Archived
Are there loan forgiveness programs for private student loans for people who are 100% permanent and totally disabled? Who does?
Walter's answer
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Answered on March 21, 2012
Not typically. Private student loans even outlive you. Vote your self interest in November -- your congressional delegation is a big part of the...
Archived
ARE FUNDS FROM A REVERSE MORTGAGE SETTLEMENT DEPOSITED IN A
IRA ACCOUNT AVAILABLE TO CHAPTER 7 B/RUPTCY CREDITORS
Walter's answer
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Answered on March 21, 2012
IRA's are exempt up to about $1 million so long as all the IRS rules about the account have been followed. Perhaps a tax lawyer knows what a...
Archived
Dismissed bankruptcy now terminated.
Walter's answer
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Answered on March 21, 2012
Attorney Wrobel means "yes, you can file a motion to reopen the case." But why do you want to? Perhaps there's another way to achieve your goal. Or...
Archived
Is a seizure of property the same as a lien?
Walter's answer
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Answered on March 21, 2012
No, it's not the same thing as a lien. A judgment lien on exempt property can be avoided in bankruptcy anyway.
You most important option is a...
Archived
If the Bank has sent a Notice of sale to foreclose the Coop, how Bankr Chapter 7 is going to work? For how long it would stop
Walter's answer
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Answered on March 21, 2012
In my opinion, filing a bankruptcy case solely so the automatic stay can kick in and delay a foreclosure for a short while is bad faith. If your 11...
Archived
I live in RI what can I do about old debts?
Walter's answer
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Answered on March 21, 2012
The verification a creditor has to provide under the FDCPA is little more than, "Yeah, we're pretty sure this your debt." Move north a few miles...
Archived
Can you file for personal bankruptcy?
Walter's answer
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Answered on March 21, 2012
The "you" in your question "can" file for personal bankruptcy. The question "you" should be asking instead is what the likely result would be....
Archived
I recieved a 1099 for canelled debt after I filed Chapter 7 bankruptcy. Do i put this on my taxes?
Walter's answer
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Answered on March 20, 2012
Maybe -- see a tax professional. The debt was not discharged in a case under Title 11, so it will be treated as ordinary income unless one of the...
Archived
Should I switch banks after Chapter 7 bankruptcy?
Walter's answer
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Answered on March 20, 2012
Why on earth did you leave money in that bank when you owed them money? Every bankruptcy attorney I know of advises clients to remove all funds...
Archived
How can I keep my tax return after filing chapter 7 BK?
Walter's answer
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Answered on March 20, 2012
Luckily, a California bankruptcy attorney has told you the score on what California exemptions allow. The short answer to your question, though, is...
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