Woodstock, GA Bankruptcy Law Firms & Lawyers

When a bankruptcy is filed the debtor can decide to keep or give up property such as a mobile home. If the property is surrendered the lender decides whether to keep the tenants or not. You should continue making payments to the lender or set aside the payments in a special bank account until it is decided who is entitled to them. Be sure to communicate what you are doing with the lender. Also, the bankruptcy trustee may tell you what to do with the rent payments.

Try to do so absolutely immediately. If the title was transferred to you name at the delivery of the car, call an attorney and attempt to rescind the deal.

Credit card companies generally work a defaulted credit card obligation with their in-house collectors for approx. 6 mos. At some point they will give up (they usually send you a letter that the debt will be charged off), and, at that time, they may decide to hire an attorney and sue you, or, after charge off, they will sell the debt to a debt buyer or assign the account for collection with a collection agency. Don't assume that if a debt is charged off, you do not owe the debt (unless you receive a 1099). At some point before the 6 year statute of limitations run, you will probably be sued by someone. A District Court judgment can be collected upon for up to 20 years (unless revived).