I live in Nyc. someone delivered a debt collection summons to a stranger at the adress I have not lived at for over 7 years.

I echo the detailed and thorough advice given by Mr. Smollens. It is critical for you to obtain the papers to determine whether the statute of...

I received a notice of garnishment. Is it too late to call the creditor and work out a payment plan with them?

You certainly can contact the creditor and try to reach a settlement and typically, they are receptive. However, if you were to retain an...

Do I need a bankruptcy / debt attorney ?

You ought to file a police report on behalf of your minor daughter if you haven't already done so, reporting the stolen identity. An attorney may...

Can a person file chapter 7 if in prison in NY

If your son is not going to be incarcerated for much longer, than it may make sense for him to file when he is released. If he has no assets and...

What are the key differences between Ch 7 and Ch 13, pros and cons of each and which would you recommend given my situation?

--In short, chapter 7 is a liquidation of assets in which an individual can obtain a discharge of all general unsecured debt (i.e. debt, like...

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How much may my wages be garnished?

You would not be subject to a wage garnishment if your WEEKLY Disposable income (gross income less deductions required by law (to wit, taxes, your...

Mortgage costs. Fee for bank attorney

It is usual and customary for the borrower to pay the lender's attorney's fee. $800 is within the average range. The requirement to pay would be...

Unfortunately, the failure to file tax returns can be financially disastrous. Even filing late tax returns can be disastrous. The simple answer...

Do I have to pay capital gains on having part of my mortgage 34,000 that has been forgiven from a second mortgage lender

If you filed for bankruptcy, then you do not have to pay taxes on the cancellation of debt. I agree with my colleagues and complete the form...

What happens if secured debt exceeds the federal limit and a foreclosure sale takes place how does chapter 13 work then?

The facts are not that clear to me. Are you saying prior to the foreclosure you wanted to restructure the debt on your home, but now that the...