Yes, a creditor is obligated to report to the IRS when a debt is forgiven regardless of whether the Statute of Limitations has run or not. The...

Typically the prejudgment interest calculation would start upon the filing of the lawsuit to enforce the debt. thee contract rate would be in force...

Yes, filing bankruptcy would temporarily stop the eviction. But the landlord can and will file a motion for relief from the stay which will be...

HHow much time will i get?

Not sure what you're asking about. How much time until they sue you? Probably a couple months after you stop paying for the rims. How much time...

If you have gotten your discharge and your case is closed, then, yes, you can get a withdrawal from your retirement or 401k to take care of your...

What are options when served summons from credit card lawyer - in and out of work with disease?

Based on what you describe, you may not want to file bankruptcy, but that will be the most reasonable and effective way to deal with your debt...

What is the best route to take to sue someone for an amount exceeding the small claims maximum ?

I agree, you hire a debt collection lawyer to sue him in district court. However, make sure you discuss the likelihood you'll be able to ever...

My colleagues are correct. You may have the SOL defense available to you if your debts are 11 years old and no creditor has sued you and gotten a...

In all likelihood, you do not have to do anything. I suspect your timeshare company may have filed a Ch11 reorganization bankruptcy and you will...

If you can't afford to pay the debt, then I'd recommend filing a ch7 and discharging the debt. The best way to get an accurate idea of whether ch7...