Archived
I filed bankruptcy, they are now going after my ex wife for the debt. Am
I legally responsible since it was split 50/50?
Derek's answer
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Answered on September 15, 2014
Your agreement to split your debt is between you tow and does not affect the rights of your third party creditors. Even if you took responsibility...
Archived
How many years will my credit score be damaged after filing chapter 7 the second time?
Last filed 2001, credit score is 700.
Derek's answer
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Answered on September 15, 2014
How long your credit score will be significantly impacted by a bankruptcy filing depends on what steps you take after filing to rebuild your...
Archived
What happens if I file chapter 7 the second time?
I last files in 2001.
Derek's answer
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Answered on September 14, 2014
Since one is allowed to file again and get another discharge, as long as 8 years have passed since the previous filing, I expect if you file again...
Archived
Should the items included in chapter 7 bankruptcy be updated or reported yearly?
How should I resolve the issues below?
Derek's answer
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Answered on September 14, 2014
Your creditor and the credit bureaus are obligated to only report accurate information. But it is not uncommon for out of date info to linger on...
Archived
When a case is listed as "filed only" does it indicate to lenders it is an ongoing case?
Derek's answer
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Answered on September 14, 2014
This notation is apparently used in your county or state and is not used where I practice, it may be worth paying someone in your area for a...
Archived
If i file for chapter 7 will my structured settlement be effected
Derek's answer
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Answered on September 14, 2014
Your settlement is an asset and as my colleagues have indicated there is a market for structured settlements. Whether the settlement is exempt...
Archived
Can I cash out my 401k for living expenses during bankruptcy in Massachusetts?
Derek's answer
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Answered on September 14, 2014
I agree that your case should take between 90 and 120 days to administer. I suspect that there is a difference in the way that various districts...
Archived
How to protect my husband's assets in Bankruptcy?
Derek's answer
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Answered on September 14, 2014
If you file bankruptcy, then his sole assets, especially those he had prior to your marriage, will be safe from the claims of your creditors and...
Archived
What is the meaning of "Only in the ordinary course"?
Derek's answer
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Answered on September 13, 2014
I agree with Mr. Markus that we cannot know for certain what the debtor intended, but when I use similar language in answering those questions what...
Selected as the best answer
Archived
What is the average upfront cash a attorney asks for to take care of chapter 13
Derek's answer
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Answered on September 13, 2014
I agree that the amount of the upfront fee is less important than the knowledge and integrity of the attorney you are hiring. That being said,...
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