Posts Tagged ‘ch 7’

What happens to my foreclosed mortgage debt if I switch from Chapter 13 to Chapter 7 bankruptcy?

In Jan. 2008 I filed Ch. 13 in a frantic attempt to keep my home. In the end, I ended up losing the property due to raising ARMs. I am still in the Ch. 13 and am wondering if I couldn’t switch to a Ch.7 instead? If I do switch to a chapter 7 can my mortgage debt be included in the Chapter 7 or can they go after the co-signor at that point?


Related Blogs

 Mail this post

Technorati Tags: , , ,

What happens when one of two owners of a property files bankrupt?

My friend and I have a condo. The loan is in her name and both of our names are on the title. She has filed bankrupt CH 7 and included the mortgage. What happens in this case when my name is not on the mortgage but it is on title?


Related Blogs

 Mail this post

Technorati Tags: ,

Saving small business assets through personal bankruptcy?

I have a small business… sole proprietorship…. i’m having to file personal bankruptcy…mostly credit card debt and medical bills. Can I protect my business assets (my computers and some other stuff are exempt under Ch 7, but not office furniture which exceeds the personal exemption) if i convert it to a corporation a few months before filing?


Related Blogs

 Mail this post

Technorati Tags: , , , , , , , ,

How long after chapter 13 bankruptcy can you purchase a home?

Everything that i’ve read says that you can get a home after 1 year in a ch 13 bankruptcy, 2 years after ch 7 bankruptcy, and 3 years after a foreclosure. I am about to file a chapter 13, and wonder how long would I have to wait before I could purchase a home. Does anyone know the actual rule and could you point me to the website or where you got your information?

Thank you!


Related Blogs

 Mail this post

Technorati Tags: , , , ,

Powered by Yahoo! Answers