does foreclosure wipe out liens
bankruptcy and pensions?
I receive a policeman’s pension payout monthly – this is a NY State pension. Contemplating filing bankruptcy as a resident of the state of Georgia…is my policeman’s pension monthly payment considered income as far as the Trustee is concerned? One Bankruptcy lawyer is telling me since I receive too much in a monthly pension payment, I am ineligible for Chapter 7. I am seeking Bankruptcy protection to avoid a civil suit filed against me by a bank loan that was wiped out by my primary residence foreclosure last year. This was a bank that held a second lien position behind the first mortgage holder. I’ve lost my home and now the bank is suing me over the Note. Does the nightmare ever end?
I want you to speak to a credit counseling agency first. No cost to you.
National Foundation for Credit Counseling http://www.nfcc.org/
You call the number 800 number on the site and make an appointment at your local office. They have offices all over GA.
The reviews all call them angels from above. They know what they are doing.
Negative ones say it’s embarrassing
Before filing for bk, you have to go through this counseling before hand anyway
You might not qualify for Chapter 7 which will put you in Chapter 13
Chap 13 can cost about double – about $3,000
Under this plan you still have to pay your creditors what you can afford anyway
NFCC.org has a DMP program. Debt Management Program
Cost is about $20 or $30 a month in GA.
But only if you can afford it. Remember, they are non-profit.
They will call all your creditors, and possibly reduce interest rates, reduce payments, settle, etc.
Now, if bankruptcy is your only hope, they will be 100% honest with you and tell you.
And.. they know all the bk lawyers in your area. They could probably tell you the best
does foreclosure wipe out liens
Incoming search terms for the article:
- tax lien certificates scam
- are all liens wiped ouit at foreclosure sale?
- what lien that wipe out in a house auction
- what does a nc foreclosure wipeout
- tax lien sales ny and wipe out other mortgages
- leins on mount vintage property
- jeff schlehofer principal
- In NC does an HOA lien wash out in a foreclosure?
- DOES TEXAS BANK FORECLOSURES WIPE OUT HOA LIENS
- does foreclosure eliminate debt on property
- does a tax deed wipe out the mortgage
- are florida tax certificates wiped out by bankruptcy or foreclosure
- wiped out tax lien forclosure
