When should a business file for bankruptcy?

From your question, I assume you wish to terminate the business, which would mean filing under Chapter 7 of the bankruptcy code. In my experience,...

My mother , 71, took out a PD loan for $1,000.00. She is on SSI & has paid back well over$500, still owes $1,086.

I agree with my colleague and would only add that, depending on your mother's financial situation, there may be little that the creditor can do....

How would the court determine my ability to pay chapter 13 plan if I have no disposable income left?

You will have to propose a plan that pays back any arrearage owed to secured creditors (typically your home and vehicle lenders) and the back...

In Pennsylvania, the general rule is that each spouse is responsible for his or her own debts only, unless the debts are incurred in behalf of the...

Am i resposible for my husbands debt

When a married couple have joint debts, the fact that they have separated (or divorced) does not eliminate the responsibility of the co-debtor to...

We filed for a loan modification over ayear ago. The bank just recently offered a trial modification with our paym't increasing

Yes. you should discuss the matter with an attorney familiar with both mortgage foreclosure defense and bankruptcy. By defending the foreclosure...

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After many years of bad health I have accumulated thousands of dollars of medical bills which I am unable to pay.

I agree with my collegues. Based in the information you provided, you should qualify for Chapter 7 bankruptcy . Chapter 7 eliminates most debt,...

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I have a foreclosure court day in nov.19th can you help me save my home.

It is most likely possible to stop the foreclosure. However, whether you will ultimately be able to save your house depends on the facts of your...

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Which Statute of Limitations applies for credit card debt? I have creditors on my back for 2 different credit card balances.

Pennsylvania's Statute of Limitations on debt is four years. However, Pennsylvania has a borrowing statute that applies the the shorter of...

If you win a medical malpractice lawsuit filed 4 years after filing Chapter 7, can the trustee take monies owed to the creditor?

I agree with my colleagues that the claim should have been listed in your bankruptcy schedules, although it is unclear from your question whether...