West Hurley, NY Bankruptcy Law Firms & Lawyers

The Court will send notices from your Mailing Matrix electronically to the debtors based on your mailing matrix,, and will let you know if they cannot serve them. Cross reference your liabilities with the mailing matrix to make sure you included all of them. Double check to make sure you have full addresses. Make sure you include collection agencies and creditors law firms that have corresponded to you in addition to the creditor on your mailing matrix. The IRS and each State Agency have specific address(es) for bankruptcy service as well. If you realize afterward that you missed a creditor or creditors , you should update with amended schedule(s) and mailing matrix.

Yes, the bankruptcy will protect you. A secured creditor is still entitled to get its security back, however. The bankruptcy does not eliminate the lien. It does eliminate your personal liability on the debt. Thus they will only be able to get the property back. If you owe more than the property is worth, that excess has been discharged in bankruptcy. So they cannot garnish your wages, etc. If you do not sign a deed in lieu of foreclosure, the creditor will have to go to the expense of foreclosing on the mortgage to get the property back. If you do sign the deed in lieu, you will save the lender time and money. In either case you will not owe more. One exception for real estate is homeowner's association fees. Since those generally occur on a monthly basis, each month is a new bill. So every bill for condo fees or homeowner's association dues that occurs after you filed your bankruptcy is not covered by your bankruptcy discharge. It is a post petition debt. In most cases the person who gets the property back will end up paying the condo fees to clear up the debt in order to sell the property. The condo association or homeowner's association may not be willing to wait that long. If that happens, they may sue you and your bankruptcy won't stop it.

You will be held responsible for paying this money. As far as the finance company is concerned, they loaned the money to you and any deal you made with anyone else is your problem. I know that sounds harsh, but that's the way they look at it. You can sue the ex-BF, but then you have to collect. Tell the finance company to go ahead and repo the furniture. They will, and then will sell it for cheap and sue you for the difference. When they do, bring a third-party action against the ex-BF.