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My wife was just served for a 9K credit card bill that is now 36 months past due. There is no contesting this
Walter's answer
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Answered on March 13, 2012
It doesn't matter where the money came from to buy the house and the stuff inside it -- what matters is legal ownership. If Pennsylvania allows...
Archived
Can I make a deposit of $3200 in my bank account after bankruptcy discharge?
Walter's answer
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Answered on March 13, 2012
The only caveat is to make sure it's not a Wells Fargo account or another kind of account that gets frozen during bankruptcy.
How to avoid involuntary lien on property after bankruptcy closed?
Walter's answer
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Answered on March 13, 2012
Here's the other option. Buy or rent a time machine. Go back to before you filed your case. Hire a lawyer who will do a title search, identify the...
Archived
How long do I have to wait to cash out my retirement after my chapter 7 bankruptcy in Arizona is discharged?
Walter's answer
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Answered on March 12, 2012
Even if you properly exempted your retirement account, it is technically property of your bankruptcy estate until the trustee formally abandons it...
Archived
Can a lien be place against a juveniles savings/trust account?
Walter's answer
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Answered on March 12, 2012
You are a trustee, and your son will be the successor trustee after you die. Property held in trust is not liable for the personal debts of the...
Archived
I currently have a lien on a condo that i own with my mom, can i quit claim on the property and loan?
Walter's answer
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Answered on March 12, 2012
Nothing you can do will relieve you of responsibility for the loan unless the lender agrees to release you, which they won't. Deeding your property...
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Private Loan
Walter's answer
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Answered on March 12, 2012
Yes. You are in the position of a "surety," who is someone who agrees to guarantee somebody else's performance of an obligation. A surety has a...
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Can i file Chapter 7 Bankruptcy if I had a car that was totaled, never recovered, and never paid for in full?
Walter's answer
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Answered on March 12, 2012
You have an obligation under the installment sales agreement to notify the lender when there is a casualty to the car. They are named as the loss...
Archived
I am an officer in an LLC in Texas, will the credit card debt for this entity have any impact on my personal credit?
Walter's answer
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Answered on March 12, 2012
Absolutely -- the issuer will require somebody's personal guarantee. This is about the worst possible way to finance a business. Capitalize it with...
Archived
My sister filed bankruptcy and it went through, she had put my car on it that she cosigned and now the bank sent me a letter
Walter's answer
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Answered on March 12, 2012
Get a copy of the loan agreement and take it to another attorney -- her attorney should be conflicted out because your interests were in keeping...
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