Archived
If i am in the process of filing bankruptcy on a former business can i start a new business and incur debt on the new business?
Michael's answer
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Answered on April 05, 2010
If the former business truly filed a ch7 or ch11 in the business name only (not in your name as "primarily business debt"), then that is an...
Archived
If i don;t pay my credit cards and my credit cards payment and i leave to another country, will they come after me
Michael's answer
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Answered on March 29, 2010
Your creditors will probably negatively report on your credit rating which will effect you no matter where you are. Your creditors could also...
Archived
We rented out our house
Michael's answer
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Answered on March 10, 2010
If you choose the Federal exemptions rather than Texas exemptions, you are given a "wild card" amount of $20k for you and your spouse that can be...
Archived
Can a lien be put on the equity of my home by credit card companies?
Michael's answer
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Answered on February 19, 2010
Mr. Polk's answer is correct. I would only add that, If the creditor files an abstract of judgment in the county where your house is, you may be...
Archived
Chapter 7- truck repossessed a year after disharge. Can I be liable for the balance of truck?
Michael's answer
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Answered on February 01, 2010
Based on the information you provided, it sounds like you never entered into a valid reaffirmation agreement on the truck. A reaffirmation in...
Archived
My parents filed for bankruptcy about five years. Recently, they fell behind on their mortgage payments and now face foreclosure
Michael's answer
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Answered on January 19, 2010
If your parents filed a chapter 7 bankrtupcy over 4 years ago, they can still file for chapter 13 bankrtupcy now (and receive a discharge at the...
If I had a bankrupcy older than 10yrs what do I answer if app asks if I ever had one?
Michael's answer
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Answered on January 05, 2010
I do not know what type of application this is, but I suspect that you do not have to disclose it. Federal Law makes it illegal for an employer to...
Archived
After filing bankruptcy in the State of Texas, how long will that affect one's auto insurance rates?
Michael's answer
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Answered on January 02, 2010
Many people find that having filed bankruptcy has had no effect on their auto insurance rates. However, some insurance companies run credit...
Archived
Is this debt commercial or consumer?
Michael's answer
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Answered on December 20, 2009
Probably not under the FDCPA. But ... the Texas DTPA does protect against certain types of misrepresentation or threatening conduct. The DTPA...
Archived
What can a credit collector do if you continue to make payments on a secured debt, and then stop
Michael's answer
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Answered on December 12, 2009
Since you did not reaffirm this debt, you are no longer personally liable for making payments on the debt. That means that if you stop making...
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