Archived
Filing chapter 7 soon but I need to finance a vehicle 1st. Will this be a problem? Do I need to wait a certain amount of time?
Mitchell's answer
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Answered on December 30, 2010
Incurring more debt is not the problem. If you did this with the intent to discharge the debt, you might have an issue. Buy the vehicle and either...
Archived
Am I responsible for my closed business debt?
Mitchell's answer
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Answered on December 30, 2010
If the account was in the name of the LLC only, then it is LLC debt and not yours personally. If there were no assets, they cannot come after you...
Archived
I just got sued by a debt collector I'm inrolled in a debt settlement program what can I expect when showing up to court?
Mitchell's answer
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Answered on December 30, 2010
Debt Settlement companies do not help here at all. If a creditor decides to sue, you need a defense or you will face judgment and then possibly...
Archived
Who OWNS what after the bankruptcy has been cleared?
Mitchell's answer
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Answered on December 30, 2010
The short answer is in Chapter 7, whatever cannot be protected, you either lose or buy back from the trustee. In Chapter, you pay it out over time....
Archived
I have an investment house going into foreclosure in FL 2010. I declared bankruptcy in 2009. Can I get a "deficiency judgement"?
Mitchell's answer
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Answered on December 30, 2010
If you did not reaffirm the mortgage (which is unlikely), then it was discharged and no deficiency is possible.
[I am a Virginia-licensed...
Archived
What happens if after my exception for wage garnishment is submitted?
Mitchell's answer
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Answered on December 30, 2010
Are you filing a statement that your money qualifies for an exception to the wage garnishment. If so, then you usually have a hearing on the issue....
Archived
I am about to file bankruptcy. Do i need to close any bank accounts, and will my student loans be effected?
Mitchell's answer
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Answered on December 30, 2010
Listen to Mr. Ruthven. Close your accounts in any bank to which you owe money and if you have money in Wells Fargo (or Wachovia) because they...
Archived
I received a letter from Palmer, Reifler because I was caught shoplifiting at walmart. I was wondering if By making this
Mitchell's answer
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Answered on December 30, 2010
I would talk to a Texas criminal attorney (or post this to criminal law). The question is whether you can be prosecuted for theft and ordered to...
Archived
Outstanding fines
Mitchell's answer
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Answered on December 30, 2010
It all depends on the lien and what it is for. This affects whether the lien expires, whether the debt is subject to a statute of limitations, and...
Can a licensed Real Estate Broker in California be punished or suspended for filing personal bankruptcy on consumer bills
Mitchell's answer
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Answered on December 30, 2010
An employer cannot discriminate against someone who files for bankruptcy.
[I am a Virginia-licensed attorney. This communication is intended as...
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