Archived
Took out a $7,500 loan two months ago from my credit union to try and consolidate my debt. Wait to file Chapter 7?
Peter's answer
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Answered on June 11, 2015
In my experience, it's not just the time frames you've read about; those are periods where it's "presumed" to be abuse, or running up debt. You...
Archived
Should I file Chapter 7 or chapter 13 bankruptcy?
Peter's answer
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Answered on June 10, 2015
From what you've said, it seems that chapter 7 would be far better. Quicker, cheaper, no repayment plan over what would probably be a 3 year...
Archived
My husband and I can pay our bills now barely and I have to retire because of my health issues.
Peter's answer
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Answered on June 08, 2015
I'm very sorry. As a child, my mother was unable to work due to heart problems and the pressure and disappointment she felt led to devastating...
Archived
Wanted to know if you file for bankrupcy do you have to file on everything?
Peter's answer
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Answered on April 24, 2015
It depends whether there's any equity in the truck. If you owe on it, approximately the same amount or more as what it's worth, it has no equity...
Archived
My husband added me to his bank account when we got married. But the bank set it up with rights of survivorship vs. entireties.
Peter's answer
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Answered on April 22, 2015
It doesn't have to say "tenants by the entireties," but the account in both names would have had to have been set up in both names at the same...
Archived
Can a collection agency come after me for my fiancé debt when we get married?
Peter's answer
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Answered on April 22, 2015
Agreeing with others, the key is that it's a matter of contract law. You did not sign the contract for the debt. A spouse does not automatically...
Archived
Is a time share covered by a wild card exemption in bankruptcy in Florida?
Peter's answer
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Answered on April 22, 2015
I would again point out that the "wildcard exemption" (FS 222.25(4)) applies ONLY to personal property, not an interest in real estate or real...
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