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Our deficiency balance for our first mortgage was forgiven. Our equity line of credit was not. Is this legal? Is so, now what?

We short sold our California house at the end of 2008. We had an equity line of credit on the house and got a 1099-C from the bank for that tax year. At this time we are getting bills from a creditor company on that equity line of credit amount. Our bank sold this line to a creditor after we short sale our house. When I checked our credit report a few days ago, it was stuck showing as a bala...
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When should I file for Chapter 7 if my vacation/investment property is about to be foreclosed upon?

I mortgaged a home for $440K as primary residence on LI, NY about five years ago. With respect to the economy it is currently valued about $100k less. About three years ago we mortgaged a condo in Orlando for $220K which is now appraising for $50K as per the lender who did their own appraisal. It is virtually impossible to rent, HOA dues have escalated, and last year the condo association we...
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In a community property state, do both spouses share liability for the pre-marital debt of one spouse?

I had a credit card before I met my wife, Feb. 2000, Met my wife in Nov of 2001 and married in July 02, we live in the state of Louisiana. Can the credit card company sue her for the money? I know Louisiana is a community property state but I thought what debt I occurred before we were married was my debt and not hers?

What are my rights and liabilities regarding debt in Vermont?

I live in Vermont, and have been sued by one of my creditors on an old credit card. How can I fight this lawsuit? Will Vermont law protect my property and income if the creditor wins a judgment against me?

Is Debt Cures a good solution for my debt relief needs?

If I do not pay my medical bills, can the doctor or hospital sue my spouse and garnish wages?

I have had several surgeries and recently lost my job in February 2010. I have several medical conditions that make it unable for me to hold down a job. We have received several small claims judgments against us for medical bills, 95% which are mine. My spouse holds our policy through work, so they add my spouse's name to the judgments. Can I file separately for bankruptcy without them g...
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If I get a $87,000 HELOC at 5.75%, what will my monthly payment be?

I am trying to figure the monthly payment of a HELOC. Total HELOC loan = $87k, 5.75% interest I want to take the full amount of $87k all at once and I would like to lock into a rate immediately for the full $87K. What will the loan period be and what is the monthly payment?

I cannot pay my student loan. What if I took out a life insurance policy and promised to make the lender my beneficiary?

I have several student loans with Wells Fargo which are overwhelming. I would like to take out a life insurance policy for double the amount due and sign it over to them. Will they accept a settlement like that?

Should I take a distribution from my 401(k) to repay my student loan early? I will save $24,000 in interest. That's smart, right?

I am contemplating pulling money out of my 401(k) to pay off my student loans. I owe $26K at 7.25% and using a calculation realized that if I take the full 20 years to repay my loan I will have paid over $24K in interest. If I pull $20K out of retirement I would have to pay a penalty, but wouldn't it be better than paying the $24K in interest?