Does a corporation have to file for bankruptcy instead of closing if it doesn't have enough money to pay its creditors?
Mario's answer
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Answered on April 01, 2021
No, it does not. Moreover, it should not file bankruptcy except in the rarest of cases. You open up all officers, managers, etc. to being sued by...
Archived
Am I on the hook on a mortgage that was discharged in someone else's Chapter 7 Bankruptcy
Mario's answer
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Answered on April 01, 2021
If you actually assumed the loan in writing, and the lender accepted the assumption, then you are on the hook. The bankruptcy only benefited your...
Archived
A foreclosure judgement was entered against me on property I owned and entered after a bankruptcy so how can it be vacated?
Mario's answer
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Answered on April 01, 2021
The bankruptcy discharges your personal liability for the loan. So the lender can never sue you for the loan. However, the lender retains its...
Bank accounts with joint tenancy with rights of survivorship and creditors
Mario's answer
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Answered on April 01, 2021
I believe the creditor can levy on the joint account. As for the 2nd question, I don't believe the location of the bank or its computer system...
Can I sue dominos for pain and suffering ?
Mario's answer
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Answered on March 31, 2021
I am sorry to hear about your predicament. I sent you to the litigation category, but I am doubtful you can sue successfully for pain and...
Archived
I want to pay my discharged debt, What is the process?
Mario's answer
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Answered on March 31, 2021
I admire you for doing this. It is a indication of high personal character. You can't pay one slump sum, you will have to pay each one...
Does the lender profit from selling the house as an REO?
Mario's answer
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Answered on March 31, 2021
My suspicion is that the lender can keep the funds, whereas they would have to deliver a refund if they received bid in excess of the amount owed...
When is a judgment satisfied after a bank levy?
Mario's answer
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Answered on March 31, 2021
It sounds like you are the creditor. Contact an attorney in your area who does garnishments and see if you can get a consultation. The answer to...
Archived
Should I file for bankruptcy if there’s a judgement against me for property damage while driving someones uninsured vehicle?
Mario's answer
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Answered on March 30, 2021
Definite look into a bankruptcy. In most states, filing Chapter 7 will discharge the debt and get your license back. Be sure to get a good...
Student loan discharge disability question
Mario's answer
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Answered on March 30, 2021
Go onto the student loan lender's website and get a good understanding of the qualifications loan forgiveness. Then make sure to follow the...
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