Bankruptsy for someone not able to work
My father-in-law recently had major heart surgery, and due to his health cannot work. He has many bills that he cannot pay back in a reasonable amount of time, and is considering bankruptsy. He has nowhere to live, but has the opportunity to purchase a cheap mobile home. Should he make the purchase, then file for bankruptsy, or file for bankruptsy then make the purchase? Or is bankruptsy not advisable? Thank you for your help.
Understanding Chapter 7 Homestead Exemption
After a car accident in 1999, my husband and I have lived off of our credit cards, until they were maxed out. Currently the minimum payments are getting harder and harder to make, and we have fallen behind. We are looking into Chapter 7 filing, but are confused about the homestead exemption in KY. I used my $40,000 settlement to pay down our mobile home. It’s current value is $43,500 and I have a loan against it for $12,500. Would we lose our home if we filed Chapter 7? Our only other assets are a car valued at $2,500, with a lien on it to my father, and a truck valued at $200. Would we lose one or both of those vehicles under Chapter 7?
Forclosure after bankruptcy
I had a bankruptcy discharge in June of 1999 where I only kept my mobile home. Everything else was discharged. Since then, I only work as an independent demonstrator for a stamp company and earn approx $300 a month and my husband lost his job in June 2002. The mobile home is in my name only and I cannot afford to keep it any longer and pay my lot rent. I know I cannot file bankruptcy again now but what happens if they foreclose? Can they make my husband pay for the home if his name is not on the loan? I was not married when I bought it. I have 3 credit cards and all the utilities in my name and this mobile home. Can they force me to pay for it when I have no income?
What are my rights after filing chapter 7
My ex-wife and I filed chapter 13 before our divorce and then after the divorce I converted to a chapter 7 to release me from all of the debt. My ex-wife kept the mobile home but I still get late payments hits on my credit report when she doesn’t pay. I notified the Bank of their mistake and they informed me there wasn’t a mistake, and stated that I can get out of the debt but they can still make life miserable for me. Is there a law to protect me from creditors messing with my credit? Thank you……
need an attorney familiar with mobile home residency law of calif., for a chapter 13 filing. thanks