Cross-Collateralization and bankruptcy

Recently on our legal forum a user asked, “I filed for Chapter 7 bankruptcy last year and had $10,000 worth of unsecured credit card debts discharged. Unfortunately, one of those credit cards was with a credit union. I also had a car financed through the same credit union. I paid off the car loan, but the credit union is refusing to send me the car title. When I talked to them they said something about cross-collateralization. Can you tell me more about what this means?”

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Will I get my parent’s 401K money when they die?

Recently on our legal forum a user asked, “I am in a financial crisis. I have thought about filing for bankruptcy. Last week my parent’s both died in a car accident. They don’t have many assets, but they do have close to a million dollars in their 401K account. They were over the age of 70 and already withdrawing money from their account. I am their only child. Do I get their money when they die? Can I get it all at one time?”

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What bills do I pay first if I cannot pay them all?

Recently on our legal forum a user asked, “Everyone around me seems to be doing great: new houses, new cars, new pools. I am struggling to pay my bills. Creditors call me every day and hound me for money I don’t have. I am wondering what bills I should pay first if there is no way I can pay all my bills every month.”

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Top reasons for a Chapter 7 Bankruptcy dismissal

Recently on our bankruptcy forum a user asked, “I filed bankruptcy several months ago. I have heard horror stories about how some filers have their Chapter 7 bankruptcy cases dismissed. I am desperate and cannot have that happen. Can you tell me what I need to do to ensure that I do not face a Chapter 7 bankruptcy dismissal?”

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Creditors threatening lawsuit steps to take

Recently on our bankruptcy forum a user asked, “I have lost my job. Creditors are calling constantly. My bills and debts are the first thing I think about in the morning and the last thing I think about at night before I go to bed. I have tried to contact the creditors and negotiate new debt payments plans but several of creditors are threatening to sue. I am wondering what I should do. I know I shouldn’t avoid a creditor, but if I have no money and cannot repay them what are my options?”

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Assault of repo man what will happen to me?

Recently on our legal forum a user asked, “I had a confrontation with a repo man who was trying to repossess my vehicle. He was attempting to remove my car from a parking lot. I confronted him, struck him several times, and bashed in the front windshield of his tow truck. I know what I did was wrong and illegal. I just go angry and exploded. The police were called, and I was arrested. Can the repo man just come and take my car without warning? What will happen to me? Will I be charged with assault?”

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Does the military care if I file for bankruptcy?

Recently on our bankruptcy forum a user asked, “I am considering joining the army. I am in a desperate financial situation. Not only do I have $20,000 in credit card debts I have a car I cannot afford and $50,000 in medical bills. I have wanted to be in the military my whole life. Will filing bankruptcy hurt my chances?”

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