If it is a true student loan, it cannot be discharged, even if the debt is being collected by a debt collection agency. If the debt is a private...

If i have a multi member llc would the tax be less if it was single owned?

This is a very complicated question. It really depends on how you are currently taxed and what would you change to. Many people who has this...

Can you be sued by the finance company for a voluntary repossession that is almost 20 years old?

They can bring the lawsuit, but you can use statute of limitations as a defense. Most contract claims in Virginia fall under a 5 year statute of...

Am I responsible for my deceased husbands mortgage on our house?

The mortgage is secured against the house. If you want to keep the house, the mortgage must be paid. You can continue paying the mortgage the...

Will the lawyer accept a payment plan if person filing is unable to make lump sum payment ?

Most attorneys will allow some sort of payment plan. In a Chapter 13, often lawyers are paid part upfront and part over the course of a plan. In...

Can I file for bankruptcy?

You can file bankruptcy without your spouse. However, there are numerous things to be considered here. First, the court will consider your spouse's...

Can a credit union cross reference a unsecured loan and secured loan?

Credit Unions can use collateral from one loan and apply it to another loan, this is call cross collateralization. Credit Unions, unlike banks, are...

Can I stop paying my mortgage?

Your answer depends on how your debt was treated in your case. If you filed bankruptcy and had those debts at the time of filing, then they were...

In a chapter 13 bankruptcy to try to salvage house by Plan to catch up mortgage what happens to unsecured debt ?

How much you pay to unsecured debts will vary a lot from case to case. There are generally three factors that control how much unsecured creditors...

This will depend on your jurisdiction. However, in my experience, when Chapter 13 Debtors have a house sale, the trustee provides a payoff that is...