Florida Bankruptcy And Foreclosure Laws
Bankruptcy and exclusion?
Ok, I am asking this question on behalf of another person, so I do not know much about it. She owns a home (South Florida), who lost about $ 40,000 in abput value. This is ruled out, then declare bankruptcy because of certain laws highlighted by lawyers, will be able to get the house revalued to current value and may begin to pay for the house again without losing. But it's going to win a lawsuit against a company Local makes about $ 20,000 in compensation again. The questions were coming. I was told that if she wins, she must transfer that amount of money that has been acquired borrowers and the Bank for payment, while gain is that true? Please give me an action and so little information has been given no longer apply. Also, please provide details. I thank you!
I think this is true. I filed Chapter May 13, 2007. I was told that as I had over $ 10k in home equity could keep the house (and keep paying the mortgage of course). Also questions related to cash and Vechile. Be forced to pay outstanding debt. So if has $ 20,000 in cash, more than likely, will fork over.
Foreclosure Crisis, South Florida Law – Part 2
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