One business requires funding through escrow. Who pays the taxes on balances sitting in escrow at the end of the year?

This is more of an accounting question than a legal question. The answer you seek may be dependent upon the language in the escrow agreement and...

If I enter into a Consent to Foreclosure , do I still get any surplus if my home is sold for more than what I owe on mortgage?

If you consent to a foreclosure sale, and there is a sale, and there is a surplus, you will receive the surplus. However, few foreclosure sales...

Debt company finding other debts on your credit report and purchasing legal?

There are debt buyers. A debt buyer can buy more than one debt against you if they choose to.

Property taxes go up during Chapter 13 plan

The lawyer is the lawyer for the entire duration of the chapter 13 plan. You should meet with the lawyer to determine if you need to have the plan...

If a business is in chapter 11, and you sign an agreement with them, can a newly appointed trustee nullify the agreement?

A five year agreement is likely out of the ordinary course of business for this debtor. Therefore, the court must approve the agreement. The...

Will the foreclosure process occurring post Ch 7 bankruptcy to get lien out my name affect my credit score??

The chapter 7 bankruptcy and the foreclosure case are separate from your credit score and the credit reporting law. The foreclosure case can be...

It is not a penalty. It is different processes at work. There is not a direct relationship between bankruptcy, foreclosure and credit. The...

Dear, My classmate and I hope to start our business this summer. We want to learn more about tax.

Please consider consulting with an experienced lawyer. The consultation will be worth your time. Good guidance at the beginning will save you a...

Do i have obligation to answer defendant's phone call after they have been served with summons?

You have no obligation to return the phone call. It will likely be necessary for you to talk to the Defendants at some point in order to...

We can no longer afford to live in our townhouse and want to know how to file bankruptcy

There just seems to be something wrong with losing a house due to student loans. Secured debts typically are given priority over unsecured debts. ...