Archived
Are lawyers who practice in many areas of law not specialists? Therefore, why would you want their representation?
Steven's answer
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Answered on January 18, 2012
Generally, law, like medicine, has specialist (although in Illinois, where I practice, lawyers cannot claim to be "specialist") and general...
Archived
Can life go on? Discharge without Closed?
Steven's answer
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Answered on January 18, 2012
There are assets being administered in this case, that is why it is not closed. Administration of assets does not interfere with your discharge. ...
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Archived
Do I have to file bankruptcy after foreclosing on my house?
Steven's answer
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Answered on January 18, 2012
First, generally, retirement accounts are protected. Second, a chapter 7 discharge would protect you from any deficiency.
Your future financial...
Archived
Do I have to claim my husband on my taxes if he did't work this year or can I only claim myself and my children?
Steven's answer
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Answered on January 18, 2012
Attorney Larson's through analysis is excellent. I agree completely.
I hope this helps.
Respectfully,
Steven A. Leahy
www.chicagotaxteam.com
Archived
I filed chapter 13 and I am in a payment plan, I need to withdraw money from my 401k to by a car, cuz the car I have I can't gas
Steven's answer
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Answered on January 18, 2012
What kind of motion are you contemplating - will the 401K money pay for the car in full, or just a portion with the balance in the form of a loan? ...
Archived
How will 1 person filing Chapter 7 bankruptcy impact the co-owner of a house?
Steven's answer
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Answered on January 18, 2012
Unless the Chapter 7 Debtor signs a reaffirmation agreement, the debt will be discharged as to the Debtor. So, the co-owner will then be solely...
Archived
What the repercutions of walking away from your mortgage and returning the home to the bank????
Steven's answer
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Answered on January 18, 2012
Generally, mortgages in California are non-recourse loans, meaning the bank cannot come after you for any deficiency resulting from the sale of the...
Archived
Am i allowed to claim my kid even thou my kid dont live with me? I support her by sending money
Steven's answer
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Answered on January 18, 2012
The answer is no. The custodial parent is entitled the tax benefits of the child. Generally, only the parent who has physical custody of a child...
Archived
I was wondering if I will have notice on having to vatcate the house because it was either sold at forclosure or just forclosed!
Steven's answer
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Answered on January 18, 2012
I have seen this question. The mortgage company generally has the right to secure the property if abandoned. This property is not abandoned - That...
Are there advantages to going LLC rather than staying 1099? (Tax-wise and overall legal-wise)
Steven's answer
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Answered on January 18, 2012
I agree with Attorney Larson. The election of business entity type may be a critical decision with long lasting consequences. So, seek an...
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