Archived
Do you have to list all debt and have to give up all credit cards.
do you have to meet with creditors, if I have a disbility
Ira's answer
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Answered on February 04, 2016
You need to list all your assets and liabilities when filing. You are required to appear at a creditors meeting, but in most cases that are not...
Archived
I am curious as to if your condo is in a single member LLC with you as the single member and you file for chapter 7 bankruptcy,
Ira's answer
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Answered on February 04, 2016
I agree with Mr. Campbell. Your property in a single member LLC will be property of the estate. I also believe it is best to consult a bankruptcy...
Will a house in a single member LLC be eligible for homestead exemption?
Ira's answer
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Answered on February 04, 2016
It would be best to consult a bankruptcy attorney in your area who is familiar with your state's exemptions. In Illinois for instance the exemption...
Archived
What should I do since I was served the same day I was to appear in court? Papers were on my door when I arrived from work.
Ira's answer
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Answered on February 03, 2016
You need to consult an attorney in your area for assistance--preferably one who defends debt collection and also is a bankruptcy attorney(or an...
If his debt is not paid off can the collection company come after me for the money?
Ira's answer
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Answered on February 03, 2016
Sorry for your loss. Unless you guaranteed the debt(you would have had to agree to be a co-obligor) than you should not be liable for it. Advise...
Archived
What does she need to consider while deciding whether or not to file. She has no assets.
Ira's answer
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Answered on February 03, 2016
I agree with attorney Hutchinson. It also might be worthwhile to see if the credit card debt can be compromised. Prior to filing other things need...
Archived
How does a business go about filing a mechanic's lien on a car a customer is refusing to pay for or pick up?
Ira's answer
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Answered on February 03, 2016
I concur with the attorneys who have answered this question. The relevant statute references a labor and storage lien. See 770 ILCS 45/ Labor and...
Archived
Which company can I collect from?
Ira's answer
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Answered on February 03, 2016
You should consult competent collection counsel. They will most likely serve a citation to discover assets or the like on company B seeking them to...
Archived
What can I do to surrender vehicle it's been 9 months out of discharge from bankruptcy and repossession people won't get car
Ira's answer
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Answered on February 02, 2016
I hate to answer a question with a question, but I take it that you did not enter into a reaffirmation agreement and that you indicated in your...
Archived
Do I have to wait to until after my bankruptcy is filed/discharged to start my business? If so, how long?
Ira's answer
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Answered on February 02, 2016
You will be best served by consulting a bankruptcy attorney asap. If you start a business pre-petition and it is a corporation, the stock will be...
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