S-Corporations bankruptcy personal liability

If a person has filed bankruptcy, he must list all assets, and those that are not exempt under applicable statutes do get liquidated under Chapter...

Bankruptcy only elminates your personal liability. Bankruptcy does not eliminate liens on property, unless a proceeding in banrkuptcy results ina...

Can a creditor garnish disability income

Yes. Your bank account containing money received from disability income is subject to garnishment. However, you may be able to claim an...

Is there a statute of limitations on child support?

There is generally NO statute of limitations on child support. Gifts outside of a child support order generally do not get credited to the back...

Are creditors subject to statute of limitations on collecting debt and reporting it to credit agencies

Yes! 1. Time limitations on debt collections depend on the state "statute of limitations" for that type of debt. 2. Reporting to credit...

My car was repossessed and the car was sold off do I need to pay the creditor the difference

In most states, after the vehicle is sold you will receive a statement from the finance company showing the amount received, any other charges,...

Your daughter evidently made herself liable for the debt, and is now a defendant in a lawsuit. If her boyfriend sets up payments with the Court,...

Car Repossession

Unfortunately, repossession of a car you owe $12,000 on will result in the sale of the vehicle at an auction for the auction value of the vehicle,...

Your attorney did not file Chapter 7! You did? You read a 30 page bankruptcy petition and signed it under penalty of perjury! Not only are all...

Can a medical billing service send an account to collection without prior notification to the patient of the outstanding debt

Yes, you can. A collection agency can work for a medical provider's agent. However, it is a bad business practice to fail to notify the patient...