Archived
Is a student loan (or loans) owned by the government and in good standing dis-chargeable if I am considered fully disabled?
Michael's answer
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Answered on August 22, 2012
Even though you are qualified for SSD does not mean you will meet the Undue Hardship test under the Bankruptcy Code.
And the fact that you can...
Archived
What will my credit report look like after a chapter 7 bankruptcy?
Michael's answer
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Answered on August 22, 2012
Will or should is the real question. Under the FCRA (Fair Credit Reporting Act) the balance of each debt owed should be 0. If that is not the case...
Archived
I live in NY ,Orange county.My house is way underwater and I decide to walk away. Will bankruptcy protect me for owing anything?
Michael's answer
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Answered on August 21, 2012
You should maintain property insurance on the house and property until the title is taken back by the bank in foreclosure so that you are protected...
Archived
If I file personal bankruptcy do I have to claim my S corporation as assets?
Michael's answer
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Answered on August 21, 2012
On Schedule B you must list the value of the shares of stock in the S Corp. If the S Corp purchased the business equipment then you may be able to...
Archived
Bankruptcy Chapter 7
Michael's answer
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Answered on August 08, 2012
It really depends on the new salary and if you were given the offer before or after your case was filed.
Can a creditor tell my spouse information and request that she pay for a past due account of mine that she has nothing todo with
Michael's answer
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Answered on August 08, 2012
The Fair Debt Collection Practices Act does not protect you against the creditor that you owe the debt to.
It may not be fair but if the ...
Archived
Is my child support debt reduced or discharged when filing for bankruptcy?
Michael's answer
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Answered on August 06, 2012
No but you should go to Family Court.
Archived
I am going to sell the coop apartment for smaller price I have purchased it for and really in need to file for bankruptcy ch 7
Michael's answer
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Answered on August 06, 2012
You should be fine.
Archived
My mom used my SS# for utilities since I was 15. My credit is now shot. I am 30. What can I do? Is it too late?
Michael's answer
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Answered on July 29, 2012
Yes there are things you can do but do you really want to do something against your mother and even if so, I would think the statute of limitations...
Archived
Does the bank have, under the law, a maximum amount of time not to be exceeded to foreclose on a home after bankruptcy?
Michael's answer
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Answered on July 26, 2012
In a word, No. Your house is collateral for the money you borrowed from the bank to buy it. If the bank does not want to take back the collateral,...
