Archived
Hi, I am looking to have my boss write my bonus check to a bank to pay off my student loan. Can he use this as a tax deduction?
Michael's answer
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Answered on August 29, 2012
Your boss can not deduct payments for your debts as a tax deduction unless you are a dependant of his, and he can claim you on his taxes. I assume...
Archived
Can spouse potential insurance beneficiary payment due to him interfere with my bankrupty chpt 13. He has no job nor income
Michael's answer
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Answered on August 28, 2012
The answer to your question is that it really depends upon the specific facts of the policy and the type of property state you live in. The real...
Archived
What are my legal ties to a loan i did not sign for?
Michael's answer
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Answered on August 27, 2012
The fact is that your ex in-laws are an unsecured creditor to you and your former spouse. If they are only chasing you, then you should suggest...
Archived
The Ch13 Trustee has filed a motion to dismiss my mortgage company's claim due to inaccurate paperwork. Can I lose my house?
Michael's answer
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Answered on August 26, 2012
If a creditors proof of claim is disallowed, then they are not entitled to be paid out of the proceeds of the Chapter 13 plan. However, that does...
Can an authorized user be held responsible for paying credit cards?
Michael's answer
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Answered on August 24, 2012
I do agree with my brothers for the most part. However, in order to fully analyze your situation, you need to be very clear with respect to the...
Archived
My father co signed some private student loans for me now we where both sued can I file ch13 ?
Michael's answer
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Answered on August 23, 2012
You could file a Chapter 13 bankruptcy case which would enact the automatic stay. Your father as a co-debtor would also be protected as a...
Does a Chapter 13 restart the statute of limitations on credit card debt since it involves agreeing to pay the debt
Michael's answer
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Answered on August 22, 2012
In general filing a bankruptcy case does not restart the statute of limitations on a debt. However, because the Automatic stay 11 U.S.C. 362(a)...
Archived
I live in Sacramento, CA and am contemplating filing for a Chapter 13 bankruptcy.
Michael's answer
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Answered on August 21, 2012
Essentially what happens is that you will be given 60 months to make up the missed payments you have to your mortgage company as of the date you...
Archived
What steps do we need to take? My daughter recieved a phone call from a debt collector saying she owed on a credit card from the
Michael's answer
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Answered on August 20, 2012
In general the answer is no, if the debt is that old and the statute of limitations has run then there is a very good affirmative defense. ...
Archived
I had an agreement wiyh chase credit card to pay 50.00 a month auto debit. They chose to quit taking my money and now are callin
Michael's answer
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Answered on August 19, 2012
This seems a little strange if you already had an agreement in place with Chase. Was the agreement reduced to writing, even an email? If you have...
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