Archived
I received a collection notice for $400. for what I don't know should I send them the statute of limitations
Michael's answer
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Answered on May 29, 2014
One misconception is the statute of limitations does not technically prevent lawsuits - it's a defense you can raise if sued. A smart creditor...
Archived
What can I do? Opened a credit card when daughter was in high school now they have a civil case. HELP!!!
Michael's answer
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Answered on May 29, 2014
The usual options are settle if you have some money to offer, not worry about it if they can't collect from you, or fight it if there's a defense....
Archived
I owe criminal court cost and restitution of 35,000 dollars can I file bankruptcy on this amount?
Michael's answer
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Answered on May 29, 2014
Here's what 523(a)(7) says: you're not discharged from the debt "to the extent the debt is for a fine, penalty or forfeiture payable to and for the...
Archived
Bankruptcy
Michael's answer
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Answered on May 29, 2014
You are free to file on your own or jointly with your wife. Either way, your combined household income must be disclosed, and you can also set...
Time period to keep documents during/after Chapter 11 bankruptcy
Michael's answer
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Answered on May 28, 2014
10 years is a good rule of thumb to be totally safe, but that's based on the attorney malpractice laws. 7 years sounds right for IRS laws, but...
Archived
Credit statue in Washington state
Michael's answer
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Answered on May 28, 2014
Judgments are typically valid for 10 years and can be extended for additional time. Non judgment debts usually become uncollectible after 4 to 6...
Archived
Home in Foreclosure, landlord abandoned property.
Michael's answer
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Answered on May 28, 2014
I would try the gas co. again. Don't tell them the lease expired if you don't have to. Maybe you will have better luck. Then, maybe it's time to...
Archived
My wife and I co-signed my son's mortgage - which was ultimately foreclosed on but were NEVER notified of any of the proceedings
Michael's answer
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Answered on May 28, 2014
I don't see anything different here than yesterday's question. If it's an accurate listing on your credit report, it will stay. The thing to attack...
Can I revise the creditor's matrix after filing a Chapter 7?
Michael's answer
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Answered on May 28, 2014
You can always file additional creditors, but the court charges for the filing. You want to get them all together and file at the same time so you...
Archived
We own 2 homes 1 still has a mortgage, our income from s/s, pension,& disability pension total $51,009.can we file chapter 13 .
Michael's answer
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Answered on May 28, 2014
Nobody here can give you the advice that you seem to want. I can say generally that if your reasonably necessary expenses eat up all of your...
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