Geico is suing my huddy $34k for claim (8yrs ago) and now are trying to recoup their loss.
More information is needed, but you might have a oomplete defense in state court based on the statute of limitations if Geico is just now filing a lawsuit based on a loss from 8 years ago. Otherwise, most debts can be eliminated in a bankruptcy.See question
What does it mean when the Atty asks for these docs, within ten days, but to send the information asap so she can "do what she needs to do to figure out whether to drop it or go forward with it" mean. After my brother has a case number and has bee...
When a debtor files bankruptcy, as of that date, the bankruptcy trustee has a right to collect any inheritance that is presently due to the debtor. Additionally, this rule applies to any right to an inheritance within 180 days after the bankruptcy is filed (so if someone passes away in the 180 days after filing, and the debtor can inherit, these funds belong to the trustee).
If there is a large inheritance and not much debt, the debtor might try to have the bankruptcy dismissed and just payoff the debt from the inheritance.See question
The homestead property has been homesteaded by a married couple for 6 years. Only one recipient of homestead exemption is filing BK. When couple purchased property there was an existing tenant with an existing business(on same parcel but not in h...
There are decisions by Florida bankruptcy judges that permit the sale of homestead property as a result of business use (based on a percentage of use for business purposes, the entire property can be sold and the debtor just receives his percentage of the sale price.). You need to consult a local bankruptcy attorney. Also, the property might be claimed as exempt as tenancy by the entireties property, subject to possible claims of joint creditors.See question
will filing chapter 13 help,( chapter 7 or 12 will not do) since the summary judgment is in 2 weeks.
A bankruptcy filing creates an automatic stay which stops any state court action against you. The appropriate chapter to file should be discussed with an attorney. Also, as appears to be suggested by your question, there may be problems and disadvantages that would make any bankruptcy or a particular chapter of bankruptcy inadvisable.See question
For instance: My Credit Union - line of credit & visa cc
You are obligated to list every creditor. You are filing bankruptcy signing under penalties of perjury. You are permitted to reaffirm debts during your bankruptcy, meaning you agree to still be responsible to make payments. This more typically involves secured debts like car loans. It generally makes no sense to reaffirm an unsecured debt.See question
Unemployed Disabled Credit Card Debt Only
No, a debt to income ratio is not a factor on whether you can file a bankruptcy petition. The question is whether it makes sense on your facts and circumstances to file.See question
I had a auto accident in 2012 I was said to be at fault. There was no ticket given and it got thrown out of court. They took me to civil court and won because I didn't show up. Now I owe 14,000$. I have other debts back not so bad. I talk with th...
A chapter 7 bankruptcy will get your license back if it was suspended for failure to pay a debt based on the car accident. You can file a bankruptcy, list the accident case creditor, and then take a copy of the papers to the Florida Division of Motor Vehicles. I obtain a certified copy from the bankruptcy court of the petition and Schedule F showing the accident creditor was listed.See question
Not sure by I get the impression that Ch 7 is eliminating your debt... and that Ch 13 is some kind of re-payment plan??
The goal of both chapter 7 and 13 is to eliminate your debt by obtaining a discharge. The difference is that in a chapter 7 there is no payment plan required to pay back anything to unsecured creditors. In a chapter 13 you must make a monthly payment to a chapter 13 trustee for 3-5 years to pay something back. There are numerous issues as to your individual case as to which chapter is the most advisable.See question
Being sued for a personal loan that i don't admit nor deny, but its been since 2/18/2010 that the supposed note was signed by me. This person who I use to interacted with on a daily basis till recently never mentioned about payments or debt till n...
The general rule in Florida is the statute of limitations is 5 years on a written contract or promissory note from the date of the last payment.See question
I am going through a hard economic situation and I am also getting divorce, I have a small property that is already paid off, I am really worried about it and i think i should claim for bankruptcy.
More information is needed and you should consult an attorney with the details. Is this your current homestead? When was the home purchased and paid off? What was the source of the funds and when was the property paid off?See question