Archived
Is it legal for a credit union to deny use of a personal debit card until a person is caught up on thir mortgae payments?
Richard's answer
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Answered on February 08, 2011
Your relationship with a credit union is somewhat different than that with a commercial bank in that you a member of a credit union rather than...
Archived
Is it legal for a credit union to deny use of a personal debit card until a person is caught up on thir mortgae payments?
Richard's answer
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Answered on February 08, 2011
Your relationship with a credit union is somewhat different than that with a commercial bank in that you a member of a credit union rather than...
Archived
Can a landlord add interest to a judgement amount
Richard's answer
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Answered on February 01, 2011
Once a matter is litigated and reduced to a judgment, the judgment accrues interest at the statutory rate until it is satisfied - in NY the rate is...
Archived
I have a summary judgment placed on me for real-estate debt, do i have any rights or should I file bankruptcy or negotiate?
Richard's answer
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Answered on February 01, 2011
Unless you believe that you may have a meritorious defense to the action, there is little recourse at this point other than seeking the advice of...
Archived
One business is closing and I gave a personal gurantee. Can the banks go after my other businesses?
Richard's answer
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Answered on January 31, 2011
The holder of the note has the right to pursue any signatory of that instrument. The term of art is joint and several liability.
While your LLC...
Archived
Would hiring a lawyer be better than going through a company like ARS that will negotiate down my debt with credit card comp?
Richard's answer
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Answered on January 31, 2011
It all depends on your present income and expenses. While 17K is a large amount of debt for an individal earning 25k a year, it is less of a...
Archived
Tax Return during Chapter 7 Bankruptcy
Richard's answer
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Answered on January 31, 2011
It depends on when you filed your case. Assuming that you filed prior to 1/22/11 (when the NYS exemptions increased), an individual can protect up...
Archived
How do you calculate interest on an outstanding judgment that has not been paid out. Also is the interest calculated per year?
Richard's answer
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Answered on January 30, 2011
The legal rate of interest in New York is nine (9%) percent per year and it accrues from the date that the judgmentg is entered until it is satisfied.
Archived
What can happen if you morgage is not recorded
Richard's answer
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Answered on January 30, 2011
The note and the mortgage are two different instruments.
In most situations in New York, at the time of the closing, you purchased mortgage...
Archived
Re: My bankruptcy was discharged in 2008
Richard's answer
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Answered on January 30, 2011
Unfortunately, if a debt is not reaffirmed during your bankruptcy proceeding, a creditor is not legally obligated to report anything on that...
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