Archived
I paid cash for my home yrs ago but had a home equity loan which was dissolved when i filed chapter 7 recently Do I still have
Kevin's answer
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Answered on June 02, 2013
"Dissolved" is not really a term of art applicable here. You were likely "discharged" of the personal obligation to pay the note. However, the...
Archived
CAN A CREDIT CARD COLLECT A BILL FROM 10 YEARS AGO?
Kevin's answer
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Answered on May 31, 2013
As usual, the answer is,"It depends." From what State did the card issue? When were the last payments made? Did they send a letterconfirming the...
Archived
What is the statue of limitations time on a credit card from 2007?
Kevin's answer
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Answered on May 31, 2013
The specirics of the statute of limitations in TN is not within my ability to answer because I am not admitted to practice there. Generally,...
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Archived
I forgot to add a creditor to my Chapter 7 Bankruptcy case in Florida, do I still need to add them? Will my attorney charge me?
Kevin's answer
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Answered on May 31, 2013
While you may be technically correct, as a practical matter you want all of your creditors listed on your discharge so that your credit report will...
Archived
If i file a chapter 7 can i still keep my car even if i am a year behind in payments?
Kevin's answer
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Answered on May 30, 2013
Most lendersrequire that you reaffirm the debt, meaning that your bankruptcy case will not forgive the debt on the car. If you have owned it long...
Archived
Am I more protected with an LLC or an "S" Corp?
Kevin's answer
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Answered on May 30, 2013
There is considerably more unsaid in your question than said. You must be careful not to use the S Corp as your hidden piggy bank because that...
Am I eligible to try again Bankruptcy after Revocation of Discharge?
Kevin's answer
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Answered on May 30, 2013
Wow, this is tough. I don't understand why your discharge was revoked if you did not know of the inaccuracies. That aside, the Code provides that...
Archived
A few years ago, I had someone do title deed fraud to me. They stole 4 properties. What can i do?
Kevin's answer
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Answered on May 30, 2013
If there is incorrect information on your credit report you should challenge the report online. If the credit reporting agencies fail or refuse to...
Archived
My homestead was not included in my 13. The bank filed for relief from automatic stay. My equity is more than my debt.
Kevin's answer
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Answered on May 29, 2013
As Ms. Bunce stated, you can argue that the bank is adequately protected by the equity cushion, but if you are not making your payments, or if you...
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I do not understand what a moot order on motion for relief from stay means? Can you explain.
This was a chapter 7 bankruptcy.
Kevin's answer
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Answered on May 28, 2013
The automatic stay is imposed immediately upon commencement of the case. The automatic stay terminates automatically as to property which is not...
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