Archived
Being sued on 2nd mortgage they offered 10,500 settlement on 21,000 debt should we settle or go to court can't afford an Att.
Eric's answer
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Answered on August 18, 2011
Another thing to consider is that if you settle, you'll likely have to come up with the settlement in one lump sum or very few installments, AND...
Archived
Can a car owned tenancy in entirety be siezed in Ark. for one spouses judgment debt?
Eric's answer
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Answered on August 18, 2011
Typically, property held by tenancy by the entirety is exempt from execution but the real question is whether the debt was incurred solely by one...
Archived
Could I be taken to court for 27 dollars
Eric's answer
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Answered on August 18, 2011
Sounds like a scam to me but stranger things can happen. There are some home owners associations that are forcing foreclosure of people's homes...
Archived
My husband and I own rental property with my brother in-law and sister in-law. They declared bankrupcy.
Eric's answer
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Answered on August 17, 2011
In a Chapter 7, the Trustee can step into the shoes of the debtors and take their interest, whether it be equity or income generated from rent.
Archived
Can you file bankruptcy on a credit card judgement.
Eric's answer
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Answered on August 17, 2011
In most cases, a judgment or lawsuit related to a credit card can be discharged in bankruptcy but that is not an absolute yes, because it depends...
Archived
Should I take this to small claims?
Eric's answer
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Answered on August 17, 2011
It sounds like they are really taking advantage of you but the contract or agreement that you signed with them will spell it out. The devil is in...
Archived
Can my lawyer put his name on a check made for me?
Eric's answer
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Answered on August 17, 2011
In a Chapter 13, depending on how your plan was confirmed, the proceeds may be property of the bankruptcy estate if you did not have equity in the...
Archived
I am getting sued from this company because i have a similer name mine is Dargo roofing company, his is Dargo roofing LLC
Eric's answer
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Answered on August 16, 2011
You could potentially get into trouble since he was first in operation and first to actually incorporate under the name, but to what extent he has...
Archived
When filing chapter 7 bankruptcy, how to report stocks gains/losses and other income not from working.
Eric's answer
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Answered on August 15, 2011
The best practice is to list all sources of gross income - no matter how it was derived. Losses can be explaned if further inquiry is made -...
Archived
I have a structured settlement for future medical expenses. but need to file Ch7. Will the settlement be exempt?
Eric's answer
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Answered on August 15, 2011
Whether the asset is exempt or not depends on the "exemptions" available to you when and where you file. Also, in a Chapter 13, any "non-exempt"...
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