Archived
Can you discharge a fine levied for violation of a certain act by office of banks and real estate banking?
Marc's answer
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Answered on September 22, 2011
Corporations who file a Chapter 7 bankruptcy do not receive a discharge so no the fine will not be wiped away by the bankruptcy. Hope this helps.
Archived
I am going to get married to a man whose house (and his ex-wife´s) is in shortsale.
Marc's answer
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Answered on September 22, 2011
You are not liable for another persons debt prior to the marriage unless you somehow assume the debts. Generally, you won't be liable for the...
Archived
When do you stop paying your mortgage and credit card bills if you are going to file bankruptcy?
Marc's answer
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Answered on September 22, 2011
That depends. On the credit cards if you are planning on filing a bankruptcy paying those you are generally just throwing away money by paying...
Archived
Will settlement affect my bankruptcy in 2009 NH
Marc's answer
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Answered on September 22, 2011
Depends, if your case is just a workers compensation case then most states allow you to exempt that from your bankruptcy state exemptions. If...
Archived
We filed chapter 7 Bankruptcy a couple of months ago in Illinois. How long do we have to stay in our home?
Marc's answer
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Answered on September 21, 2011
Generally, you will have approximately 6 months from the judgment date in Illinois once a foreclosure is filed. A foreclosure is filed...
What is considered a luxury expense that cannot be discharged in bankruptcy?
Marc's answer
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Answered on September 21, 2011
Agreed it is rather common sense. Superficial body work on a car would likely be considered a luxury and not a necessity. If credit cards are...
Archived
How do you reinstate license after judgment has been included and discharged in Bankruptcy?
Marc's answer
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Answered on September 16, 2011
You need two things in Illinois to do this. In Indiana it is likely the same. First you need a copy of your discharge papers, and second a copy...
Archived
Should I file for a Chapter 13 for the sole reason of "Stripping" my Deed of Trust which is on the 2nd lien position.
Marc's answer
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Answered on September 15, 2011
Agreed, some people file a Chapter 13 for the specific purpose of stripping a lien on a second mortgage. Some districts allow the stripping of a...
Archived
Can I stop this forclosure or get more time ?
Marc's answer
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Answered on September 15, 2011
I agree with the above attorney. You should consider a Chapter 13 to repay the arrears on the note and mortgage. Now that you have foreclosure...
Archived
I have at least $20,000 in credit card debt, and am considering bankruptcy. I do not have assets (e.g. a home) should I file?
Marc's answer
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Answered on September 13, 2011
Sound like bankruptcy is a viable option based upon your income and lack of assets. You have a significant amount of debt which further based...
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