Lease payments on passenger cars are not deductible unless the lease if for a business purpose. If the car is used partially for business and...

If I file bankruptcy, will it ruin my moms credit?

Filing bankruptcy discharges the debt for you, and the lender could then go after your mother. If you keep paying off the loan though they should...

What if I don't pay off credit card debt?

The credit card companies can sue you for unpaid balances, and the wrong social security number would not help as a defense unless you claimed not...

I'm a widow facing foreclosure.I filed chap. 7 bankruptcy. I feel I should let it be dismissed.should I? how do I keep the house

I agree with the prior answer. Chapter 7 bankruptcies cannot always be dismissed, and you need to talk to a lawyer. You should also keep in mind...

Unmarried couple: one with good credit, variable income: the other with steady income, and bad credit, rough history.

Whether you are married or not, when one half of the couple has bad credit, it frequently makes sense for the other one to apply for credit alone. ...

Do you have to file business bankruptcy if you have an active judgement against your business and won't be able to pay?

I am guessing the business you are referring to is a corporation, which means you would not be personnally liable on the debt unless you guaranteed...

You can of course negotiate and settle at any time, even after you have received a summons or after the creditor has received a judgment. However,...

What does a motion for relief from automatic stay mean

A motion for a releif from automatic stay is what the creditor files, if he wants to pursue legal action against a person filing bankruptcy before...

Is there a link for those filing bankruptcy that lists all the creditors addresses?

You can obtain a free credit report from each of the three major credit reporting agencies once each year. Go to www.annualcreditreport.com. ...

In chapter 7 does the trustee have to sell your house for the market value or for what you owe on the house loan

The trustee has a duty to the creditors to attempt to get the best price for the house. If he could only sell it for the amount of the mortgage,...