Questions answered by Henry Repay

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I want to file bankruptcy my problem is a loan from family.

Henry's answer | Answered on April 27, 2009

You did not mention the amount. If the amount is significant, you may need to wait until next December to file bankruptcy. If it is...

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I have $30,000 in cc debt & $32,000 in loans. I am current on all my payments. can I file bankruptcy & is it advisable?

Henry's answer | Answered on April 26, 2009

Bankruptcy should be examined, but whether it is a good course depends on an analysis of the complete financial picture. The scope of this space...

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I am executor of my fathers will, he has died, am i responsible for any of his debts after the will is closed in probate?

Henry's answer | Answered on April 26, 2009

The mortgage company is generally limited by the home's value in what they can collect on a reverse mortgage. You should have an attorney...

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If my business is incorporated-why am I being held personally liable for much of the debt?

Henry's answer | Answered on April 24, 2009

The personal guarantees mean that your family may be impacted and, as such, one consideration is a bankruptcy filing. The scope of this space does...

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Can we buy new cars before filing?

Henry's answer | Answered on April 22, 2009

You may be able to work through this, but you should work with your attorney. Generally, since you will be honoring your commitment to pay the new...

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I see my payments only going toward my house and the lawyer and trustee but not to other creditors listed on my sheet why ?

Henry's answer | Answered on April 22, 2009

There is an order of priority in which debts are paid under your plan, which probably is to your advantage. Unsecured creditors typically get paid...

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I am in a chapter 13 how do i get my payments lowered they take all of my money every week for it?

Henry's answer | Answered on April 21, 2009

The intent in a Chapter 13 is that any money that is not necessary to your daily living expenses should be used toward your plan. So, part of the...

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What is required by Illinois law if a developer wishes to make a material change to a condominium during construction?

Henry's answer | Answered on April 21, 2009

Answering your question without reference to the documents is not possible. It is contract and plan specific. You should arrange an office...

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I own a property with an easement.can neighbors or the courts overrule or ignore it?

Henry's answer | Answered on April 21, 2009

My impression from the information in your question is that you should be able to retain the easement rights, but that is going on a limb without...

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I am getting divorced and cant pay for my house and credit cards should i file

Henry's answer | Answered on April 20, 2009

This is a question that should be addressed by both your divorce attorney and your bankruptcy attorney. While bankruptcy may be an answer...

Henry Repay's Answers (2725)

I want to file bankruptcy my problem is a loan from family.

I have $30,000 in cc debt & $32,000 in loans. I am current on all my payments. can I file bankruptcy & is it advisable?

I am executor of my fathers will, he has died, am i responsible for any of his debts after the will is closed in probate?

If my business is incorporated-why am I being held personally liable for much of the debt?

Can we buy new cars before filing?

I see my payments only going toward my house and the lawyer and trustee but not to other creditors listed on my sheet why ?

I am in a chapter 13 how do i get my payments lowered they take all of my money every week for it?

What is required by Illinois law if a developer wishes to make a material change to a condominium during construction?

I own a property with an easement.can neighbors or the courts overrule or ignore it?

I am getting divorced and cant pay for my house and credit cards should i file