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Debt
- Can I be jailed for not paying a debt (credit card bill)?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
You can't be jailed for not paying a debt. But you could be put in jail, at ...
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Lawyer's answer:
We did away with "debtor's prison" in the 1700's in this country, but every so ...
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Collections limits
- I received a letter from a collection agency in the amount of $451.00. This is a credit card bill from 1992. Is there a statute of ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Welcome to the world of collateralized debt obligations! In WA, a debt is stale ...
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Lawyer's answer:
I am not a Washington attorney so I would suggest you ask a Washington attorney ...
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Collections
- We owe money to a landscaper which, without any notice has turned our account over to collection. We were not given opportunity to settle ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Most likely it is legal.
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Lawyer's answer:
If the debt is owed, then a creditor can assign the debt to a collection agency....
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Co-signing a loan
- I co-signed a loan for a friend's automobile. I just found out that payments were not made and the vehicle was repossessed. Will this ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
As a co-signer, you are liable for the loan. If the vehicle is repossessed and ...
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Lawyer's answer:
In addition to Shane's answer, I would add that you should look at the contract ...
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Collection agency
- Can collection agencies take money out of my bank account?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
In some circumstances, collection agencies can indeed take money out of your ...
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Lawyer's answer:
Shelly's answer is absolutely correct, and I just want to add two addenda: 1) A ...
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credit card debt
- I got out of college and when I got my first job I went crazy with the credit cards. I now owe over as well as over $60K in student loans. ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
It is inappropriate to give bankruptcy advice without first giving important ...
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Lawyer's answer:
The bankruptcy laws for student loans are quite complex, and you should seek ...
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affect on record
- If I file a bankruptcy, can I ever buy a home? How long does the bankruptcy stay on my record?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
As the previous answers noted, the bankruptcy can only be reported on your ...
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Lawyer's answer:
There are studies out there that show that a persons credit score actually ...
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which kind of bankruptcy to use
- I have heard there are lots of kinds of bankrupties. How do I know which one to use? Are there different kinds for ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Thanks for your question. It's a good one, and there are a number of angles to ...
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Lawyer's answer:
The most common forms of bankruptcy for individuals are Chapter 7 and Chapter ...
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will they take my house away?
- My home is in foreclosure but I do not want to lose it. If I fila for bankruptcy, does the court take it away?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Without knowing the exact circumstances, including the value of your property, ...
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Lawyer's answer:
If you want to keep your house in bankruptcy, you will either have to get ...
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affect on credit rating
- What effect does a bankruptcy have on my credit rating?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
In fact, a bankruptcy is bad for your credit rating, but you will likely be ...
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Lawyer's answer:
While a bankruptcy can hurt your credit score in the short term, it gives you a ...
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business bankruptcy affect personal assets?
- I own a small business which is not doing well; I don't know if I can make payroll. If I file for bankruptcy ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Most small business owners are required to sign personal guarantees for credit ...
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Lawyer's answer:
Your business bankruptcy case can impact your personal assets, and will likely ...
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threatening bankruptcy
- I am a sub-contractor. The contractor tells me that if I try and make him pay me what he owes me by suing him, he will file for ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Unfortunately, probably so. When a creditor files bankruptcy, unsecured ...
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Lawyer's answer:
The facts outlined in your question are too few and too general to permit a ...
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collection agencies continue calling
- I filed for bankruptcy last year, but collection agencies are still calling me trying to get money from me. What can ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
If you filed and properly completed bankruptcy, you should receive a discharge. ...
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Lawyer's answer:
To add to the previous answer, you should put the bankruptcy information in ...
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Un-do bankruptcy?
- After declaraing bankruptcy, my aunt died and left me enough money to pay my debts. Is it possible for me to pay them and get the ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Any inheritance you receive within 6 months’ of filing is property of the ...
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Lawyer's answer:
Your question really seeks legal advice that is impossible to give in a public ...
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IRS debt
- If I declare bankruptcy, will my debt to the IRS be erased too?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
very generally speaking, the answer is no. The government makes sure they take ...
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Lawyer's answer:
Your question really seeks legal advice that is impossible to give in a public ...
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wife declares -- will it affect me?
- My wife and I are separated, and she told me that she is planning to delare bankruptcy because she cannot pay her bills....
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
To the extent that you are joint with her on any loans, the creditors will be ...
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re-organization
- My business is in trouble and I don't know what to do. I have always paid my bills on time but now it seems I am always playing catch-up. ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
A Chapter 11 bankruptcy can give a business an opportunity to refocus its ...
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Lawyer's answer:
I assume you have already talked to your vendors to see if they can give you ...
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who calls the play
- I would like to file for bankruptcy for my business and use the process to pay off my most loyal suppliers and vendors. I am worried ...
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
Yes. Bankruptcy statutes set forth what creditors are entitled to get paid and ...
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Lawyer's answer:
Yes, bankruptcy sort of takes the division of assets out of your hands.
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can I lose it all
- If I file a bankruptcy, do I get to keep any of my money or does it all go to pay my creditors?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
If you file for bankruptcy, certain assets are exempt. Have a look at www....
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Lawyer's answer:
Bankruptcy is designed to give a debtor a fresh start, and to stay or ...
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what can I keep
- If I declare bankruptcy, can I keep the home entertainment system I am making payments on? Can I keep the car I have a loan on?
Washington.
Posted 8 months ago in Bankruptcy / Debt.
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Lawyer's answer:
It depends. Many times, if you are making payments and you are current, you ...
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Lawyer's answer:
As to the home entertainment system, review the agreement you entered into when ...
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