Do we need to file bankruptcy ?

Bankruptcy for the corporation will usually not have any real benefit in this situation, as all that happens is that the business assets get...

is a asserting that you owe a deficiency balance after work chapter 7 Bankruptcy considered a violation?

The question is whether the notice is seeking to collect from you personally on a debt that has been discharged. Normally, a discharge eliminates...

How does the exemption filing process work? How do i choose federal over state exemptions? I need auto plus wildcard to cover ca

Exemptions are claimed on schedule C. You select the federal exemptions on that schedule. Make sure to get an accurate value. Kelly Blue Book trade...

Chapter 7 Judgment Lien

Judgment liens remain on real estate after discharge until they are removed. Fortunately that is easily done. A motion to cancel the judgment under...

Do I have to answer the information subpoena ? Can they pursue me and my employer at the same time ?

First, you need to get the records of who was paid what amount. Your employer should have those. The information subpoena is a discovery tool. If...

Concerns about bankruptcy?

If you signed as a responsible party, you owe the debt. In New Jersey, spouses can also be liable under the "necessaries" doctrine for medical care...

What do I need to file bankruptcy, I know the first thing is a lawyer, than what?

Start by finding someone with experience and good recommendations then set up a consultation.These are generally free. You may be asked to prepare...

How to negotiate payment plans for long defaulted credit cards? Owe 50K. Do I Need a lawyer?

The other answers are correct. However, you need to start with an accurate budget so you know what you can afford. When we have done this, we have...

Should my business file a Chapter 7 bankruptcy if it has no assets?

No credit counseling is required for an LLC. However, if you have not paid annual fees or filed annual reports, the LLC may have had its charter...

I agree with my colleagues. Whether a bankruptcy is a good idea depends on several factors, including your income vs expenses, your assets and your...