Archived
Should I transfer my 50% SubS Corp ownership to my wife (and co-owner) to protect the company from creditors of personal debt?
Marc's answer
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Answered on March 08, 2012
Agreed what you are talking about here with the transfer is likely a fraudulent conveyance. All states have statutes on the books regarding this. ...
Archived
Bankruptcy question in illinois
Marc's answer
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Answered on March 08, 2012
The safest route to save a home as long as a sheriff sale has not been held is to file a Chapter 13 bankruptcy and cure the arrears or what you are...
Archived
Illinois bankruptcy question?
Marc's answer
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Answered on March 08, 2012
It is possible to convert a Chapter 13 into a Chapter 7 if circumstances change during the filing. However, it depends on a number of factors...
Archived
Is fines that you owe to a court covered if you file bankrupcy?
Marc's answer
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Answered on March 08, 2012
Government fines or other government debts are generally non dischargeable. It depends on what the fines were for however, and you should speak...
Archived
If I owe a debt can owner of debt demand financial information from my spouse in order to determine how much i'm able to pay
Marc's answer
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Answered on March 07, 2012
Yes if you are attempting to settle the account outside of a judgment creditors will often ask for this. If they have a judgment it depends on...
Archived
Our first and second mortgage were discharged in bankruptcy. we did not sign reaffirmation aggreement. we are short selling
Marc's answer
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Answered on March 07, 2012
Agreed if you never signed a reaffirmation agreement in the bankruptcy you are no longer personally liable on the mortgages. The mortgage company...
Archived
Is there a way to surrender an underwater condo in bankruptcy and not be responsible for the post filing HOA assessments?
Marc's answer
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Answered on March 07, 2012
No, Homeowners Owners Association dues after the filing a bankruptcy are non-dischargeable. The only way to stop the liability for the Homeowners...
Archived
Attorney Fees for a collection account
Marc's answer
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Answered on March 05, 2012
The contract with the creditor likely controls the issue of attorney fee's or collection costs. If they sued you it would be up to the judge on...
Archived
Can a CH7 be ammended to include a student loan after discharge?
Marc's answer
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Answered on March 03, 2012
The student loan was likely listed in the bankruptcy but it is a non dischargeable debt according to the bankruptcy code. In order for you to...
Archived
How does credit affect me from fixing my wife's papers?
Marc's answer
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Answered on March 03, 2012
Your question is very unclear. Did you file bankruptcy with your wife? This question needs some clarification as to what you are asking.
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