Chapter 13....Chapter 7 Letter to "Ask Leon"My husband and I filed chapter 13 a little over a year ago, we live in Michigan. We filed to stop foreclosure on our home, we have missed several payments, had the plan modified because of income loss, however our payments are still too high for us to afford. [...]
Student loans Letter to "Ask Leon"I have a lot of debt, my biggest debt is my school loans. My ex-husband refused to pay any of the debts in my name. And after the divorce my child support payments took 80% of my income, so I was unable to pay anything on these debts. I have [...]
Social security income Letter to "Ask Leon"Are social security benefits included in the chapter 7 means test to count as income if there are wages earned (above $25,000/yr) Also, in chapter 13, are SS benefits received counted as income to determine disposable income?Leon Says...Your Social Security will not be counted as income for purposes of [...]
Foreclosures Letter to "Ask Leon"Recently I had a conversation with a friend about bankruptcies and foreclosures. It appeared that neither of us really understands how foreclosures work. Here are my questions: 1. After you foreclose on a property, does that mean you no longer owe anything on it? Example: The mortgage is for $140k and [...]
Judgment or lein on new home Letter to "Ask Leon"How is it that a lawyer tells you everything is fine after filing bankruptcy and then you buy a house and try to refi on it and then it comes out that you have a judgment on it. Thinking everything you filed on was in the [...]
Bankruptcy Process Letter to "Ask Leon"If I go to bankruptcy and I want to buy a house in the near future. Does that impact me very negatively? What other bad things I may expect? What benefits I will get? How difficult is to get protected by the bankrupt? I owe back taxes, is that a [...]
Back taxes for bankruptcy Letter to "Ask Leon"I had accumulated about 30K in debt with the IRS and NY Tax Department. I do not have assets such as bank accounts, houses etc. I do have a job and I do have payment plan with the IRS in which I am paying 300 a month for [...]
Bankruptcy and ex-husband Letter to "Ask Leon"I need some questions answered and not sure where to go. My ex husband just told me he filed for bankruptcy, however, when I checked with the clerks office, nothing has been filed yet. Our divorce/separation papers state that we need to split all costs for our timeshare; all [...]
Can I still use chapter 13 for filling? Letter to "Ask Leon"I have a debt over $30,000.00. And I am just six and tired of it paying for everything... I just got divorce and this is what I get. I am just wondering if I can stills use chapter 13 for filling bankruptcy instead of [...]
Need bankruptcy advice Letter to "Ask Leon"Dear Leon: My name is Amy. I would like to talk with a lawyer for bankruptcy advice via the Internet, until I get used to this! Please e-mail me back ASAP! Leon Says...Dear Amy: I suggest you get over your shyness, go find a lawyer and keep an office [...]