180 legal questions have been posted about bankruptcy by real users in New York. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include commercial bankruptcy, consumer bankruptcy, and foreclosures. All topics and other states can be accessed in the dropdowns below.
Bankruptcy
New York
Recent Legal Answers
The best advice I can give you is to meet with an experienced BK lawyer. Some lawyers charge a small fee for a one hour meeting. Pay the fee and get... Read More
Filing bankruptcy will cancel any pending short sale and will delay getting a new short sale by several months. I would recommend that you complete... Read More
In my district, there is a limit of $1,000 of credit that can be incurred without court approval. Check your plan to see what the limit is there.
Generally yes. There are liabilities inherent in owning a house, if you're no longer involved in it, the quit claim will eliminate your liability.
They can't garnish your wages, or take any other collection action, if the debt arose before you filed the 2009 bankruptcy.
You've already had a foreclosure suit filed against you so your credit is shot. Depending on your state and county, an unopposed mortgage action can... Read More
The co-signer guaranteed that s/he would pay the loan if you did not pay. So what do you think was the purpose of requiring a co-signer other than... Read More
Unfortunately, yes. You filed BK, not the consignor. This is exactly why lenders want consignors!
Yes. That is the purpose of a co-signer. If one party cannot, the co-signer becomes responsible for the debt.
Yes, the purpose of a co-signer is to provide another guarantor for the loan. They remain liable unless they also file bankruptcy.
Yes. That is the reason that creditors get co-signers. So that when the principal defaults, there is someone else to pursue.
Yes, they cannot collect from you so they must look to the co-signer.
Yes it is legal. When a person agrees to co-sign on a debt, they agree to be responsible for re-payment of that debt. If the loan is not paid by... Read More
This question, based on events in 2010, reaches me in August 2015. I assume this problem has long since been resolved. If I am missing something,... Read More
Yes. Any creditor can if they get a judgment against you.
Bankruptcy sounds like a good option for you, I would recommend that you put the trailer on the 5 acres you own and move into it before you file the... Read More
Lots of vehicle lenders will pull this stunt if you don't reaffirm, which is why I always consider a redemption of the vehicle during the bankruptcy.
That would be a yes.
That would be a yes.
That would be a yes.