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All questions related to consumer and business bankruptcy, debt management, and personal finances are welcome. Serving clients in the DC-metropolitan area since 2005, I am licensed in Virginia and the District of Columbia. I have provided counsel to hundreds of clients with a wide variety of complex legal and financial issues. Feel free to visit my All About Bankruptcy blog for more information.
Serving clients in the DC-metropolitan area since 2005, I am licensed in Virginia and the District of Columbia. I have provided counsel to hundreds of clients with a wide variety of complex legal and financial issues. * Bankruptcy Chapter 7 * Bankruptcy Chapter 13 * Bankruptcy Chapter 11 * Bankruptcy Terms * Foreclosures * Mortgage Issues * How to Save Your Home * How to Rebuild Your Credit * Property You Can Keep * Car Repossession * Debt Test * Tips for Consumers in Debt * What to Expect in Court * Washington, D.C., Exemptions * Virginia Exemptions * Checklist of Key Changes in Bankruptcy Law * Changes in Chapter 7 & 13 Bankruptcy Law * Big Changes in Bankruptcy Law
DC Bar, VA Bar
http://www.lee-legal.com/bankruptcy-blog
I am a graduate of Rutgers University and the George Mason University School of Law.
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Your friend can file a Chapter 13 bankruptcy and strip the second lien. Even though he doesn't owe on the second mortgage, due to the Chapter 7, the lender still has a valid lien against the property
Your creditors (and their collection agents) don't care about your condition or circumstances. They only care about how much you can send them, and when. You should strongly consider a <a href=" http://www
Unsecured credit cards will build your credit faster than secured cards, so transition as soon as possible. If you can, keep both, but be sure NOT to carry monthly balances on charge cards, because the
If you did not file a reaffirmation agreement for the car in your Chapter 7, then the debt was discharged in the Chapter 7 and is being reported correctly. The fact that you paid off the car and obtained
The lender can contact your parents because they are not protected by your automatic stay. See http://www.lee-legal.com/bankruptcy-info/automatic-stay for more information. Brian V. Lee, Esq.
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