, given the circumstances.

When I went to plug the loan details into Quicken, however, for the given amount,...

I recently received offers from Best Egg (pre-selected,14.99-24.99% with no printed limit) and Mercury (pre-approved,27.24% with a $3000 limit listed). Has anyone dealt with either credit card and what is your advice? Should I try to open accounts with both, neither or one?
My score dipped back...

Hey everyone.
We are 8 weeks post-discharge.
We checked our preferred credit union for credit cards, and their info states: "The Credit Union credit cards are issued by Elan Financial Services, through a third-party service arrangement."
We each had an Elan credit card....

In a BK case there may be many interested parties. For example, Debtor may have (3) credit cards, (2) collection companies, (1) mortgage company, (1)car loan company as creditors. Then the (1) court is interested as is the (1) judge and of course the (1) Trustee and (1) U.S Trustee.

Lets...

My husband may get a job offer soon. If so, we will need to sell the house ASAP.
As I understand it, no sale can take place until the case closes, even with an investor.
Our plan is to wait and see if the offer comes, then contact the attorney and ask him how we can go about getting the...

We are now considering a cash sale to one of the above home investment buyer groups for distressed sellers like ourselves.
Bk13 totally disenfranchised us, and we just have to get past one final rip off to hopefully have a chance for a normal life, like everyone who wasn't forced to file bk13...

Looking for some clarity here as I'm really confused,

I filed Chapter 7 last year around 2nd quarter and it was discharged and closed before the year end. Part of the process, of course, was sending my bankruptcy trustee my tax documents for the previous 3 years including 2020 tax information....

Hi Every One,

Very much appreciate this forum and everyone that contributes. I have been reading and following this for over a year, knowing that at some point I’m going to have to file Chapter 13. Unfortunately, now I wonder if I have waited to long. I live and have a home in Arizona...

This a question for the gurus like justbroke and shipo. My husband found out today that a house under contract directly across the street from us with in walking and window perusing distance, sold for 85k over asking price (from 625 K to 710 K) While this is not much in NY, WA, MASS. NH, etc., that...

If a person is going through chp 13 bankruptcy and the person in bankruptcy is seeking to pay a 2nd mortgage outside of the plan, can a modification of the 2nd mortgage be to where there is a deferred principal balance that is given?

Hi there. I am halfway through a 3 year chapter 13. I would like to increase my credit score so when it is discharged I would get better rates for future loans. What I have done so far is this.

Got a car loan for 14k
Secured credit card for $300. Pay it off every month.
...