Being able to claim a dependent on a tax return is tied to a number of related tax benefits. Taxpayers who claim dependents can claim an additional...

Can admitting debt to a collection agency reset statue of limitation (SOL)?

Your question raises two issues. The first conceerns the expiration of the statute of limitations. A statute of limitations is a deadline for...

Filed Ch 7 Bk in 2009. For 2 home loans (80/20 split) on our home, are we liable or can we walk? Value is upsidedown.

One of the primary purposes of filing bankruptcy is to discharge debt. A discharge is a permanent federal court injunction that prohibits a...

As Writ of Executuion, they took our vehicle that is owned by the Leinholder. Is that "real property"

A vehicle certainly is a "real" as opposed to an "imaginary" asset but the law sometimes defines things in ways that are confusing. Legal...

Can I be sued and licence suspended?

Your Texas Driver's License cannot be taken away from you for failing to pay a payday loan. ASD is a debt collector and is governed by the Federal...

If you file for bankrupcy in texas can you still keep your house in which you live in

A bankruptcy estate is created upon the commencement of your case. All of your property becomes property of the estate when you file your case,...

After filing bankruptcy, if you move do you have to amend schedules and add the lease?

You are required to file schedules that set forth your assets and liabilities and executory contracts as of the date your bankruptcy petition is...

Whether or not to file Chapter 7 for our LLC which is Nevada Domiciled?

Corporations and LLC's do not receive discharges in chapter 7 bankruptcy; but if you do not defend the lawsuit you may be required to respond to...

The filing of a chapter 7 bankruptcy case creates a bankruptcy estate. All of your property becomes property of the estate. One of the Schedules...

On chapter 7 petition, what is the best way to describe my mom's car that is in my name. I don't want any trouble.

The vehicle needs to be scheduled as an asset on Schedule B with the estate's interest valued at zero and a disclosure that the vehicle is titled...