Tag: westgate law Archive
Who Can Collect on My Home Loans Post-Bankruptcy?
Justin Harelik
September 30, 2015
After filing for Chapter 7 bankruptcy, you receive a discharge of debt. Many who do so, continue to pay their mortgage payments (and second mortgage payments) even though they did not reaffirm the debt during their bankruptcy. This means that they did not agree to continue paying according to the ...
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Bankruptcy for the Authorized User
Justin Harelik
September 28, 2015
Many consumers are confused by the difference between being an account holder and an authorized user on a credit account. It gets more confusing when there’s a divorce involved and if you add a bankruptcy to the mix, it gets positively convoluted. If you are an authorized user on a ...
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Are Homeowners Eligible to File Chapter 7 Bankruptcy?
Justin Harelik
September 25, 2015
The two most common bankruptcy options are: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Many individuals worry about filing bankruptcy for fear that they will lose their house. Others, who have learned they don’t have to lose their house when they file for bankruptcy, still think that they have to ...
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Bankruptcy Questions from Creditors
Justin Harelik
September 23, 2015
As a southern California bankruptcy attorney, I receive a lot of questions. Most are from people who want to file bankruptcy, just filed bankruptcy or filed years ago and are now wondering how it could affect their current situation. What we don’t usually get are questions from creditors regarding how ...
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Will I Lose My Inheritance When I File Bankruptcy?
Justin Harelik
September 21, 2015
When you file bankruptcy, filers submit a budget and detailed explanations of all income and expenses. Everything must be very detailed, exact and thorough. In some cases, the financial details can change drastically after the bankruptcy is underway. For instance, a loved one could pass away and leave an inheritance ...
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Short Sale, Foreclosure or Bankruptcy?
Justin Harelik
September 18, 2015
Losing your parents can be extremely difficult no matter how old you are, but when you lose a parent when you are grown, many find themselves with additional responsibilities. In some instances, they will find themselves responsible for caring for their remaining parent who is now grieving. Some discover that ...
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Can You Get a Loan Modification Through the Bankruptcy Court?
Justin Harelik
September 16, 2015
The process of obtaining a loan modification can seem impossibly difficult. Many individuals who are interested in filing for bankruptcy or have recently filed for bankruptcy have either already attempted to obtain a loan modification or are hoping to get one. It’s one of the methods that consumers can make ...
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Signing a Deed in Lieu of Foreclosure Post-Bankruptcy
Justin Harelik
September 14, 2015
For many, divorce seems to lead to bankruptcy. We’re not marriage counselors or divorce experts so we can’t really say if the prevalent number of bankruptcies after divorce is due to the divorce or if the divorce is due to the need for bankruptcy. Regardless, many find themselves dealing with ...
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Post-Bankruptcy: Who Pays HOA Dues if Bank Doesn’t Foreclose?
Justin Harelik
September 11, 2015
In some cases, bankruptcy can provide a discharge of debts and relief from heavy financial burden, but then a seemingly random debt or financial responsibility will seem to have escaped the bankruptcy process. For many this comes in the form of Homeowners’ Association (HOA) dues and assessments on properties that ...
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Post-Bankruptcy: When is My Name Removed from the Deed?
Justin Harelik
September 2, 2015
Once you’ve filed for Chapter 7 bankruptcy and received your discharge of debts, your mortgage lender’s attorneys could still contact you even if you included your home in your bankruptcy. Such letters will often urge you to contact the lender for options: loan modification, short sale, deed-in-lieu of foreclosure, forbearance, ...
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