Tag Archives: Chapter 7
-
What is a cosigner? A cosigner is usually a friend or family member who signs a legal document or contract and promises to pay your loan in the event you are unable. When a consigner signs a contract, this individual becomes legally liable for the debt. According to bankruptcy laws, the lender/creditor views the cosigner… Read More »
-
When you are in financial distress, staying on top of your mortgage can be difficult. Are you considering bankruptcy as an option? Before filing bankruptcy, you should take a moment to understand how it may affect your mortgage. We explain to our clients seeking bankruptcy that they have two options: Chapter 13 or Chapter 7…. Read More »
-
A knotty problem that surfaces from time to time in Chapters 7 and 13 is the omitted or undisclosed asset. In many of these cases, the omitted or undisclosed asset is a claim or right to payment based on a claim for a personal injury or a claim for worker’s compensation which, for whatever reason, is not disclosed in… Read More »