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I have a sole propreitorship for a taxi cab business. Will I be able to operate the business when I file a Chapter 7?
William's answer
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Answered on January 11, 2013
The minute you file a bankruptcy, all of your assets technically become the property of the United States Trustee. After your meeting of creditors...
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Archived
My house is under-water. The house is solely in my name. Does my wife have to file a joint BK with me to discharge the debt?
William's answer
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Answered on January 11, 2013
No. if only your name is on the deed and the mortgage, you can file separately and discharged the debt and surrender the house back to the lender....
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US Bank supervisor says they would fire me if I filed chapter 7 bankruptcy and listed them. Is that true? legal?
William's answer
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Answered on January 11, 2013
No, that would not be legal. BK Code Sect. 525(b) specifically states "No private employer may terminate the employment of, or discriminate with...
Archived
My wife own the house. she is on the notes . she is planning on bk. will the bank sue me for a heloc loan that is secured
William's answer
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Answered on January 11, 2013
To answer your specific question, "no", you will not be sued by the heloc company solely because your wife files bankruptcy. California is a...
Archived
I took a student loan from Sally Mae 10 years ago $40000 I been paying till recently. I still own them 24000. Lost my job.
William's answer
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Answered on January 10, 2013
I agree, student loans, especially those that are Government-backed are nearly impossible to discharge since the hardship requirements are so...
Archived
I took a student loan from Sally Mae, I was making my payments till recently, lost my job. Can I get rid of with bankruptcy?
William's answer
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Answered on January 10, 2013
See also the following link, which is to a Government website that has a lot of useful information concerning repayment options for various...
Can I discharge my speeding tickets and my parking ticket in Chapter 7 bankruptcy? If not in CH 13?
William's answer
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Answered on January 10, 2013
Short answer - "NO". Please see the following link to a very similar question recently answered on Avvo that will give you more detailed...
Archived
In a Adversary Proceeding in the state of California bankruptcy Chapter 7
William's answer
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Answered on January 10, 2013
I agree with the previous responses. The Trustee has broad powers to obtain the return of the funds/assets of the Debtor (actually the Debtor's...
My friend is unable to collect a $5,000+ credit card debt from his stepson who refuses to answer his phone calls.
William's answer
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Answered on January 10, 2013
Not sure why you have posted this question under the practice area of Bankruptcy, but nevertheless your question is not very clear. If you are...
Archived
Am I responsible for my husband's company credit cards upon his death?
William's answer
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Answered on January 10, 2013
No. Given the facts you state, you would not have any personal liability for the business credit card debt. Even though California is a community...
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