Trying to file a Chapter 7 in Wisconsin. We were right at the exemption value for the house using the new 2024 county tax listing value. I thought this value was high for our little 3/1 ranch that needs work at $292,000.00. Now the trustee is seeing a value of $344,000 at Zillow and $359,000 at Redfin....

I bought it 5 years ago for 32,500. The mortgage is $25,500. I owe $23,050. In order to get the mortgage I had to add extra funds- so the price would be $41,500. It is insured for $55,000.

I plan a chapter 7.

The federal exemptions are better.

I have...

My husband and I are filing chapter 13 within the month and plan on surrendering our home (which we're 100K+ upside down on). We're only 1 month behind on payments on our first and 2nd loans.

My question is, should we begin looking for rentals now that our credit is still good? or wait...

I made it through my 3-year plan of my Chapter 13 - paid it off early and was discharged in Nov '10. Now, I've sold my house and have a new house under contract - I was pre-approved through American Federal Mortgage out of NJ. I fully disclosed the Chapter 13, send an explanation letter along, etc....

Hi everyone,

My parents are filing for chapter 7 to completely dissolve a restaurant business and to dissolve personal debts of their own which they have accrued over the years to keep the business going. As a last ditch effort to try and find a buyer for the restaurant theyre currently...

I own a home in Wisconsin on a 'Land Contract' and my intention was to do a total remodel of the home however, over the past years, the value has dramatically dropped and I've had to file Chapter 7 bankruptcy. I did not include the home in my original papers but now after doing some extensive research,...

I've paid my Ch13 off early, I've been waiting on discharge for 2 months - but am expecting it soon :-) My family has outgrown our home and would like to, once discharged, purchase a new home.

I'd like to know if anyone has had recent success in getting a mortgage soon after discharge...

O.K. looks like we qualify for a Chapter 7, so now the question is how long will it take the bank to take over the house?

We will be surrendering our house and we have never been late on payments. I heard it's different if you are already in foreclosure, but in our case the bank will...

I have a feeling this means I'm all done, but I'm not sure ...

Today I opened a letter stating "Discharge of Debtor" dated 10:29/08.

Does that mean I'm all done?

1. What do I do if someone is still calling me about debts (I think it's illegal &...

Summary:
1. Which box do I check on Form 6, Schedule C,
522(b)(2)
or
522(b)(3) ?

2. Am I putting the correct laws next to my entries on the forms?

3. Should my house go on schedule C even if I think I have no equity in it?
I may have...