Archived
Can a credit card company send a 1099 for a debt already discharged in bankruptcy filed by ex-spouse?
Derek's answer
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Answered on February 09, 2014
I agree they can do this if you were a joint account holder in the account. The fact the debt was discharged as to one of the joint debtors on an...
Archived
I've filed personal bankruptcy in September and closed my business in January. Am I liable for the business debt still?
Derek's answer
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Answered on February 07, 2014
Your personal liability for the SBA loan would have been discharged with your other debt even though the closing of your business did not occur...
Archived
If a Bankruptcy Chap 7 court, says they abandon all interests in a property, does that mean we have that property back?
Derek's answer
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Answered on February 07, 2014
My colleagues are correct, but I think you are asking if the Trustee abandons a property does that mean you do not have to pay any HOA dues (if...
How do you file a 1099A after filing Chapter 7 Bankruptcy?
Derek's answer
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Answered on February 07, 2014
Block is staffed by folks who are not really trained by anybody except Block and they have other jobs most of the year, so they are really not tax...
Archived
Mortage Payment in Confirmed Chapter 13
Derek's answer
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Answered on February 07, 2014
The lender is supposed to file a "Notice of Payment Change" with the bankruptcy court at least 30 days prior to the effective date of the change....
Archived
The judge igas cramed the loan from $650 k to 306 k in chapter 13 on my commercial loan and
Derek's answer
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Answered on February 06, 2014
You asked the same question yesterday. The laws have not changed since yesterday and the folks who post answers to questions are usually the same....
Archived
After filing bankruptcy chapter 7, Is there addition paperwork/motions that needs to be filed to get rid of judgments?
Derek's answer
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Answered on February 06, 2014
In order to avoid a judicial lien on real property that you own, yes, you will need to file a motion to avoid each judicial lien. You will be able...
Archived
Can a junk debt buyer place my account in collections though I have made timely payments? Can they call me daily ?
Derek's answer
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Answered on February 06, 2014
No you do not have to put up with this treatment. No you do not have to comply with their demand you set up a plan that allows them to...
Archived
Can credit debt be collected from annuity beneficiary?
Derek's answer
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Answered on February 05, 2014
The answer is MAYBE. We don't have enough information to answer your question. Among many factors is whether you were a named beneficiary of your...
Archived
I know usuly in chapter 7 the judge leave the debeter keep his house for the family so they don't go on the street , so how
Derek's answer
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Answered on February 05, 2014
Short answer: NO. The fact that the business supports 1 person or 25 people is only tangentially relevant to the issues. You can only exempt what...
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