Hello, I recieved a letter in the mail stating that I had filed for chapter 11 bankruptcy. I am 20 years old and I have no
Theodore's answer
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Answered on May 26, 2011
Have to look at the letter. More likely then not you are listed as a possible creditor. Chapter 11 is for companies or individuals whose debts...
Archived
I live in MN and my husband had credit cards before we were even married, in his name only, am i responsible at all? I do not be
Theodore's answer
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Answered on May 26, 2011
When you get married the debt you have amassed prior to the marriage do not automatically become the liability of your new spouse. However, the...
Chapter 13 - How much of the debt is reduced permanently from the start?
Theodore's answer
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Answered on May 26, 2011
The unsecured debt does not affect the amount of your payment in a 13. The debt is owed until you get a discharge.
Archived
Writ of execution
Theodore's answer
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Answered on May 26, 2011
You must serve the writ on the employer. If the person is being paid under the table they may not honor the writ.
Archived
I recently had a judgement awarded against me. My bank account has been levied and a wage garnishement has been filed.
Theodore's answer
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Answered on May 26, 2011
They are assets whether you owe on them or not but if there are secured creditors it greatly lessens the likelihood that the asset will be siezed. ...
Archived
Judment before bk
Theodore's answer
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Answered on May 26, 2011
You cannot protect the judgment from inclusion in a bankruptcy.
Archived
A online purchase...
Theodore's answer
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Answered on May 24, 2011
How did you pay the charge? Can you dispute the fees for the engine on the credit card?
Archived
2003 I closed on my mortgage, just found out in Foreclosure court record that the bank illegially signed my name. Sign for pages
Theodore's answer
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Answered on May 24, 2011
Can't answer the question based on what you have reported. Are you sure they did not give you a copy before the review and you initialed the copy...
Archived
Question regarding surplus from a house sale and probate.
Theodore's answer
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Answered on May 24, 2011
You have to sue or agree on this issue before the court will releasse the funds.
There is no basis in my opinion to claim the entirety of the...
Archived
How is value of a member's interest in LLC determined in a Chapter 13 filing?
Theodore's answer
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Answered on May 24, 2011
Look at the balance sheet for the income tax returns. Value the assets of the business at liquidation rates and add up the collectable accounts...
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