Alabama Foreclosure: Can I Be Sued For A Deficiency After My Foreclosure?
We talked about how a foreclosure can result in a deficiency which is where your house is sold for less than what you owe.
It is possible, and in 2017 we are seeing this happen more and more.
I know some people feel like this is illegal.
This is not true in Alabama.
It may be true in other states (for example California under some circumstances) but here… (Read more)
A Chapter 7 bankruptcy will not discharge costs and fines you owe to the federal, state or local government. These are priority debts and this includes fines and costs owed for traffic tickets, parking tickets, and criminal convictions.… (Read more)
With your written permission, we will generally pull the creditors listed on your three major credit bureau reports. Then you will also get us a list of creditors you owe.
Between these two methods, we usually will get all your creditors listed in your petition prior to filing.
If a creditor slips through the cracks and you become aware of this after you file your petition, your petition may be amended to include the creditor. There will be an additional,… (Read more)
You are required to list all of your creditors in your Chapter 7 bankruptcy. All creditors are required to receive notice of your bankruptcy filing. If you qualify and decide to reaffirm and keep property you are financing, such as a car, the creditor is listed and a reaffirmation agreement must be executed and filed with the Bankruptcy Court while your case is pending.… (Read more)
We will need a copy of either your Federal Tax returns or your Federal Tax transcripts for the most recent two years prior to the filing of your Chapter 7 bankruptcy.
You may obtain a copy of your tax transcripts from the IRS by calling their toll free telephone number provided on the IRS website (1-800-908-9946).
Your tax transcripts usually take at least a couple of weeks for you to receive in the mail.
If you have not filed tax… (Read more)