Received a Form1099-C Cancellation of Debt for $3300 from a credit card debt. My partner declares me as a dependent on Fed taxes

A form 982 calculation may reduce the tax liability that you have to declare your 1040 because of the 1099-c form.

What is the statute of limitations on collection of debt from credit cards and unsecured personal lines of credit?

In my book you can find much more detail on the statute of limitations than anybody can put into a reply box here. For a limited time, I'm making...

Ex-husband's debt to our daughter's orthodontist

Your liability for your daughter's orthodontic treatment hinges on the "doctrine of necessities" a/k/a the "doctrine of necessaries." Food,...

What will happen if I stop making payments on credit card debt

The worst-case scenario is the creditor sues, wins a judgment, puts you through post-judgment discovery and either discovers some asset of yours...

Can debt collection contact my brother and disclose the amount of money I owe?

If it is personal debt not business debt and if your brother is not a co-signer and if the mail was directed to your brother and not you, then the...

What rights does a business owner have with a debt collector for credit card debt?

There is a single roundly-criticized case out of Mississippi that suggests business debt MIGHT be subject to FDCPA protections in certain...

I just received a sumons for a debt I owe, but I am unemployed and have no income to pay the debt. What shoud I do?

Washington has a form of "(hip) pocket service" so even if you don't have a court case number on the complaint you still must answer. If the...

The debt settlement firm is not a lawyer and cannot appear for you in court. They may be able to direct you to an ethical lawyer who will defend...

If a renter finds out a landlord is going into foreclosure, does the renter have to honor the remaining months on the lease?

The mortgage company has the right to have a receiver appointed to collect rents. Unless and until that happens (and you need to be on top of the...

What is the average cost to file for ch 7 bankruptcy?

I've seen $2,000 to $3,500 quoted as total costs recently (counseling, filing fee, attorney's fee, etc.) "Informal Bankruptcy" may be a valid...