Aug
21
Final meeting before hearing date.
Filed Under Bankruptcy FAQ, NYS Bankruptcy, Pre-Filing, Reaffirming Loans, very expensive lesson | 2 Comments
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We met with our attorney for what will be the last time before the big date. This time it wasn’t in his office, it was in the conference room with a woman that worked for him, a huge stack of papers and two pens. This was it. When we’re done in here we’re only a few weeks away from completing this bankruptcy. It was almost as bad as closing on our house. We signed and signed and signed… It becomes monotonous after awhile. If you’re anything like me, you’ll probably try a joke or two to alleviate the situation, let me tell you that is not a good idea. If you miss something in these papers it could cost you thousands of dollars in fixing it. Pay close attention, bring sugar, drink caffeine, do what you need to do to stay awake, focused and constantly asking questions.
Aug
17
What can you keep after you file Chapter 7?
Filed Under Bankruptcy FAQ, Pre-Filing, Reaffirming Loans | 8 Comments
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Can I keep my Car after bankruptcy?
Can I keep my house after bankruptcy?
It’s a simple question and one that everyone in this boat has on their mind. What can I keep after I file for Chapter 7 Bankruptcy. We declared that we wanted to keep our home and car. Because the declared value of our jewelry (i.e. wedding ring) was what the court would consider low, it’s not even a concern. Regarding furniture, televisions and computers (like those I bought with the Dell credit card) are not a problem. They were purchased between 2-3 years prior to us filing for bankruptcy and depreciation has made their resale value very low. Read more
Aug
2
Late on the mortgage payment
Filed Under NYS Bankruptcy, Pre-Filing, very expensive lesson | 3 Comments
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As a follow up, I spoke the next day (Saturday) with the attorney and boy was this a mess. I was exactly 34 days late on my mortgage (the prior month and 4 days into the current month). The bank took that as I wanted to include the loan in my bankruptcy. After many frantic phone calls to my attorney’s voice mail he finally called me back. Read more