Archived
Credit bureau Q. Rec'd chapter 7 discharge last yr in CA. Mortgage bank finally doing trustee sale on home. New harm to credit?
Marc's answer
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Answered on August 22, 2011
As long as you didn't reaffirm the mortgage and you surrendered the home in the bankruptcy you are no longer personally liable on the mortgage,...
Archived
Can creditors reach my lcc company assets ?
Marc's answer
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Answered on August 22, 2011
Creating a new type of entity such as an LLC to protect assets from creditors is a fraudulent transfer. Under the Uniform Fraudulent Transfer Act...
Archived
Chapter 13 bankruptcy
Marc's answer
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Answered on August 19, 2011
It means that the plan was amended or changed after the original plan was filed. As stated in the prior attorney's response it can be a minor...
Chapter 13 - Vesting
Marc's answer
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Answered on August 19, 2011
Upon confirmation of a Chapter 13 plan all property reverts back to the Debtor. However, that doesn't mean that the trustee does not take an...
Archived
Can I file bankruptcy?
Marc's answer
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Answered on August 19, 2011
You can file bankruptcy. The question however, is whether or not you lose any property in a Chapter 7 or should you file a Chapter 13. If the...
Archived
I filed for bankruptcy with my husband and listed my lawsuit as a possible asset. The asset is worth 200,000. It is the only
Marc's answer
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Answered on August 18, 2011
I assume you filed a Chapter 7 bankruptcy. A Chapter 7 is a liquidation bankruptcy where the trustee takes over your rights and property. I.E....
Archived
What recommended actions should I take to clear a credit card debt which I'm being sued for?
Marc's answer
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Answered on August 12, 2011
Based upon the low amount. You should settle it by paying the amount in a lump sum or payments to the creditor. Try to get a payment plan you...
Archived
Going to file chapter 7 bankruptcy. Cannot pay back $900,000 business loan , now were being sued.
Marc's answer
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Answered on August 12, 2011
First, any bankruptcy attorney should go through all of your options under the bankruptcy code. Most likely a Chapter 7 or a Chapter 13 are the...
Archived
If your traffic fines are 7 years old can dol hold the unpayed fines against your drivers license
Marc's answer
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Answered on August 12, 2011
Any state can suspend your drivers license for unpaid tickets. A drivers license is a privilege and not a right.
Archived
I have been served papers for defaulting on 4 personal loans from justice court. I did not go to the first one, so a default
Marc's answer
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Answered on August 12, 2011
You should speak with an experienced bankruptcy attorney. Most offer a free initial consultation. Other than settling the judgments for lump...
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