Archived
In PA, are spouse’s assets at risk if other spouse is sued over credit card debt?
Ellen's answer
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Answered on July 12, 2011
Assuming PA is NOT a community property state, assets held as husband and wife or by the wife only cannot be attacked or attached by creditors of...
Archived
My creditor filed a loss with the IRS as well as a Judgement against me as well it remains on my credit report.
Ellen's answer
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Answered on July 12, 2011
Credit left unpaid can be treated as 'phantom' income by the IRS if the creditor files a 1099 for the amount unpaid. We usually see this when a...
Archived
Can a bankruptcy court take the home I own jointly from an inheritance if the other owner files bankruptcy?
Ellen's answer
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Answered on July 12, 2011
Depending on your documentation, you may be able to prove that you have paid all but $8,000 of 1/2 interest in the property. Is there some kind of...
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Archived
I am current on $60K mort. with little equity; in BK could condo be taken for $8K debt?
Ellen's answer
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Answered on July 10, 2011
Valulation is peculiarly a creature of state law on this issue. In VA, we look at the real estate tax assessment. Or we ask a realtor for a...
Archived
I applied for a job at which time I didn't have any obligations permitting me from missing training. We were in the process of
Ellen's answer
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Answered on July 10, 2011
Accept the job. Attend the 341 meeting.
Archived
If my debt is over $300,000 and my creditors sue me, is there any chance of the case going to criminal court in Florida???
Ellen's answer
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Answered on July 10, 2011
We abolished debtor prisons in the 19th century. Failing to pay financial obligations is not a crime.
Archived
Can a payday loan company sue me if the debt was discaharged by a bankruptcy ct in ny?
Ellen's answer
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Answered on July 10, 2011
Contact your bankruptcy lawyer right away!
Archived
I received a judgement against an individual 4/19/2011 what is my best recourse to collect the debt-
Ellen's answer
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Answered on July 10, 2011
Interest is usually awarded in the judgment; you may want to READ the court paper that granted judgment. Depending on the state, judgments are...
Archived
Allowing a Company to become part owner of your property; then they file for bankruptcy in order to avoid foreclosure?
Ellen's answer
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Answered on July 10, 2011
If something sounds too good to be true, it is. :)
Archived
What do I do now, I had a small trucking company about 1,000,000.00 gross per year, The customer,s I pulled for either went
Ellen's answer
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Answered on July 10, 2011
I recommend you talk to a bankruptcy lawyer right away, before the good life has been with you too long. Chapter 7 may be a very good option.
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