WHICH IS BETTER -- TO DECLARE CHAPTER 7 BANKRUPTCY OR TO LET MY DEBTS EXPIRE WITH THE NEVADA SIX-YEAR DEBT COLLECTION STATUTE?

The 5 year old debt will fall off your credit report in 2 years, as long as you are not sued in the meantime. If you anticipate additional debt,...

Can I sell an asset to help pay for my bankruptcy fees, and would that "income" be problematic in getting a discharge?

If you sell something for less than its fair market value, the trustee assigned to your case can reverse the sale, recover the asset and sell it...

If the mortgage creditor is granted relief from automatic stay can they get money from me now or just foreclose on the house?

The motion for relief is only asking for the ability to take the property. Your debt, and any costs associated with it will be discharged. These...

May I keep a secured credit card (with $1000 secured) if I declare chapter 7 in NV and count that toward my "wild card" asset?

You can keep the untouchable savings account if you can exempt it. The credit union can cancel the line of credit at any time. If bankruptcy...

I am a beneficiary in my uncles will but I have filed bankruptcy under chapter 7 and it has already been discharged.

Just to add a bit to Ms. Sinclair's excellent answer - creditors must file a proof of claim to be paid. Since the taxes are likely priority debts,...

Can my ex bankruptcy attorney alert my creditors if i back out of bankruptcy BEFORE filing the petition?

Even if a client withdraws from attorney representation, we still have a duty to our former client. If a creditor contacts me after I have been...

If the employer fails to respond to the garnishment order, it usually would become liable to the creditor for the amount due on the judgment.

I am taking a property settlement in my divorce and it is in monthly payments, can my soon to be ex-husband file bankruptcy?

If he files a chapter 13, he can discharge the property settlement debt.

Michigan allows the federal exemptions which to allow you to exempt the comp claim - as long as it is listed and exempted in our schedules, so you...

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Need to understand process for objection to garnishment and whether it is worthwhile or time for bankruptcy.

Unfortunately, creditors could care less about your circumstances. They are only interested in getting your money. You should consult with a...