Archived
When filling out the tax form for insolvency, do I include the student loan debt that I am being taxed on?
Michael's answer
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Answered on March 24, 2014
First of all, I am not an accountant. My impression however is that you do not show the student loan debt as part of your insolvency picture if...
Archived
Default judgment entered 2008 attorney seized bank acs unsatisfied. col/agt contact again, judgment proof do nothing, is it ok ?
Michael's answer
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Answered on March 24, 2014
Regarding bankruptcy, you might be surprised at the terms offered by lawyers or legal aid organizations. You may not need to file bankruptcy, but...
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Can anyone explain to me how can the Bankruptcy court get away with not paying any of my creditors after I paid about $160,000
Michael's answer
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Answered on March 24, 2014
Trustee's are required to file full reports at the conclusion of each case. Sounds like you had more than one case and will need more information...
Archived
How far in advance can a creditor initiate a judgment renewal?
Michael's answer
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Answered on March 24, 2014
Creditors can often try to revive a judgment after the deadline passes, but sure, once the lien expires, you can apply to have it removed. I'm not...
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NCO Financial systems has been garnishing my taxes for the past three years for a secured debt that should be paid off, Are they
Michael's answer
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Answered on March 24, 2014
Generally speaking, they are not entitled to collect more than they are owed. They do get to add on interest, penalties, attorneys fees, and late...
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WE FILED CHAPTER 7 MY MORTGAGE IS CURRENT I DO HAVE A LIEN AS A SECOND MORTGAGE WHICH THE BANK HAS REDUCED TO 10K
Michael's answer
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Answered on March 24, 2014
Liens go through Chapter 7 unaffected. Although your personal liability is being discharged, the property will remain liable for both mortgages....
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I need to file due to divorce i can effort to pay all my car payments plus child support any idea how much will Bankruptcy
Michael's answer
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Answered on March 24, 2014
Attorney's often provide free consultations. My firm always wants to meet first to make sure we understand the full picture of what the case...
Archived
I sold a piece of property on land contract and now the party has filed bankruptcy ...What can I do to protect my asset
Michael's answer
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Answered on March 24, 2014
You will need a bankruptcy attorney. Your main goal is to get a preferred position among other creditors. You will need the attorney to pursue a...
Archived
Foreclosure before Bankruptcy
Michael's answer
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Answered on March 24, 2014
Assuming your client properly recorded the lien, they would have a superior position to the property tax company, although the taxes themselves may...
Archived
What is the status of Bank of America foreclosures of formerly Countrywide-owned properties without original loan documentation?
Michael's answer
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Answered on March 24, 2014
This answer won't be a lot of help, but the answer is state specific. The attorney general for each state may have already negotiated something...
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