Credit card debt at a debt collection law firm, they called me today.

Ordinarily, a creditor can not execute on a judgment upon property that is owned by someone other than the debtor. In my state, the threat would...

Is there a time frame for creditors to release exempt funds?

In America there is the adversary system of "justice". I am not licensed to practice law in WA but my commentary may have validity in state. It...

I have a small judgement. can i recover the cost of collection if i use an attorney

Generally speaking, the entitlement of a party to have an award of attorney's fees depends upon the underlying basis of the claim. If there was a...

How do i remove bed credit after the statue of limitation has passed?

Let us first clarify that you are not really speaking of a statute of limitations, which is a word of legal art--it means the time within which a...

Can you file Ch 7 bankruptcy without also filing for an S corp that you own, when most of S corp debts are guaranteed by you?

And, here is another thought: why have the corporation file for bankruptcy, at all? There are times when the corporation filing will assist the...

What you are proposing would be considered a fraudulent conveyance and the creditor could have the transfer set aside and the money in the account...

How can i obtain an reafirmation letter from my bnkruptcy discharge, if my attorney has retired, and does not have a firm to go?

It may be too late--a reaffirmation of a debt must be executed while the bankruptcy is pending, and then with the permission of the judge. I would...

Chapter 7 discharge of heloc/2nd mortgage? Please read the following statement. We are confused, do we repay.

My colleague is mistaken. Unless you signed a reaffirmation agreement while you were in bankruptcy, ALL the debts you listed in your schedules were...

Business bankrupcy chapter 7 asset disposal question?

I agree with my colleague--your question is lacking for more facts. Having said that, let me read between the lines and speculate, something a...

Worried about taxes after bankruptcy discharge...

When you file your tax return for 2010, include IRS form 982. The cancellation of a debt in bankruptcy is not a taxable event.