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Bankruptcy Recent Legal Answers from Lawyers

Bankruptcy Recent Legal Answers from Lawyers
Yes, if you file bankruptcy it will stop the lawsuit process.  The credit counseling requirement says that you must take a course  within 180 days prior to filing the bankruptcy case.  What that means is that the certificate is good for 6 months after you take the course.  It does not mean you have to spend 180 days in credit counseling.  The course usually takes an hour or so to complete. Whether you should rush to file bankruptcy, or file a response to the Summons, and which Chapter of bankruptcy you are eligible for and whether it would be your best option, can only be determined after having a comprehensive consultation with a qualified bankruptcy attorney in your State.  I strongly suggest scheduling a consultation appointment to go over your options.  ... Read More
Yes, if you file bankruptcy it will stop the lawsuit process.  The credit counseling requirement says that you must take a course  within... Read More

California Stock Co Op Faces foreclosure

Answered 25 days ago by attorney Bankruptcy Attorney Mark J. Markus   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
Bankruptcy can at least temporarily stop the foreclosure if filed by the current owner of the property.  The HOA lien would need to be dealt with somehow and there are different options for doing that depending on the specific facts involved.  You mention that your father owned stock in the "Co op" (which I assume means condominum).  That implies that the condominium is owned by a corporation or LLC. In that case you would be talking about a Chapter 11 case for the corporation. You should have a consultation with an experienced bankruptcy attorney in the  area where the property is located.... Read More
Bankruptcy can at least temporarily stop the foreclosure if filed by the current owner of the property.  The HOA lien would need to be dealt... Read More
Here in the Central District of California you can file a Motion to Modify Your Plan or Suspend Plan payments.   Has the Trustee already filed a Motion to Dismiss your case?  If so, you must also respond to that.  You need to discuss all this with your bankruptcy attorney as they are in the best position to advise you on how to catch up on your payments.   It depends on what your budget is, what your plan percentage is, and other factors.... Read More
Here in the Central District of California you can file a Motion to Modify Your Plan or Suspend Plan payments.   Has the Trustee already... Read More

Can I file for bankruptcy

Answered a month ago by attorney Bankruptcy Attorney Mark J. Markus   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
If you are asking whether the debt to LoanMe is dischargeable in bankruptcy, the answer is yes--most likely. If that is your only debt, it probably does not make sense to file bankruptcy as the cost to file is going to be pretty close to that amount.  
If you are asking whether the debt to LoanMe is dischargeable in bankruptcy, the answer is yes--most likely. If that is your only debt, it probably... Read More
No one is going to help you pro bono.  If it is worth doing, it is worth paying for a lawyer to do it.  You likely can file in NY, but more information is needed.
No one is going to help you pro bono.  If it is worth doing, it is worth paying for a lawyer to do it.  You likely can file in NY, but more... Read More

apply for bankruptcy

Answered a month ago by attorney Michael D. Siegel   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
Call a bankruptcy lawyer.
Call a bankruptcy lawyer.
As long as you maintain the payments on the vehicle, the cosigner should not be affected.  
As long as you maintain the payments on the vehicle, the cosigner should not be affected.  
The first step is to have a consultation with a bankruptcy attorney in your state.   If you have no assets and SSI is your only income,  you are judgment-proof and probably do not need to file bankruptcy, although you can if you want to avoid the annoying phone calls and collection attempts. I offer free initial phone consultations if you are interested.... Read More
The first step is to have a consultation with a bankruptcy attorney in your state.   If you have no assets and SSI is your only... Read More

will filing backrupsy stop a propery tax sale

Answered a month ago by attorney Michael D. Siegel   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
For a short time.  You cannot do a modification of tax debt.  It must be paid.
For a short time.  You cannot do a modification of tax debt.  It must be paid.
It is possible.  It will depend upon the value of your silent interest as well as a number of other factors such as what type of bankruptcy chapter you file under,  what other assets you possess, how much income you derive from the llc, etc.  My personal focus is on bankruptcy and I would be happy to answer further, however I need more details.  Feel free to contact us.... Read More
It is possible.  It will depend upon the value of your silent interest as well as a number of other factors such as what type of bankruptcy... Read More

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