Most ESOP plans are ERISA qualified. That is they are recognized by the IRS as tax deferred accounts. Assuming yours is, the amount in the...

Sent to collections after short sale.

The short sale caused the lien against the property to be released. Unless you received a cancellation of the note, you would still be liable for...

How do I begin to file for bankruptcy and is it expensive?

I agree with Mr. Kovacs. The National Association of Consumer Bankruptcy Attorneys is the best resource for quality referrals.

We have $55k in credit card debt. Just signed with CCCS, but wonder if we should file bankruptcy

I agree with Mr. Kovacs. As a general rule, if your credit card debt is equal to your annual income, you will never be able to escape the debt. ...

Received letter from Ch.7 lawyer asking for preferential tranfer that she is entitled to?

Payments made to repay debts to family members within the year prior to filing bankruptcy are subject to recovery by the Trustee. The theory is...

Can credit card companys place leins on your home if credit cards are not paid

First, you must always take the advice of out of state attorneys with a grain of salt. Michigan's judgment lien statute allows a creditor with a...

Foreclosure after bankruptcy

You likely can stay in your house for quite a while by paying only the first mortgage. The second would have to essentially pay off the first if...

Does filing for bankruptcy after you are already making trial loan mod. payments stop the final mod. apprvl process???

Most loan modification trial periods are for 3 months. So with 3 payments already made, you should be up for permanent status. I have seen banks...

Does filing for bankruptcy after you are already making trial loan mod. payments stop the final mod. apprvl process???

Most loan modification trial periods are for 3 months. So with 3 payments already made, you should be up for permanent status. I have seen banks...

What to do with a ch.13, 401k, and a spuse that has to quit working?

If you are required to take the 401(k), you need to take it in the form of a Rollover IRA, the first million plus of which is exempt and...