Cahone, CO Bankruptcy Law Firms & Lawyers

Maybe. Unless you reaffirm your mortgage debt during bankruptcy proceedings, your father will become solely responsible for repaying the debt. And if your father does not make the payments on time, the creditor can take legal action to foreclose on the property to collect the debt.

Notice of sale requires 30 days time to cure default; then a subsequent 90 day notice of the sale date. You may be able to delay further by opting mediation at the time you get your 30 day notice.

I have seen this question from you on several social media sites. The problem is you assume that the statute of limitations in your state applies to all of your debt. The reality is this assumption is incorrect. Many creditors have a clause in the small print that says that the applicable law that applies is the state where the creditor is located. Often that is Delaware or North Dakota. If you take a risk that you are right and your attorney is wrong, the debt could still be collected. BTW, if a claim is filed in a Chapter 13 on a debt outside of the statute of limitations, your attorney can object to it and the creditor will have to pay your attorney?s legal fees. So I still don?t understand why you are so adamant against taking the legal advice from the great attorney you hired to represent you. He is really looking out for your interest and frankly, I would be telling you to take your retainer check and head over to the worst sleazebag attorney down the road who will be your minion, because I represent clients who appreciate my expertise.