Archived
Am I responsible for my deceased husband's federal & state taxes he owes from his small business , which I had no part of?
Adam's answer
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Answered on February 20, 2013
In my experience, a spouse is responsible for the debts of his/her spouse only where a joint tax return (married filing jointly) is filed. When a...
Archived
How do joint checking accounts affect bankruptcy?
Adam's answer
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Answered on February 20, 2013
It looks like Florida allows a $4K wildcard exemption (so long as it is not used to protect equity in your home). (link attached).
So, if your...
Archived
I am in GA, I have a brokerage account with money in it to day trade as a living. Can these be exempt from seizure in Chapter 7?
Adam's answer
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Answered on February 20, 2013
That is an interesting argument. Perhaps if you could show that you cannot withdraw the funds without a substantial penalty, or that the account...
Archived
Is it possible that my income tax check will be garnished due to a defaulted PRIVATE loan from Sallie Mae?
Adam's answer
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Answered on February 20, 2013
If your current financial situation warrants it, you might want to consider filing a chapter 13 bankruptcy. That could prevent your income tax...
Archived
After my divorce is final my husband plans to file bankruptcy for his debts
Adam's answer
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Answered on August 02, 2011
It depends. Was your name on any of the accounts? If you were listed as a co-debtor (the bill comes with both of your names on it) then you can be...
Archived
Can a creditor that has sold your debt to a agency go after a business account that is in your name?
Adam's answer
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Answered on August 02, 2011
This is a complicated answer that greatly depends on how your company is structured. If you are a sole proprietor then your business account is...
Archived
Car bank won't let me surrender?
Adam's answer
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Answered on August 02, 2011
Not your problem. If you are prepared to file Chapter 7 then this car should not concern you at all. If the bank repo's it, fine. If they don't...
Archived
How long after a repossession of a mobile home before your wages are garnished?
Adam's answer
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Answered on August 02, 2011
If your question is about the timing of filing your bankruptcy, and you want to make sure you've filed before a garnishment is initiated, I...
Archived
I filed a lawsuit against a company that filed bankruptcy so now they want me to settle for something that's not even worth my
Adam's answer
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Answered on August 02, 2011
I agree with the previous response and I'll add that if they're willing to settle with you, even if it is for less than you expected, you should...
Archived
Can i garnish wages on someone who has child support already taken out of their check?
Adam's answer
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Answered on August 02, 2011
A person may be garnished by multiple persons, but there is a limit on how much of their income can be committed to paying debts. Georgia allows...
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