How to Get Rid of a Car That Was Reaffirmed in Bankruptcy?

Answer When you file for bankruptcy, you have the option of reaffirming the debt related to a car. Reaffirmation specifically involves entering into a contract with the car's lender, approved by the bankr... Read More »

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What Items Can Be Reaffirmed During Bankruptcy?

Reaffirmation in bankruptcy refers to the debtor's voluntary agreement to pay back all or a certain percentage of certain debts to the creditor. There are many advantages to reaffirming items in ba... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

In Pa in chapter 7 bankruptcy can person use Federal Bankruptcy Exemtion to keep 120000 paid off condominium if this is only asset and only projected income is 238 monthly?

Refer to your last similar Q.Yes you have a 125K Federal Homestead Exemption.Yes you have issues that need to be protected by an attorney in the BK process (any creditor will have one and they will... Read More »

Bankruptcy Law on Civil Suits & Estates in Bankruptcy?

When a debtor defaults on his debts, his creditors may sue him for the amount of the debt plus attorney's fees. Some debtors may choose to file bankruptcy at this point because they are too overwhe... Read More »