Archived
Is an inherited IRA exempt in bankruptcy based on the date of filing regardless of how the Supreme Court rules in June?
Michael's answer
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Answered on April 14, 2014
The trustee will keep the case open to see what the Supreme Court decides later this year. Because your petition will be filed during the period...
Archived
In Indiana, what happens if you cashout a 401K due to job loss w/out permission from trustee and less than a year from discharge
Michael's answer
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Answered on April 11, 2014
If you had this 401(k) before you filed for bankruptcy, and it was properly disclosed in your bankruptcy petition, then post-discharge, I know of...
Archived
In Minnesota, can you go to jail for unsuccessfully paying off a payday loan? I'm being threatened to be thrown in jail for this
Michael's answer
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Answered on April 11, 2014
The threat of a criminal prosecution is a scam, mostly. Let's be clear here, no creditor (except the government) has the ability to simply have...
Archived
Messerli & Kramer have taken out several judgements against me and I need help.
Michael's answer
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Answered on April 11, 2014
You have no option as far as disputing what is now owed - if they have a judgment(s), the amount of that judgment (plus costs, interest, etc.) is...
Archived
I agreed to give up my house in Ch. 13, but bank has not taken it. Can I sell it?
Michael's answer
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Answered on April 11, 2014
You can sell it, but only once you obtain court approval to do so. Your bankruptcy attorney will have to schedule a hearing and prove that the...
Archived
If I still owe the agency money at the time when I'm due to have the SCRAM tether removed, can they refuse to take it off?
Michael's answer
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Answered on April 03, 2014
No, they don't have to take it off, which means that you'll incur more costs the longer it stays on. You'll also be in violation of your sentence,...
Archived
I'm being scammed by a towing company.
Car was towed due to expired license. Claim they "tagged" my car (warning) but didn't.
Michael's answer
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Answered on April 03, 2014
I'm assuming that your vehicle was parked on a public street with expired tags? Or, was it towed from a private lot? Either way, the problem is...
Archived
Im a Ohio resident being sued in NY but a shady business from that state i have never done business with but they say i have...
Michael's answer
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Answered on April 03, 2014
Obviously, this is a scam. But, when you say that they're "suing" you, have you actually been served with papers from a legitimate court in NY? ...
Archived
Can I buy a new home if I did not reaffirm the mortgage I have now.
Michael's answer
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Answered on April 03, 2014
You're discovering the Catch-22 of reaffirmation agreements. On one side, it's almost never a good idea to sign a reaffirmation agreement - it...
Archived
I defaulted on three payday loans with a combined total of $1500. can a warrant be issued for my arrest?
Michael's answer
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Answered on April 03, 2014
I agree that it's a scare tactic - no creditor has the ability, on its own, to simply issue an arrest warrant.
That said, did you present...
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