Bankruptcy To Save Foreclosure In Corpus Christi,tx?
i am going to see a lawyer to try to stop my foreclosure tomorrow . my end date is july 3,2007. if i have loans that i am not the primary account holder do i need to take those to show the lawyer as well or do they not count to file. if by any chance i get a petition from the lawyer to the court by the end of day tomorrow will it stop the sale of my property the next day. people in my city are waiting for my house to forfeit. that sucks because i put alot of money to it. i am trying to sell the property to make a profit and bankruptcy is my last resort to pocket something. if i read correctly texas law states the courts can only take profit money only if i exceed over 15,000.00 in profit to satifsy my lenders . is this true… please help tomorrow will be a long day of *** kissing
In Texas, Can An Owelty Lien Awarded In A Divorce Be Discharged In Bankruptcy?
When I divorced my ex, we had approximately $72,500 in equity. To avoid him having to sell the home, I received an owelty lien to be paid out over 10 years. The debt is secured by the property. My ex is 10 payments behind (over 6K) and I’m about to foreclose. He says he is filing bankruptcy and they will discharge the debt, is this true? I took the equity because he refused to pay child support and he hid his income to show he made less than me (cash in pocket bookeeping). The divorce put me in debt, and custody battle was another expense I could not afford. I am still on the mortgage, so every late payment is showing up on my credit report and he refuses to refinance. I’m afraid I will lose my equity and be responsible for the entire debt still owed (197K). Anyone been through this or have info?