What happens to mortgages and car loans in Chapter 7 bankruptcy? A chapter 7 debtor has three options when it comes to secured debt (debt secured by collateral, such as a mortgage or a car loan): To redeem the collateral or to
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What is a judicial lien? A judicial lien is a lien that gives a creditor an interest in real and personal property of a debtor based on an outstanding monetary judgment obtained by the creditor against the debtor. So, judicial liens are
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5 TIPS IF YOU ARE BEING SUED BY AN INSURANCE COMPANY FOR SUBROGATION If you caused an accident and did not carry adequate liability insurance, you may get sued by the other driver’s insurance company for subrogation, or reimbursement for what it
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Most garnishment cases turn of whether the debtor’s income can be classified as “earnings” within the meaning of the Florida Statute §222.11, which provides an exemption to the head of the household from wage garnishment in certain circumstances. What qualifies as “earnings”
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