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what happens to 2nd mortgage when you file chapter 13 and value of first is lower than value?

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Explore the latest questions and answers related to "what happens to 2nd mortgage when you file chapter 13 and value of first is lower than value?"
Vegas Jim

Answered: During a chapter 7 whats happens to my bank account and wages from my

Chapter 7 allows you to keep $1000.00 in your account all others goes to the court. So, prepare in advance. Your job is not affected except your income is used to determine if you qualify for chapter 7 or 13. Each state has a different guidline check with a lawyer. Visit the http://debthub.blogspot ...
Sherly

Answered: What are the consequences for not filing for bankruptcy?

Most of the time, not filing for bankruptcy is much worse. Here are some of the consequences of not filing for bankruptcy. Your Assets May Be Repossessed, You May Lose Your Home, Government Agencies Can Garnish Your Wages..etc. You can get more information about bankruptcy questions at Diy4law
Me

Answered: What do 2nd grade pants look like?

>.< >.< Nice pants LOL >.< >:-?
Beck Saffary

Answered: If i filed chapter 13,with credit card ,medical ...

I would say yes. Make sure you are not behind on your mortgages and value your home on your schedule A above the mortgages, by no more than the exemption amount in your state.
David Reed

Answered: Should you pay 2nd mortgage if your not paying first

Why aren't you paying your first? Can't? Dispute? If you go into foreclosure, your first lien holder will sell the property and payoff the first lien, past interest, attorney and closing costs. Any remaining funds will then go to pay off the balance on the 2nd lien. You need an attorney for this ...
Sherly

Answered: How long does the Chapter 7 bankruptcy process ...

Usually, once the bankruptcy papers are officially filed, it takes a month or two, depending upon the courts to set a date at which one will appear. At the time of the court date, providing all papers are in order, the court will declare one bankrupt. This is then the end of most but not all ...
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What happens if the Chapter 7 is denied? Can a chapter 13 be filled

Yes, You can file a chapter 13, however find out why your chapter 7 was denied was it a mistake on your part, was it a fraud, or you may have forgotten to finish your education. (post petition Course). If the denial was because of your income calculation then file a 13 or 11 case which ever ...

Can the second mortgage foreclose if the first is paid current?

Your 2nd is a lien on your property, a chapter 7 bankruptcy will remove the financial responsibility from you and the Lender can foreclose on the lien. You can file for chapter 13, 0r 11 depending on the amount of your secured debt andstrip the second mortgage from the property. Consult a lawyer ...

I filed chapter 13 which included a personal loan ...

It all depends, was the lien holder also insured under your policy, If not the check would be made only to you if you are only payee. Try to call the lender and deal with them. They may release the car since it was not the purchase money.

Bankruptcy attorney won't file

At this point, you need to consult with another attorney. Depending on the issues attached to your case - you really need to speak to another attorney immediately. Drive to another town if you have to if you feel you need to save face with your current attorney - pay a consultation fee for a new ...

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