Educate yourself about the benefits and the downside to filing personal bankruptcy in the Atlanta area. Join attorney Jonathan Ginsberg as he answers the most common questions posed to him over the past 25 years about filing consumer bankruptcy. Jonathan also uses this video channel to inform you about changes in the bankruptcy laws and trends that make the bankruptcy option more or less beneficial. Subscribe to this channel and don't miss a single new video.
If you have a personal bankruptcy you are broke, possibly homeless and have to start over again, as well, but no protection. So therefore, incorporate, borrow lots of money on a faulty business plan, have a great time building a personal reputation as a great businessman while living like a wealthy dude until the money runs out, declare bankruptcy, and repeat.
Put a claim in my bankruptcy and I didn't want it on there I was up to date I wasn't even behind on it nobody told me about reaffirming it so they got the note and they claimed a lot of money on the bankruptcy and it went through my Homestead how do I know if they pay that money they claimed if they got paid for that and it was a chapter 7 7 years ago shouldn't they be paying the taxes on it
I'm ready to claim fraud because they got the note and the note is worth ten times what my property is worth and I'm sure they sold it several times and I have somebody else is on my house when I looked under the register and my city and they've been on my house since before I lived here and you're still on my house February of this year 2024 so I'm going to question that
I was exempt 58000 and mortgage has note, arent they supposed to be paying taxes? No one will answer me. He also used my homestead, he didn't file a 1099 a or a 1099-C how do I know if my mortgage company got paid would I check with my Homestead because my lawyers not answering me. Now I'm with a different servicer and I was coming off of forbearance and they're trying to take my house they won't give me any options of relief and I've got over $200,000 of equity that's in my house I only owe $90,000 on it it was only $115,022 years ago I don't know why it's still up to 93000 when it was 85,000 at bankruptcy in 2017 and now it's 73,000 for the principal
I was current on mortgage when i filed chapter 7. Lawyer KNEW I DIDN'T WANT MORTGAGE INCLUDED. DIDNT TELL ME A OUT REAFFIRM IT. Mortgage company claimed 82,000! Did they get paid?
My dad co signed for me on a vehicle. He is considering chapter 7 bankruptcy. Will this affect my credit ? Will they repo my vehicle. Is there a way we can exclude co signed debt and only include credit cards which is the problem my dad is having, high credit card debt. Thanks
lol whenever lawyers say “it may not seem fair it may not seem right…” what they’re really saying is “yeahhh I totally agree with you this is slimy unethical behavior, But I don’t care about being ethical or morally good, I just like money.”
Darn , I have a 20,000 limit with American Express and only a $300, balance. I was not going to include it . What if your just an authorized user on a couple cards. Will they only close your personal cards and not theirs under chapter7 ?
I made it through the 5 years and made my last payment, I'm in the closing end, Thank God, this was the longest 5 years, you were so right, you live on means, being disabled and single, they show no mercy in that monthly payment, it better be there, no excuses. I made two partial payments out of the large payment, this was thrown in my face everytime. Making 60 payments turned into 65 plus a pay off of 2900.00 extra. Be prepared, this isn't for everyone,
I finalized my chapter 13 this week, when you go file just keep in mind, your mentally going threw even tougher times for 5 years., there is no support system. I followed my program, was short two payments made that up. but they will use this as a throw back, I have paid in over 76,0000, I followed the payment and found out the pay out, last payment was almost 2-1/2 times what was listed. The lawyer wasn't the one advetrised, a paralegal for 3700 and a hour of his time, never heard anymore, dealt with the secretary for the next 59 months, The trustee, never could call back, until i get the BB involved. This has been a nightmare, I'm trying hard to mentally get back on track. The last person a trustee was the nicest and is getting me closed out as fast as possible,
What if I have a lot a recalls and issues with the car so I want to trade it in for a better car for my wife to go to work in? Can I trade it in for a used car with payments before or during the process?
Sounds like you might be better off to just stop paying your debts and let them drop off in 7 years. Especially if you live in a state where they cannot garnish your wages and you do not own a home that a lien could be placed on.
Hello , my deceased husband took equity of home credit and also he did bankruptcy chapter 7 . How can I weave that second mortgage.or if it is possible to convert chapter 7 to 13
We did a 13, and we’re sorry we did. Now our attorney is advising we flip it to a 7 - not to mention the fact that he wants an additional 750 bucks to do so.
I totally agree, its not cracked up, so many loop holes, I wouldn''t have done it, I figured the extra plus the debt payoff over $10,000 for trustees and attorney fees, the attorney got one hour and I was blown off by the secrtary for the next 59 months.
I filed Chapter 13, should of never did it! I wish people will be honest going in I agreed to a 100% plan the trustee sent 2 realtors to my home saying I had 2 much equity. Anyway I feel like doing voluntary dismissal. Selling my home getting all my money. And getting a place under my daughters name or just settling the debts myself.
What if you have a lawsuit against you already and may be willing to settle. Could you use the threat of bankruptcy to try and convince them to accept a low settlement offer instead of nothing at all
I have to disagree with his opinion on chapter 13. My monthly payments were 20% of what I was paying on credit cards and such. If you are disciplined and don't overspend it's a great option. Especially with our current economy in the US.
I am in the last year and it can be done. Was it worth it? I don't know, if you can you should pay everybody back what is owed. Again, if you can. If you are just using the system, it doesn't matter what you do. What comes around goes around.
My servicer is putting the wrong year on my payments they're manipulating my payments and trying to say I haven't paid anything on the past due balance from my forbearance also the amount that they had me to resume paying my my ex servicer Wells Fargo when I did my bankruptcy they didn't lower the amount the $58,000 that was supposed to be exempt and I'm still paying taxes on all of it too
Well I did a bankruptcy chapter 7 in 2017 nobody told me I had to reaffir my mortgage and I told the lawyer specifically I didn't want my mortgage on there cuz I only owed 85,000 and I want to keep in good standing with them. So what they didn't tell me either was that they weren't going to report my payments so for the past 7 years 8 years they never reported that I made making all my payments on time and they have a little calendar there underneath the it was Wells Fargo they have a little calendar underneath saying that you know that states that it's checked off when I paid and not checked off when I didn't pay so it wasn't checked off since 2017 when I file my bankruptcy when I filed. When I filed my bankruptcy I was on time and paying regularly so it's it's saying that I've never paid my mortgage again in the past 8 years in other words so I called Wells Fargo and I asked him to correct it and they wouldn't and and I was wondering why I couldn't get a car credit card I couldn't get a loan I couldn't get any anything and I was treating treated terribly whenever I called Wells Fargo and stuff you know like I wasn't paying my bills and I would and Wells Fargo what what they don't tell you also is that when you sign a mortgage that promissory note that you sign has a value to it. So the mortgage company turns you know turns that promissory note into cash cuz they can sell it and then they lend you the cash that they made off of your promissory note and they charge you interest they didn't tell you that either so in other words it's like you're giving them $250,000 and then they're giving you a $250,000 back with with interest included that you have to pay Tell me do you think I would give them $250,000 for free and take a loan out and pay interest on it hell no so that wasn't just closed to me they've been totally deceiving and dishonest you know and they did not tell me they were going to sell my note without my mortgage first of all and there are other names as being on my property on the register from the D's cuz I went online to look up my deed and they were all these other names for the first 10 years that I own the house like they owned it or lived here and I don't know any of these names so that was strange that's when I figured out they probably sold the note over and over a few times and I'm on disability I'm very sick I've been very sick since COVID I got a disease while being sick on clover three times so that's why I took two forbearances The first time they put the they did it deferral put on the back which was great and then they sold me while on forbearance to another company and they deceived me they said they were sending me to their servicing department they didn't tell me they were selling me all together so I was surprised when I got a letter saying welcome here's your account and we're selling you you know and I got sold August 1st now I was still on forbearance. So I came off of forbearance on September 30th in the meantime the new servicer sent me three letters on August 15th and the last one said they're a debt collector so they were harassing me through the through regular hard male hard copy males snail mail. Also they're counting my mortgage from before my bankruptcy of what I originally had for mortgage and they didn't take nobody took the $58,000 off of my balance which was supposed to be exempt if I'm interpreting that correctly. So when I came up for forbearance I found out I got a claim a proof of claim or something in the mail and that's how I found out that my new servicer was on chapter 11 on September 22nd they filed chapter 11 we organization or whatever and my and they still continue to harass me. I started paying August I mean October 1st of 24 when I came back from forbearance and I've been paying for 7 months and they sent me a statement saying I'm behind that I haven't paid since 2023 February what are you talking about I've been paying for 7 months? Then when I started paying in October of 23 they dated it as October 22 and then they they're dating my payments from a year ago and I don't understand I don't know what to do. They want the $9,000 I fell behind on from forbearance also and they didn't even have deferral on their option which is a new policy from Freddie Mac that they have to offer to pearls now so they they wanted to do a short sale right off the bat they didn't want to cooperate with me they didn't want me to pay extra they didn't want to make any kind of other arrangement that's when I called Freddie Mac Freddie Mac set up a modification but they wanted me to put the deferred amount on the in the modification so they can collect interest on it so I refused so now they're saying if I don't fill out another application for assistance then they're going to start foreclosure over $9,000 and my balance according to everybody is 90,000 on my mortgage all together My house is worth 300,000 and because they put discharged no because well they won't give me any I can't get credit I can't get a credit card I can't get you know a HELOC loan even they wouldn't give me a loan off of my equity and so everything looks like I'm really bad and I'm not I'm really good I always paid. I don't know what to do I'm at wits send. So I got in touch with TransUnion and I told him that I've been paying for the last 8 years and they said they would accept hard copies of proof so I sent it to them because Wells Fargo wouldn't update it they said they couldn't so I sent them all the hard copies of all my payments for 7 years I had to print all that out and they threw it away and they took my Wells Fargo right off of the record so it's like I never even had a mortgage with them then Equifax and Experian wouldn't do anything they kept it on they're still keeping it on even though I showed them prove I told him that TransUnion took it off and everything they're still reporting it and I don't know that's crazy too there's more that doesn't have to do with the mortgage but like a credit company Midland said I owe them all this money I never even had a contract with midland they were collecting for Capital One or something so we took it to court and the judge totally dismissed it and said I don't owe anything he wrote it right on his judgment Bonnie you don't owe anything you don't have to pay this well Midland put it on my credit report and I I sent them a copy of the of the order from the judge and everything and they still kept it on there all three credit unions credit bureaus
