My husband and I are getting divorced. he left me with bills I can’t afford. I’m in danger of losing my home and I know I can afford to pay on the mortgage itself and the utilities with only my income but I couldn’t possibly afford a second mortgage payment too. I’ve been thinking of bankruptcy because he has everything behind and I am in debt I never knew existed. Is there any way for me to keep thje house without paying 2 mortgages? Any suggestions?

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I have about 00 in past due mortgages (1st and 2nd) and I was wondering if this can be wiped clean by filing a Chapter 7 Bankruptcy?

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They are filing because of -40,000 credit card debt. I’ve chosen to stay in the house, they have decided to move out but still pay their half of the mortgages until the house is sold…Needing serious help in protecting my equity for my daughters college next year !

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Please help me out: will my family loose the monthly food stamps benefit – EBT – if we file for bancruptcy chapter 7?
We have not started the process yet, but we already are behind with our mortgages for 4 months. We consulted with an attorney already. It’s just I forgot to ask him.

Thank you kindly.
B.
And do I have to report any changes such as no more mortgage payments to the Department of Children and families?
What could happen if I fail reporting any changes on time?

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My mother runs a preschool out of a different house than the one we live in. both mortgages are in her name. The business (preschool) is in the form of an LLC but her mortgage is under her name. she is going through tough times with the school and cannot pay the mortgage on that house. how can i protect her assets and the house she lives in if the preschool house gets foreclosed or the business goes bankrupt. can the preschool mortgage be put under the name of the LLC? any advice is much appreciated. Thank you

Technorati Tags: assets, going through tough times, mortgage, mortgages

Long story short..
My home is 0000 upside down. I have two mortgages. I’ve had to relocate out of state and I can’t afford the mortgage and my new rent with my new lower salary. I don’t plan on moving back into the house. I would like to sell the house but like I said… I bought it for 8000 and it’s now worth 0000 and dropping. I have decided to stop paying my mortgage (not easily, I’ve been thinking about it every day for almost 2 year). I’ve used up almost all of my savings to fill in the gaps. I have no assets. I have a great credit score and no other debt but my home right now. I know that banks will foreclose eventually. I’m worried about getting a deficiency judgment. I’ve read that filing for bankruptcy is an option but does it make sense if I have no other debt? Can I even qualify? Should I wait and see if they even try to get a deficiency judgment first?

I don’t want to hear anyone talk to me about responsibility, I KNOW that I got myself into this mess. I need to know how to get out of it or make it less messy. Thanks.
The house is in Nevada. I have rented it out but I’m still in the red every month. I know my credit will be ruined and I can accept that. I just need to know what I can do to prevent or decrease the chances of a deficiency judgment. Again, if my only debt is my house can I file for bankruptcy and should I. Is there a chance that I won’t get a deficiency judgement? I make an ok salary, but my mortgage and rent alone leave me in the red every month not to mention all the other expenses associated with survival! I just want to know the best way to start over with my life.
Thanks.

Technorati Tags: 0000, assets, banks, credit score, deficiency judgement, deficiency judgment, filing for bankruptcy, gaps, life thanks, mortgage, mortgages, salary, survival

I pay all my taxes every year. Always have. But some people earned more money than they could afford and ran up huge tax bills which they now say they cannot pay. The government and the IRS apparently have programs to reduce the amount of taxes there people owe. HOW IS THAT FAIR TO THE REST OF US?!?!?!?
Hey all you "life is not fair" folks: Do you feel the same way about people who bought houses they couldn’t afford and now want to change their mortgages?

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I feel bad for people trying to make ends meat to save their home. But some of these Americans put all their toys on credit (boats, spa’s, nice cars, etc..) Taking out mortgages from their home loan, without having the means to pay it back, now they have to file bankruptcy. Is this why there are so many problems with the economy. People living out of their means? I always pay cash, except the house.

Help me understand!!

Technorati Tags: bankruptcy, boats, economy, home loan, mortgages, nice cars, spa, toys

We have mortgage salespeople who aren’t working mortgages due to what’s going on in the economy. We are looking to convert them to unsecured debt consolidation programs, but aren’t looking to do the heavy lifting involved with settling this debt, but rather are looking for some reputable companies who handle all the back end, and are simply in need of fronters like what we have.

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I have listed all of my outstanding debts on my bankruptcy (including the 2 mortgages on my home), although I had planned on keeping our home and continuing to keep up the payments. My atty told me that if I needed to walk away from the home at any point after the discharge, that the bankruptcy would help me to avoid any judgements as long as I didn’t refinance the loans. But even without paying the debts that I am filing on, we are still finding that our monthly expenses are far outstrapping our income, so we are thinking about short selling and getting a smaller rental home for a while until we get back on our feet. My domestic partner is on SSI, and is "judgement proof" from what my atty says, so between that and my chapter 7 simply walking away is an alternative to short selling. My question is: what is the best thing to do for the long term?? At this point, both my partner and my credit scores are in the toilet anyway. I’m just worried about never having credit again.

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I have financial problems. I have two mortgages about 1million and credit card debt about 0K. I tried to sell my house to pay my debts. However, it’s on market about 6 months, no any offer. I don’t how to do-file bankrupcy or find credt settlement company to settle my debts. My friends told they are not useful to have settlement company deal with all creditors. Can someone can give me advise how to survive?

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Our house burned on May 2005, we had replacement insurance on it, and the insurance co won't pay us, so we got a lawyer to fight that, but now what do I do, we moved to another house, and I was thinking that we could just rent the burned house out after it was fixed. So now we have two mortgages, and no rent money. The lawyer said we had a case. But now what do we do since we can't afford both house payments? Can we file bankruptcy on the burned home?
Serious answers please.

Technorati Tags: bankruptcy, insurance, insurance co, lawyer, money, mortgages

Hi,
The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007 (discharged in July 2007). Will I be able to refinance this year? I've heard that Ch. 7's are different from Ch. 13's in terms of the refinancing waiting time.

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