My husband and I can no longer pay our mortgage his pay has just fallen so low that we can not continue the struggle.
We live in Florida so Here is my question I did a chapter 7... 2 years ago so I am off the hook for the mortgage. My husband has 40k in Credit Card debt which he stopped paying 2 years ago. The mortgage has been current up until now. Our lawyer wants to stick him into a chapter 13 here is why...My husband has Motor Cycle that has a value of $8000 that is free and clear he uses it to get to work along with a $700 car with gas prices the way they are it is cheaper. We can take a exempt of $4000 so we would need to pay $4000 if it appraises for the full $8000 at 341 hearing. We are fine with that. But the attorney said 2 years ago I purchased my husbands car from him that he was selling for market value and paid full sales tax to register it. He says they may say it was a fraudulent sale how is this fraudulent if I paid market value. Is this Worth committing to a chapter 13 for 5 years because my attorney says the trustee MAY not like it? Thank you to all for listening
We live in Florida so Here is my question I did a chapter 7... 2 years ago so I am off the hook for the mortgage. My husband has 40k in Credit Card debt which he stopped paying 2 years ago. The mortgage has been current up until now. Our lawyer wants to stick him into a chapter 13 here is why...My husband has Motor Cycle that has a value of $8000 that is free and clear he uses it to get to work along with a $700 car with gas prices the way they are it is cheaper. We can take a exempt of $4000 so we would need to pay $4000 if it appraises for the full $8000 at 341 hearing. We are fine with that. But the attorney said 2 years ago I purchased my husbands car from him that he was selling for market value and paid full sales tax to register it. He says they may say it was a fraudulent sale how is this fraudulent if I paid market value. Is this Worth committing to a chapter 13 for 5 years because my attorney says the trustee MAY not like it? Thank you to all for listening
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