keepmine

Thetrustee would seize the property and, after all fees and expenses split the proceeds among all creditors who filed a timely claim. She may benefit from a Chapter 13 where, she keeps the property and after her homestead exemption pays $15K over 36 to 60 months to unsecured creditors who file timely proof of claims.

And, don't transfer property . It's called fraudulent conveyance and the judgment creditor can get it reversed.

As long as your assets are in an ERISA qualified account, they're untouchable-3v3n to a bk trustee. You may want to look at the totality of your situation and consider bankruptcy.

$4k isn't too bad. First, you stop using the cards and then, live like a hermit for 6 months throwing every nickel you can scrape together to apply to the cards. See if you can pickup a pt /weekend job for 6 months and dedicate those earnings to the debt. Also, any tax refund goes to the cards.

Hard to answer the question with no information. How much do you earn/ How much cc debt? Are you still having to use the cards to make ends meet? How much do you owe on your mortgage and how much equity do you have? What are the mortgage payments,etc.

Careful here. The lender still has a security interest even if they haven't physcially repo'ed the car. You're still liable for the loan balance and they can still sue you. Why it hasn't been picked up-who knows. It may be an old high mileage car and not worth the effort, the debtor may have moved and hasn't been found, the paperwork went missing,etc. Just can't say but just be careful about filing for a clear title and bringing attention to the situation.

Don't file bk unless you intend to go through with it. You don't want to file just to delay foreclosure. The BK Reform Act in 05 addressed this. You run the risk of being declared a serial filer and will lose the protection of the automatic stay for up to 180 days when you file for real. Just not worth it.

Actually, it's pretty easy to prove. I was a banker years ago and we had people try this from time to time. We never lost. Our states Uniform Fraudulent Transfer statute reads "any attempt to delay, hinder or, defraud a creditor". It's hard to defend a transfer like this to a friend or family member when you're insolvent and you don't get fair economic value for it {sale to an insider for $1}. Whether a creditor will pursue it or not-who knows. We've all seen banks like Cap1 sue for small amounts just because they can. I'd just caution against getting family involved in the OP's financial problems and for sure ask a lawyer what they think about this idea.

Your best bet is to sell the building. Don't try and set up a trust and drag a close friend or family member into this mess. These maneuvers are not good ideas if you're insolvent. A determined creditor can use your states Fraudulent Transfer Act to unwind the transaction. I've seen this done more than a few times. Many states have a 4 year statute of limitaions on these types of transfers. Don't do it unless a lawyer signs off on it.

I ended up in the Captiol Hill area of Seattle.

Also, should you and your BF contemplate marriage get a pre-nupital agreement in place.

Contact NFCU and see wat you can work out.

Why would you expect them to answer that question? It's none of your concern.

Would agree. The only one who has your best interest at heart 24/7 is-well you. The object of the execrise is to always better yourself. I'd take the job.

Why continue to stick you hand in the lions mouth? You wouldn't know if, was transfered on a contingency or sold. As a previous poster suggested, they'll very likely close the account.