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I just inherited $75K cash. I currently owe the IRS $12K and a hospital $22K. Question is.....If I put my $75K into a checking
Alan's answer
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Answered on June 28, 2012
That you inherited the funds is irrelevant. You have 75k and you owe 34k. Why not pay what you owe now rather than letting the interest accrue by...
Archived
Is it feasible to buy a home prior to filing for bankruptcy - claiming a homestead exemption while there is no equity.
Alan's answer
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Answered on June 28, 2012
Your question makes it clear that you do not understand the intricacies of the bankruptcy law. If there is no equity in the home, you do not need...
Archived
CH 7 Cramdown for investment property - how does it work?
Alan's answer
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Answered on June 28, 2012
Cramdown (forcing the lender to accept actual value with payments over time) is a chapter 13 process. The chapter 7 equivalent is redemption (lump...
Do medical bills go away after 7 years?
Alan's answer
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Answered on June 28, 2012
Credit reporting agencies have to stop reporting debt 7 years from the last activity. This is not related to your obligation to pay the debt. You...
Archived
How do I reopen a Chapter 7 Bankruptcy and amend schedule b to include a lawsuit?
Alan's answer
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Answered on June 28, 2012
You have to file a motion to reopen the case, the court has to grant it, and then you can amend your schedules B and C. By not listing the claim,...
Archived
Can you get a lawer to help you to flilled bankrucpity and work with you on the money?
Alan's answer
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Answered on June 27, 2012
Courts have pretty much held that if you owe your chapter 7 attorney when you file, you do not have to pay. So ethical attorneys will require you...
Archived
I passed out from exhastion at work 6 years ago and am just now receiving a bill for nearly $1000
Alan's answer
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Answered on June 27, 2012
If you are being garnished, it means that a court has issued a judgment against you, and has ordered your employer or bank to pay what you owe. ...
Archived
HOA putting claim of lien on property
Alan's answer
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Answered on June 27, 2012
In essence, you agreed to cover the costs of getting you to comply with your obligations without causing a cost to your co owners - meaning, you...
Archived
I own a home that's way underwater....I have no credit card debt but a $825 car payment...If I walk away and file Chapter 13
Alan's answer
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Answered on June 27, 2012
Good Lord, please talk to a bankruptcy attorney near you (use the attorney finder at www.nacba.org ) You are wrong and need to speak to someone...
Archived
Can I be charged for check fraud in civil court for an unpaid internet payday loan?
Alan's answer
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Answered on June 27, 2012
Prosecutors are not likely to assist these folks in collecting usurious debts. Call the prosecutor's office and see what they will do.
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