Question by Nick S: I am being sued after a car accident, how can I hide my assets? I was recently involved in a car accident, my vehicle rear ended a truck at about 30mph. The truck did not have ANY working brakelights and stopped very sudden, the driver of the truck received a citation [...]
You have tried to negotiate with your lender and have failed to get a loan modification. Usually, most creditors offer loan modification rather than losing so much of their money. However, if your creditor has not budged and you have no means to pay him back, then you may file bankruptcy.
What should you do if you simply don’t have the money to rescue the account from charge-off, or if the account has already been charged off by the creditor?
Wall Street Journal – USA … modify mortgages tied to assets it acquired through recent federal bailouts, and the Federal Deposit Insurance Corp. is pushing its own formula for loan …http://online.wsj.com/article/SB123328152873231973.html?mod=googlenews_wsj
Sticks asked: Just curious what a few people paid for their loan modification and what kind of a deal you got. I want to make sure that this isn’t just the next wave of shady mortgage lenders. Sally, I disagree. Yes you can do it yourself, but you can also have a professional lawyer do [...]