Archived
Motherinlaw fell for the grandparents scam in Clinton Twp MI. Is she or my fatherinlaws estate liable for credit card debt?
Scott's answer
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Answered on July 05, 2012
More facts are needed to fully answer this question. However a few considerations include first, if the credit card was only in mother-in-law's...
Archived
How long can someone operate a business under Michigan law if they file a Chapter 7 bankruptcy?
Scott's answer
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Answered on June 07, 2012
If your only major debt is the commercial loan, you should explore the possible sale of the motel with your bank loan officer. It is possible the...
Archived
Can I get spousal support and child support since my soon to be ex filed bankruptcy?
Scott's answer
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Answered on May 17, 2012
Since you refer to your "soon to be ex husband", I aml assuming that your divorce case has already been filed with the family law court. Your...
Archived
My finance co signed a credit card for me. He's filing bankruptcy of other reasons. Can he add this?
Scott's answer
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Answered on May 08, 2012
Each person who cosigns for a credit account normally has full responsibility for paying the account debt. If your fiance files a Chapter 7...
Archived
Can I file for bankruptsy if I have money in a 401K or will I have to use the money in my 401K to pay off my current debt?
Scott's answer
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Answered on April 02, 2012
Your 401K account is a protected exempt asset in bankruptcy as an IRS qualified retirement asset. The bankruptcy law exemption allows you to keep...
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