Received 1099 Cancellation of Debt - currently in Chapter 13 under a payment plan for almost a year next month

Is the debt one that is included in the Chapter 13? If so, it should fall under the bankruptcy exclusion to the cancellation of debt being taxable...

There are a lot of facts at play here and some missing pieces I'm sure. Generally speaking, a creditor cannot come after your spouse for debt...

Important facts to know are what type of debt is the $5000? If it is non-interest bearing debt like medical bills, you might think twice before...

I agree with the oral vs. written statute of limitations. Also, you should know that just because it dropped off your credit report before, that...

Will I get a 1099 after I do a short sale on my house? I have a discharged bankruptcy and the house was NOT reaffirmed.

I agree that you do not have any personal liability for the house once it is discharged in bankruptcy. There should be language in the short sale...

HELOC on 84yr old grandfather's home is unmanageable! any advice? ch.13?

The interest only payment is probably as low a payment as you can get, but if you could refinance the loan (perhaps if it was in a family member's...

Is it completely necessary for me to file the most recent year's tax returns before attempting to file for Chapter 7 bankrupcy?

The one thing you need to understand is that the tax debt you have may not be dischargeable. It depends on when the tax return was due, when it...

Will I get a warrant if I do not show up for court in a default judgement hearing for a debt collection?

There is no criminal penalty (as the previous answer stated), however if a judgment is entered, the plaintiff creditor may file a motion for aid in...

Can charges be filed on a spouse for opening credit cards

You may contact the credit card companies and submit fraud affidavits. It is likely you will be required to file a police report which may lead to...

Can taking cash advances from credit card be considered fraud

Whether cash advances may be considered fraudulent will be determined on a case by case basis. If the advances were made shorlty before the...