Can a creditor sue you for a debt that has been "charged off"?
In accounting terms, the "charge off" simply means the status of the debt has been uncollected and is eligible to be sold to a debt buyer or...
Indianapolis, IN
Bankruptcy and debt Lawyer at Indianapolis, IN
Practice Areas: Bankruptcy & Debt, Chapter 13 Bankruptcy ... +3 more
In accounting terms, the "charge off" simply means the status of the debt has been uncollected and is eligible to be sold to a debt buyer or...
Interesting question involving an unsettled area of bankruptcy practice. The bankruptcy schedules should typically only include that income...
1. Yes, after the discharge, you can conduct a short-sale. 2. Probably not - no real benefit to you since your personal liability has already...
The bankruptcy code requires that the income of a spouse be included only when the couple is married; that said, I am aware that there is caselaw...
Simply being a previous client doesn't automatically mean that the lawyer is prohibited from representing your ex-wife. It really depends on what...
The debt as to the mortgagor is discharged but the mortgagee can still proceed in an in rem action.
Even if your equity is zero, you always want to take the applicable exemption on Schedule C and list the amount as zero, if applicable. Why? When...
It's generally true that a court order is needed, but not in all cases. Minnesota, like many states, recognizes setoff and recoupment, which are...
While I don't practice law in Nevada, Nevada Revised Statute Annotated 21.090(z) provides for the wildcard exemption and I do not see any...
From state to state, this tends to be a tricky area, as some states and courts differentiate between compensation "owing" or "due" and that which...