I let someone borrow money they wrote a letter stating what they were paying me back signedletter witha due date is letter legal

Based on the facts recited, I opine the contract for money loaned is legal. Holding title to a concession trailer as collateral, is not the same...

Can your job allow for your wages to be over garnished?

The calculation of garnishment is not always handled with Mathematical precision. A motion to quash a garnishment is the correct procedure. You...

Bankruptcy. If I titled property in a trust years ago, is that an asset in chapter 7?

When you consult with a bankruptcy attorney, here's some of the questions–all are mostly covered by my colleagues– earlier answers. Was it a...

Current value of my close corporation?

A caveat: Although the net value of your corporation may be $0 (assets minus liabilities) the 500 #3 widgets +600 number 2 widgets are personal...

Do i need an attorney at a defficiency hearing that i am not contesting due to filing for bankruptcy?

Based on the facts recited, it appears that you expect to discharge your loan obligation in the bankruptcy. As the other attorney wrote, it...

Filed Chap 7 and initiated a short sale of my CA home. Both concluded after move to NC. Am I liable for NC state tax on 1099c?

Tax obligations may be offset by filing IRS form 982.

If you don't reaffirm a house in a bankruptcy but choose to continue to make payment and live there how does that work if the ce

You wrote, “I learned that we don't have to reaffirm the house we can continue to make payments and the bank won't foreclose” Several of my...

Co-debtors both filing for bankruptcy

Did you reaffirm your obligation to pay the car in the Chapter 7 bankruptcy? If so, you remain liable for the contract. If you did not...

The money is exempt for collection under 42 USC §407. whether it is considered/counted in the question of a short sale is not a matter of...

How is a judgement lien (wages garnished) listed on the statement of intention form?

The Statement of Intentions relates only to secured loans ( e.g. Car or hous loans) or intentions to assume or reject a lease. & is unique to a Ch...