http://www.bankruptcylawnetwork.com/2007/05/06/do-i-qualify-for-bankruptcy-exempt-property-part-5-of-9/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bankruptcylawnetwork.com/2007/05/06/do-i-qualify-for-bankruptcy-exempt-property-part-5-of-9/comment-page-1/#comment-12288 figment900 Fri, 27 Jul 2007 15:35:35 +0000 http://www.bankruptcylawnetwork.com/2007/05/05/do-i-qualify-for-bankruptcy-exempt-property-part-5-of-9/#comment-12288 Sorry that I can't figure out how this website works, but here's my issue if anyone can point me in the right direction. I fell victim to predatory lending practices. Being a first-time homeowner, I just didn't know certain things and when I found out it was too late. No debt, but my mortgage payment is more than half my moththly salary and expenses are high. Foreclosures abound where I live. Property values have plummeted. My only real asset is my car - paid for, 10 years old. My credit is excellent, but the weight of the mortgage is crushing and sinking me slowly. I owe more on the house than it's worth, so what, if anything can I do? Looking for light through this dark fog - thank you. Sorry that I can’t figure out how this website works, but here’s my issue if anyone can point me in the right direction. I fell victim to predatory lending practices. Being a first-time homeowner, I just didn’t know certain things and when I found out it was too late. No debt, but my mortgage payment is more than half my moththly salary and expenses are high. Foreclosures abound where I live. Property values have plummeted. My only real asset is my car – paid for, 10 years old. My credit is excellent, but the weight of the mortgage is crushing and sinking me slowly. I owe more on the house than it’s worth, so what, if anything can I do? Looking for light through this dark fog – thank you.

]]> http://www.bankruptcylawnetwork.com/2007/05/06/do-i-qualify-for-bankruptcy-exempt-property-part-5-of-9/comment-page-1/#comment-2910 The Perils of Guessing: The Ford Case at Bankruptcy Law Network - Real Lawyers, Real Solutions Sun, 03 Jun 2007 18:10:26 +0000 http://www.bankruptcylawnetwork.com/2007/05/05/do-i-qualify-for-bankruptcy-exempt-property-part-5-of-9/#comment-2910 [...] The debtor — who was a paralegal — testified that she did not originally list the personal injury lawsuit in the paperwork because she believed they only needed to list lawsuits against themselves, not cases they had against others. She also testified that she did not believe they had to list the claim itself as an asset because she understood these were exempt and therefore not of any value to the trustee. [...] [...] The debtor — who was a paralegal — testified that she did not originally list the personal injury lawsuit in the paperwork because she believed they only needed to list lawsuits against themselves, not cases they had against others. She also testified that she did not believe they had to list the claim itself as an asset because she understood these were exempt and therefore not of any value to the trustee. [...]

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