Can A Debtor Buy a Home After Chapter 7 Bankruptcy?

Can A Debtor Buy a Home After Chapter 7 Bankruptcy? Yes, a debtor is allowed to buy a home following a Chapter 7 (liquidation) bankruptcy.  Here is how that can happen.   [Can A Debtor Buy A Home While In

Can A Debtor Buy a Home While In Chapter 13 Bankruptcy?

Can A Debtor Buy a Home While In Chapter 13 Bankruptcy? Yes, a debtor is allowed to buy a home even when in an active Chapter 13 (reorganization) bankruptcy.  Here is how that can happen.   [Can A Debtor Buy

Unpaid Water Bills Can Lead To A Lien On Your Home

Unpaid Water Bills Can Lead To A Lien On Your Home If you do not pay the water bill for your home that receives water/sewer service, then that unpaid bill can become a lien on the home.  That lien, if

Can Social Security Benefits Be Garnished?

Private Parties and Non-Governmental Entities Cannot Garnish Social Security In short, as a general rule, no one can garnish your Social Security except the government.   That means that banks, medical providers, home lenders, etc cannot garnish these funds. Example 1:  If

Is One Spouse Liable for the Medical Bills of the Other?

One Spouse’s Liability for Debts of the Other Here is a common scenario.  Spouse #1 goes to the doctor to have some body part fixed.  Let’s say the bill to the Spouse  for those services  is $1,000.  Twelve months later, Spouse #1 and

What is a “Medical Bankruptcy”?

What is a Medical Bankruptcy? Actually, that is a trick question.  There is no such thing under the law as a “medical bankruptcy.” There is no option under the Bankruptcy Code to file bankruptcy solely on medical debt.   Any

The Impact of Chapter 7 on Your Home And Mortgage

The Impact of Chapter 7 on Your Home And Mortgage Your Current Home: The Note and Deed of Trust In purchasing a home/real estate, there are at least two parts to the transaction: (a) the Promissory Note that indicates you

Can One Spouse Be Personally Liable For Debts Incurred By The Other?

The Question If spouse #1 incurs a debt, is spouse #2 liable for that debt.   The answer is, of course, it depends. A Little Background: Separate vs. Community Estate Washington is one of nine “community property” states.  Generally, that means

How Do You Value Assets In Bankruptcy?

 How Do You Value Assets In Bankruptcy? Exempt vs. Non-Exempt Assets The Bankruptcy Code requires that a debtor list/disclose all of their assets in the petition.   People get to protect/keep certain assets from the claims of creditors.  These protected assets

Mortgages, Reaffirmation Agreements & Credit Reports

A Mortgage Not Reaffirmed & Not On Your Credit Report You may be reading this because your mortgage company has told you that they cannot (or will not) report your mortgage payment history on your credit report because you did