Fords, NJ Bankruptcy Law Firms & Lawyers

It might help had you said why you are being interviewed by the trustee, but generally, if you can start a new business for little or not up front investment after filing bankruptcy, go for it.

Did you file bankruptcy through an attorney? If so return to that attorney and tell them what's going on. It isn't too clear from your question what is really happening. Do you mean the lender has already foreclosed on the property and you are being sued for a deficiency by a second lender? That is not allowed after bankruptcy, so get yourself to your attorney. However if you mean the lender is foreclosing on the property that is a different story. The loan was secured by the home and if you stopped making payments on the loan, they have the right to foreclose on the property this is true even if you filed bankruptcy. If the lender already foreclosed on your home and is now suing to get you out of the home, that's an unlawful detainer (eviction) and your bankruptcy doesn't protect you from that. As you can see there are lots of nuances and it is best to consult with your prior bankruptcy attorney or someone who you can explain the situation fully to and ask questions of. Good Luck.

It depends. If your friend is current on the mortgage payments then she can keep her house in either a Chapter 7 or a Chapter 13. If she is not current on her mortgage payments and the house is under water (the mortgage balance is more than the current value of the house), then she will lose the house in a Chapter 7. However, if she can afford to make the mortgage payments going forward then she may be able to keep the house in a Chapter 13, if she can also afford a monthly Plan payment based on her Disposable Monthly Income.