Loan modifications can take an extremely long period of time. At the present time there are a number of sanctions against 11 or 12 services for...

Does the automatic stay in a Ch. 11 corp. bankruptcy mean all litigation against the firm is stopped?

The automatic stay means that an existing case may not proceed with out the permission of the Bankruptcy Court. The existing case should not be...

Would this be considered legal?

If you transfer your funds to your son to avoid creditors, the court may consider that to be a fraudulent conveyance. Although your SS and VA...

Is this legal?

If you transfer your funds to your son to avoid creditors, the court may consider that to be a fraudulent conveyance. Although your SS and VA...

After a Chapter 7 is discharged by the court is it legal to "pay back" select creditors-namely a family member or friend in MN?

A discharge in bankruptcy relieves you from being required to pay your unsecured personal debts. However, you may voluntarily choose to pay which...

Chapter 7 no asset case filled

Your balances should show as $0 after your discharge is received. There will be a notation that the debt was discharged in bankruptcy. You...

How can I file Chapter 7 against joint ccards with wife. (she won't file) and put payback on terms an not hurt her credit?

If you are filing for a chapter 7 bankruptcy you will be relieved of all responsibility to pay the entire credit card. You can't choose to pay...

In filing Chapter 7 bankruptcy, can creditors come after spouse for CCards that are not in their name. Divorce first?

If the credit cards are in your name only, then you are the only person liable for the payment of those cards. Once your chapter 7 has been...