I filed before in 2000 because of divorce.. my current wife discharged the debt 2 yrs ago and i was not able to at that time... discharge amount is $532,000k
the creditors even those i did not sign a contract on came after me, i showed them the finger and said do what you can... we were at the beginning of all the issues with homes being devalued and adjustable mortgages.. we had a $310k town home, with the 1st adjustment it went up 2% i was laid off/business went under and we walked away from it before all the credit issues, the bank WellsFargo mortgage offered to work thing out, but that was all before the renegotiation with loans that we see today, their idea of a renegotiation is i keep paying but the past amount due is tacked onto the end of the mortgage..
Issues i had when filing is my wife and I had a baby, so I stayed home to provide primary care for the child since she made $70k year just didn't make sense for her to stop. Anyway, they used her income to qualify me and we squeaked by, she purchased a home for us in May 2010 and i made dang sure i did not go on the loan or the title. Got a great fixed 30 yr 3.75 FHA loan with 5% down, and 1st time home buyer credit for that year.. This is important..
When i went to the hearing last week, the trustee was almost becoming hostile towards me in questioning me in regards why i was not on the title (no need here in minnesota, if she died, or divorced, i'd still get 1/2) or the fact that I did not have a checking account (closed 6 months ago the joint account and I didn't use one, only income as stated was a Military disability check. However the trustee asked 4 different ways if my money went to the payment of the house, or into her checking account.. answer is NO... my social security # is not listed on any accounts.. (i must have done this before)
The trustee did not want my wife's paystubs or account statements at this time although i had them all.. weird to me..
My questions are regarding 2010 tax return (we have not filed yet) with the closing, and interests paid, and tax credits it should come back as significant. $12-14k.. my question is should I file married separate.. a little more cost but that should protect me... the attorney said don't worry about it. .but i'm in the 60 day window...
the creditors even those i did not sign a contract on came after me, i showed them the finger and said do what you can... we were at the beginning of all the issues with homes being devalued and adjustable mortgages.. we had a $310k town home, with the 1st adjustment it went up 2% i was laid off/business went under and we walked away from it before all the credit issues, the bank WellsFargo mortgage offered to work thing out, but that was all before the renegotiation with loans that we see today, their idea of a renegotiation is i keep paying but the past amount due is tacked onto the end of the mortgage..
Issues i had when filing is my wife and I had a baby, so I stayed home to provide primary care for the child since she made $70k year just didn't make sense for her to stop. Anyway, they used her income to qualify me and we squeaked by, she purchased a home for us in May 2010 and i made dang sure i did not go on the loan or the title. Got a great fixed 30 yr 3.75 FHA loan with 5% down, and 1st time home buyer credit for that year.. This is important..
When i went to the hearing last week, the trustee was almost becoming hostile towards me in questioning me in regards why i was not on the title (no need here in minnesota, if she died, or divorced, i'd still get 1/2) or the fact that I did not have a checking account (closed 6 months ago the joint account and I didn't use one, only income as stated was a Military disability check. However the trustee asked 4 different ways if my money went to the payment of the house, or into her checking account.. answer is NO... my social security # is not listed on any accounts.. (i must have done this before)
The trustee did not want my wife's paystubs or account statements at this time although i had them all.. weird to me..
My questions are regarding 2010 tax return (we have not filed yet) with the closing, and interests paid, and tax credits it should come back as significant. $12-14k.. my question is should I file married separate.. a little more cost but that should protect me... the attorney said don't worry about it. .but i'm in the 60 day window...