Recently on our legal forum a user asked, “We bought a house in a subdivision with a homeowner’s association. We are current on our mortgage, but we have not been able to pay our HOA dues. Can the homeowner’s association (HOA) force us out of our home and foreclose on us if we cannot pay our HOA dues?”
Recently on our forum a user asked, “We have a court ordered wage assignment against a debtor who recently filed for bankruptcy. We have been ordered by the debtor’s attorney to return some of the money we received. I am confused why the bankruptcy filing is affecting our wage assignment.”
Whether it’s a flood, tornado, or fire, a natural disaster can destroy your financial security and leave you without a place to live and sky-rocketing debts. Recently on our bankruptcy forum a user asked, “If my home and possessions were destroyed in a natural disaster will filing bankruptcy help me?” Continue reading
Individuals who are financially delinquent may have difficulty paying their taxes, mortgage payments or credit card and medical bills. Although the economy and job market has improved for some Americans, unemployment and the cost of living remain high.
Trillions of dollars are spent each year for healthcare in the United States. In fact, US healthcare spending relative to GDP is about 50 percent more than many countries, including Australia, Canada, Denmark, France, Germany, Japan, the Netherlands, New Zealand, Norway, Sweden, Switzerland and the United Kingdom. Unfortunately, many US citizens are saddled with thousands of dollars in medical bills that they cannot pay.
Recently on our bankruptcy forum a user asked, “I have a chronic health condition and no healthcare insurance. I have thousands of dollars of medical bills that I cannot pay. What are my options if a hospital is suing me for repayment?”
A promissory note is the legal agreement between a debtor and creditor which outlines, in writing, the amount loaned and the amount of time that the debtor or payee will have to repay the loan.
Recently on our bankruptcy forum a debtor asked, “We signed a promissory note with a private lender and the note had a specific maturity date. We failed to meet the terms of the loan agreement, but we never heard from the lender. We expected them to send a demand letter but it has been eight years and we have not heard from the lender. Are they legally able to come back to us and collect the debt after all of this time?”
Recently on our bankruptcy forum a user asked, “I have an unpaid, unsecured, personal loan through a union. I also have a car loan with the same credit union. I found out that the credit union has placed a lien on my car. They described this as cross-collateralization. What does this mean and is it legal?”
Recently on our bankruptcy forum a debtor asked, “What are our options if my spouse and I have been making $1,000 payments on our Chapter 13 debt repayment plan, but my husband recently suffered a job loss and this is no longer possible?”
Recently on our legal forum a user asked, “I have not been able to pay my college loans. The college has served me court papers and is now taking me to court. I am unemployed, pregnant, and have a 2 year old son. What happens if they win a judgment against me and what are my options?”
Recently on our bankruptcy forum a user asked, “If I was unable to make car payments on my vehicle and the lender came and repossessed the vehicle then sold it at auction for less than the full value of my loan, what does this mean? Will I be responsible for repaying the balance of the loan payments or the deficiency after the auction?”