Archived
We have a lien on a person's house that owes us money, they now filed for bankruptcy. Does that affect the lien? pls respond
Henry's answer
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Answered on August 05, 2010
Refrain from doing anything at this time since you are legally stayed from doing so with the bankruptcy filing. Since the debtor's personal...
Archived
Bankruptcy lawyer
Henry's answer
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Answered on August 03, 2010
There is a likelihood that the funds can be claimed as exempt, but representation is important to make sure everything is handled and documented...
Archived
Power of attorney
Henry's answer
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Answered on August 03, 2010
Her inability to sign can be overcome with he placing a mark and having that properly attested or someone signing at her direction. The real issue...
Can you lose your ira and 401 k in illinois if you declare bankruptcy
Henry's answer
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Answered on August 03, 2010
Retirement funds are exempt assets. With very limited exception, you will be able to retain the 401(k) and IRA funds through a bankruptcy.
The...
Archived
I was injured at work a payloader backed into me and crushed my left hand cutting the back in half and viens broke my left wrist
Henry's answer
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Answered on August 03, 2010
These are each matters that should be examined based on information gathered from a legal consultation and thorough review of the documents. ...
Archived
Is homestead exemption $15,000 or $30,000 if I'm married and husband is filing for chapter 7 bankruptcy... not myself?
Henry's answer
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Answered on August 02, 2010
Generally, you would claim only your homestead exemption, but it would be in your "half" interest in the property.
The scope of this space does...
Archived
What would my risk be if someone was injured on a property I own in another state and is undeveloped land?
Henry's answer
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Answered on August 02, 2010
First, I suggest you get advice in the state in which the property is located. Second, liability insurance for the property is advised and should...
Archived
Bankruptcy after divorce, can they come after my wife accounts
Henry's answer
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Answered on July 31, 2010
Your spouse will not be responsible solely because the debts were incurred while you were together. She may be held responsible if she was primary...
Archived
My father die!
Henry's answer
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Answered on July 31, 2010
I am sorry to hear of your loss. Probate matters are not handled on a percentage. The attorney should bill hourly. Some may charge a flat fee. ...
Is living spouse responsible for 1st and 2nd mortgage if mortgage was in dead spouses name only but deed is in joint name in IL.
Henry's answer
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Answered on July 24, 2010
If the surviving spouse did not sign the Note, then there is not any responsibility to pay the debt. The property, however, is security for the...
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