Archived
I take 72(t) distributions from my IRA. Is my IRA protected in Ch 7. (I am a South Dakota resident staying in Arizona.)
Theodore's answer
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Answered on June 15, 2011
IRA is protected against all but the IRS.
Archived
Chapter 7 bankruptcy in CA 704 exempt Q: filing individually. Own home with mom & step-dad. 150k equity total. How much exempt?
Theodore's answer
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Answered on June 15, 2011
People often ask if they can keep homes, second homes, cars, boats, tax refunds, etc., when they are contemplating Bankruptcy. I always tell them...
Archived
I'm being sued by a credit card company for not paying my bill.
Theodore's answer
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Answered on June 15, 2011
When you find out that a judgment has been entered against you, normally by discovering that your wages are being garnished or the bank account has...
Archived
How much would a bank settle for, for a debt in the amount of $55,000?
Theodore's answer
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Answered on June 15, 2011
When you file Bankruptcy you create a financial estate. That estate is “administered” by a Trustee. There are very different paths to the same...
Archived
Is my traditional IRA and pension protected from a judgement from an apartment complex?
Theodore's answer
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Answered on June 15, 2011
IRA is protected, but the pension may or may not be depending on what kind of pension it is.
Archived
What happens if I didn't answer a summons in time & now my bank accounts are being levied.
Theodore's answer
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Answered on June 15, 2011
When you find out that a judgment has been entered against you, normally by discovering that your wages are being garnished or the bank account has...
Chapter 11 - Bankruptcy - Does interest on debts owed stop running during the bankruptcy?
Theodore's answer
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Answered on June 15, 2011
Depends on the type of debt. Yes for most arrears, no for taxes and secured debts that exist and are paid outside the plan. Some debts keep...
Archived
Can a False Claims Act be filed as an adversary proceeding if it relates to an active Chapter 11 Bankruptcy Case?
Theodore's answer
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Answered on June 15, 2011
You would probably have to succeed in the adversary so you could file the FCA claim. Why would it have to be filed under seal? It's possible, but...
Archived
If i have child supportscoming out of my check can i be garnish by a credtor?
Theodore's answer
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Answered on June 15, 2011
Yes. If the child support payments are being paid voluntarily your remaining wages can be garnished.
Archived
IF I GO SET A COURT DATE WITH THE COURT .CAN I BY LAW BE ABLE TO RECIEVE AN ABSTRACT TO GET MY DRIVER LICENSE BACK.
Theodore's answer
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Answered on June 15, 2011
You can always go to DMV and get a copy of the abstract.
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