My question involves bankruptcy in the state of: California
Hello everyone, I have a few questions regarding the filing Chapter 7 and property(Real Estate and personal items).
I am awaiting my court date in the near weeks and I need some guidance please. I have been told that after my lawsuit goes to first court date the Judge will award a Judgement to the Plaintiff that day. They can then go about garnishing my wages and attaching Liens to my 25% interest in a property that I inherited from my Dads estate.
I was told the Garnishment would continue till the full balance of 7000.00 was paid in full.
I was told there may be a lien attached to my portion of the property 25% (on a strip of land in a commercial district worth 70,00 at last appraisal) (Zillo.com says nearby land is worth 200,000 to 250,000 for good homes ours has a shack type of structure on it you know old shabby etc.) The Lien will stay until the property is satisfied, maybe.
Can I sell this property for less than its worth ie 2000.00 and get name off of title?
There may be other questions but am limited by time today.
Thanks to all
Hello everyone, I have a few questions regarding the filing Chapter 7 and property(Real Estate and personal items).
I am awaiting my court date in the near weeks and I need some guidance please. I have been told that after my lawsuit goes to first court date the Judge will award a Judgement to the Plaintiff that day. They can then go about garnishing my wages and attaching Liens to my 25% interest in a property that I inherited from my Dads estate.
I was told the Garnishment would continue till the full balance of 7000.00 was paid in full.
I was told there may be a lien attached to my portion of the property 25% (on a strip of land in a commercial district worth 70,00 at last appraisal) (Zillo.com says nearby land is worth 200,000 to 250,000 for good homes ours has a shack type of structure on it you know old shabby etc.) The Lien will stay until the property is satisfied, maybe.
Can I sell this property for less than its worth ie 2000.00 and get name off of title?
There may be other questions but am limited by time today.
Thanks to all
Chapter 7: Regarding Inherited Property and Chapter 7 Procedings
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