- When my former employee is called during the process of a new job, what are they allowed to say/not say?
- What is an ‘at-will’ employee?
- What is my next step after I have been wrongfully terminated?
- What constitutes discrimination in the workplace?
- If I sign my assets over to my children now, will they have to claim as income and be taxed?
A Deed in Lieu is when you decide NOT to keep the house and the lender has agreed to accept it back from you as full payment on the loan. Continue reading
With a Forbearance Agreement, the foreclosure case is NOT dismissed. Rather, the lender and you sign off that the case will not be moved forward to foreclosure if you make payments on time, pay down the back payments, and start making the future monthly payments on time. Continue reading
In a Reinstatement Plan, the foreclosure case is dismissed and you borrow the money to make up the back payments completely and have the income to make the future payments going forward. Continue reading
With a payment plan, you and the lender agree that you will keep making your monthly payments going forward, but you also agree that you can afford to make additional payments each month toward your back payments and get caught up in an agreed-upon time frame. Continue reading
Your options at this point are still numerous. However, be aware that as your case progresses through the legal system you start to have fewer and fewer options until finally you have none. Continue reading
In a debt management program, you are paying the company a monthly debt management payment for a period of usually 3 to 6 years that they will apply to a monthly payment to each credit card in the program until the debt has been paid. Continue reading
Generally, debt settlement is a process in which a company, individual attorney or law firm negotiates settlements of your debts after you pay a fee and pay into an escrow account for many months or years. Continue reading
While your exemptions allow you to keep property even in a Chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind. In a Chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. Continue reading
In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Continue reading
If you live in Ohio, you must use the Ohio exemption law. You cannot use the federal exemptions. You should consult a skilled bankruptcy attorney to discuss with you how Ohio exemption laws apply to your individual case. Continue reading