If the statute of limitations has not expired in the jurisdiction, a person can sue for defective construction or installation. Generally, the...

Is it possible to face criminal charges for needing more time to repay a payday loan?

With a few exceptions you cannot be imprisoned for debt. That means that simply failing to pay an ordinary debt cannot result in arrest or going...

Is a cosignor of a loan liable if the primary borrower has filed bankruptcy

The short answer is generally "yes." An exception exists if the borrower files Chapter 13 bankruptcy and agrees to pay the debt in full in the...

Can we receive a forgiveness of indebtedness income from our home foreclosure

The tax consequence to which you have been referenced is "forgiveness of indebtedness income." When a lender accepts a reduced payment in...