Archived
If a potential resident has a no judgement eviction from 2007, will this appear on his current credit report?
Michael's answer
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Answered on July 15, 2014
Most bad marks on a credit report are supposed to come off after 7 years so you are right on that deadline. Many landlords don't report anyway so...
Archived
My lawyer and I agreed on a settlement over the phone. Then calls back sorry I forgot to pay other client & recinds deal.
Michael's answer
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Answered on July 15, 2014
The question is whether an oral contract was formed and whether it's enforceable. If you took some sort of act based on the agreement, or exchanged...
Archived
Is there a statue of limitation on medical debt? Its not on my credit, 9 yr old, never knew about it. I was never contacted.
Michael's answer
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Answered on July 15, 2014
The statute of limitations is a defense you can present if sued, but they could still sue you to see what they can get out of you. Some debt buyers...
Archived
Can my wages and bank accounts be garnished from a superior court judgment from 6 years ago?
Michael's answer
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Answered on July 15, 2014
You're wise to wonder how legitimate this is. The owner of the judgment can garnish but I recommend taking the time to see if Credit International...
Archived
When is filing ch-7 bankruptcy a better option than a short sale ?
Michael's answer
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Answered on July 02, 2014
Short sale can mean you don't owe the money to the mortgage company or owe anything to the IRS (it's negotiable). It looks a little better than a...
Archived
If my home is paid for, but not enough income to apply for home equity loan, can I file Chapter 7 and keep my home?
Michael's answer
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Answered on July 02, 2014
If your house is paid off, then the equity is like money in the bank. You may have to do a Ch.13 to pay an equivalent amount to your creditors, but...
Archived
Can arrears from a default judgment be reversed? Can I also get my driving privileges back?
Michael's answer
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Answered on July 02, 2014
Child support arrears are tough to fight, but it sounds like you are doing so promptly. The problem is she showed the court how she tried to serve...
Bounced Paycheck from former employer who has now filed Chapter 11
Michael's answer
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Answered on July 02, 2014
You have a claim for up to about $5,000 for unpaid wages, and another $5,000 or so for unpaid benefits if any. Attorneys representing the company...
Archived
Can we recover a draw to an employee even if they filed bankruptcy?
Michael's answer
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Answered on July 02, 2014
Bankruptcy is meant to put a stop to collections for any creditor (you) that has knowledge that a case was filed. Your duty is then to investigate...
Selected as the best answer
Archived
Can I request a validation of debt even after judgement has been granted by the courts?
Michael's answer
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Answered on July 02, 2014
Even though it's supposed to come off the credit report after 7 years (2012), they are not stopped from collecting on a judgment. Theoretically, he...
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