Archived
If you are unable to pay a judgement, can they take your house or force you to sell your house to pay towards the judgement?
Michael's answer
|
Answered on September 02, 2015
No one can force you to do anything. If the judgment is relatively small and there is a relatively large mortgage ahead of it, it is extremely...
Archived
Can the federal government go after a spouses Retirement account after her husband dies with an 80K Federal Plus loan.
Michael's answer
|
Answered on August 28, 2015
As the spouse being the beneficiary of the deceased debtor, you can only inherit what your spouse had. I do not believe the Federal Government is...
Archived
PRIORY YEAR DEBT CANCELLATION TAX?
Michael's answer
|
Answered on August 27, 2015
Actually, if the credit card issuer sent the 1099 to the IRS before you filed bankruptcy then you need to file form 982 with the IRS declaring...
In chapter 7 filing, does trustee have access to tax returns and if so, for how many years? can they go back any further?
Michael's answer
|
Answered on August 27, 2015
The trustee will see whatever the tax return shows. The trustee can go back as far as 3 years or sometimes even longer.
Archived
Can I include a pre-demo payment plan I have with the city in bankruptcy? The total is at least $25k.
Michael's answer
|
Answered on August 23, 2015
I would like to answer your question but I do not know what a "pre demo plan" mans? In any event, the initial question is, what do you want to...
Archived
If after filing bankruptcy under CHAPTER 13, the debtor/filer can prolong the proceedings for the next two months in NY?
Michael's answer
|
Answered on August 22, 2015
You are required to file your plan within 15 days of the case being filed. Most judges will give you leeway in filing it late.
Archived
If any debtor has filed the bankruptcy under CHAPTER 13 in NY, then the debtor can withdraw the proceedings from court later ?
Michael's answer
|
Answered on August 22, 2015
If you request that the case be dismissed, the Judge will grant it in almost all circumstances. However, you are back to exactly where you were...
Archived
If debtor can ONLY PAY the installments of the secured property of the creditors BUT debtor is not able to pay credit cards??
Michael's answer
|
Answered on August 22, 2015
I really depends on the MTA (form 22) and the equity in your other assets. You need to speak with competent counsel immediately.
Archived
Will answering a summons for a consumer debt give me more time to negotiate a settlement with creditor before judgment is taken
Michael's answer
|
Answered on August 21, 2015
Timely answering the summons will certainly preserve your rights and put you in a better negotiating position. Of course what you put in the...
Archived
I cannot afford to file bankruptcy. I have credit card debt. What can i do?
Michael's answer
|
Answered on August 20, 2015
Maybe you should seek out a free Lawyer service such as legal aid or its equivalent.
