If I give a relative $150,000, will they have to pay gift tax?
There is a huge misunderstanding when it comes to gift taxes. FWIW I think it's the most misunderstood area of estate / tax planning. The current...
New York, NY
Estate planning Lawyer at New York, NY
Practice Areas: Estate Planning, Probate
There is a huge misunderstanding when it comes to gift taxes. FWIW I think it's the most misunderstood area of estate / tax planning. The current...
I'm not sure what bad advise you are referring to, but let's assume that you have what's commonly referred to as a "no asset" chapter 7. This...
If you did not sign a reaffirmation agreement then you would be in the clear and not financially responsible for the debt. It's something your...
Many states, such as NY where I practice, have various exemptions that allow you to protect a tax refund. Based on what you're being told by local...
Who sent you the letter? If it's the bank then I would argue that you do not owe them the money. That being said, it's quite uncommon for a bank...
While your case is not technically over until the Court closes it, if you were my client I would tell you to rest easy. Once the Trustee has...
The income would need to be set forth on Schedule I. It would not count against you for purposes of the Means Test. While it would increase your...
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I'm not sure as to your mortgage arrears, income, etc. but the modification itself doesn't seem like anything special. If you have sufficient...
Being in the bankruptcy won't prevent you from obtaining a car line, however, there are several things you should line up prior. The first is...
I'll preface this by saying that if the car is your only material debt then I'm not sure bankruptcy is the best option for you. That being said,...