Archived
I am getting letters from a collection atty threatening to take me to civil court on medical bill from a surgery
Mitchell's answer
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Answered on November 27, 2010
I am not a Tennessee attorney, but it appears that this is contract issue and the limit is 6 years from the date of breach. If you are getting...
Archived
BK Trustee Demands Years of Records
Mitchell's answer
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Answered on November 27, 2010
If you received your discharge, your case is completed. Contact the trustee and ask why he (or she) wants this information. Unless the trustee has...
Archived
C-corp is struggling, $52k in credit card debt, not able to make payments.The business will close, what about personal assets?
Mitchell's answer
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Answered on November 27, 2010
You might want to talk to a consumer law attorney, one who handles debt and contract issues as well as bankruptcy. You have a number of issues....
Archived
I currently live in Texas but have a debt that i assuemed in Pennsylvania. Can I demand a written contract for the debt of them?
Mitchell's answer
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Answered on November 27, 2010
Ask them to point you to the law that says that it is illegal for them to send a letter. If you are asking that they mark the debt as current on...
Archived
What are the rules concerning forming a new corporation after filing a Chapter 7 bankruptcy?
Mitchell's answer
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Answered on November 27, 2010
Not that there is much more to add, but you did not say whether there was an old corporation. If you currently own a corporation, its net assets is...
Archived
Cram down mortgage on investment property.
Mitchell's answer
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Answered on November 27, 2010
You can cram down a mortgage on investment property. However, there is a difference of opinion about whether a mortgage can be restructured and re...
Archived
We were in Chap 13 but just defaulted due to unforseen circumstances. Where do we go from here??? I am so confused!!
Mitchell's answer
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Answered on November 26, 2010
When a foreclosure is scheduled, you must act fast and ensure that you can stop it. You can send a Qualified Written Request to the mortgage...
Archived
How serious is a leaving the scene of an accident charge and what are the chances of conviction?
Mitchell's answer
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Answered on November 26, 2010
If that was the only damage, it is a misdemeanor. I would still suggest hiring counsel and try to get driving school and/or community service. You...
Archived
Can an Executor bar some heirs from fishing, hiking or hunting on a farm yet allow other heirs and non-heirs access?
Mitchell's answer
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Answered on November 26, 2010
The executor's job is preserve the estate for the heirs and follow the terms of the will. If the will leaves the property to the heirs, then the...
Archived
What happens to cash in my corporation's account if I file personal chapter 7 bankruptcy?
Mitchell's answer
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Answered on November 26, 2010
It depends. While the money is not yours, the corporation is. You should get a balance sheet to determine what the net worth is of the company....
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