Heres my situation I make about 100-104k in income (15-20 hours of overtime)
I have a 26k truck loan and 76k in unsecured debt of credit cards and personal loans.
with the amount of disposable
income being roughly 2,000$ after my budget & truck loan.
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URGENT: Is this Fraudulent Conveyance?? Closing Short sale TODAY; 2nd demands $6500
We are in a very tricky situation - one that will likely require us to file Chapter 13 shortly, and we are currently insolvent per standard IRS definitions.
Our pressing question is whether or not we are about to commit fraud by participating in a short sale of our former primary residence,...