Archived
What is the best resource to use for a debt collector to locate the employer and/or assets of a debtor? The best website?
Michael's answer
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Answered on June 17, 2014
I thought Lexis/Nexis had a very thorough search function when I used it. I have no idea if they allow just a one time use fee or if you have to...
Archived
What is a contingent claim? Are they dischargeable in a chapter 7 bankruptcy?
Michael's answer
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Answered on June 17, 2014
Contingent means something else has to happen before the debt gets assessed or finalized. It's often a contract related matter that has yet to be...
Archived
My husband was a president for a corporation i worked at i filed divorce he file bankrupt now all Bonding companies and Contract
Michael's answer
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Answered on June 17, 2014
Ignoring the suits is not an option. Chances are you were served along with several other people and entities they hope to recover from. It may be...
The "continuing indicator" and "no check indicator" is flagged in the claim detail on the NDC website.
Michael's answer
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Answered on June 17, 2014
I am guessing the codes are just tracking whether the payment has been cashed by the creditor. I don't have any legal answer for you. The trustee...
Archived
Yesterday my wife and I received notification from our bank that a creditor has put a freeze on our bank accounts.
Michael's answer
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Answered on June 17, 2014
The bank received a court order and will typically need another court order to unfreeze the account. If they will accept the marriage certificate,...
Archived
What can I do if a bank forclosed on my home with a 105,000 fraud note and a hand writing expert shows we did not sign it.
Michael's answer
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Answered on June 17, 2014
I can't tell what actually happened. If you had an expert testify in court for you, it sounds like the judge still believed Wells Fargo. If so,...
Archived
If Wells Fargo forecloses on my house; can I still file bankruptcy& are wee eligible.
Michael's answer
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Answered on June 17, 2014
You can file bankruptcy to save the house up until your rights in the house are extinguished by completion of the foreclosure process. You can...
Archived
I am facing foreclosure and at the moment out of a job, there are some people living in my house who are not paying any rent.
Michael's answer
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Answered on June 17, 2014
If they have a lease, you need to follow normal landlord/tenant laws to evict. If things are less formal, you can probably bypass procedures, but...
Archived
In default on 2nd mort.4 mo.s attorney says after 6 mo. in default bank will accept est. 25% of balance settlement.true?
Michael's answer
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Answered on June 17, 2014
Like any settlement, the bank will weight its options. Some have excellent statistics on when it's best to settle and when to push for collections...
Archived
If you do not report income for the prior six months or two years to filing bankruptcy, is that considered concealing assets?
Michael's answer
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Answered on June 17, 2014
If you have concerns about whether assets were concealed, you should not discuss it on a public forum like this. Income from the 6 months leading...
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