The trustee in my case offered to settle for $10K "in light of the potential value" of a third of a company's stock. The c-corp I run and co-founded was rightly listed in the petition as "debts exceed assets" and wouldn't exist if I walked away and the other shareholders wouldn't...

I filed chapter 7 in April, 341 went well. Shortly after 341 my lawyer said a creditor was intending to object to discharge and would settle for $5000 (the overall balance was $16000). They claimed that I charged $5000 in the 5 months before filing. I thought there was a 70/90 rule. In the 90 days...

Folks - please take a quick look at the thread below (read from bottom up). I've edited it to disguise the attorney names. This thread is an email conversation b/w My Attorney and Defendant Attorney. It was part of a larger email conversation I was having with My Attorney. I don't think some of...

Just received my discharge in the mail this week. Reaffirmed our first mortgage, but did not reaffirm the second mortgage. My question is: should we continue to pay the second mortgage? I understand a lien will still be there, but just wondering from a financial perspective, if it makes more sense...

Ok, so wife and I are filing CH13 in just over a month. We stopped paying on our CCs in November.

Calls started coming right around Christmas time (fun stuff). Normal collection calls. Nothing to write home about.

Then today we received a call from BOA. It was from...