Please explain a charge off- can I get sued, do I have to pay the money still?

These charged-off accounts have become big business. Especially over the last 5 to 7 years. Companies purchase these "bad" accounts for pennies...

IRA exemption in bankruptcy

Most trustees will not inquire as to whether you have made excessive contributions to your IRA. But, be aware that the statute states only...

How can I safely avoid having to appear 3000 miles away in a federal bankruptcy proceeding and still prevent default judgment?

The Statute of Limitations is a defense which must be presented in order to take advantage of it. You must, at least, hire counsel to file an...

What should the landlord do if tenant files for bankruptcy and automatic stay is in effect?

I would recommend that you find local counsel to file a Motion to Lift the Stay if the tenant is not paying rent or is materially breaching any...

Ex and I have been divorced for over 3 years. Just got a call that she was filing bankruptcy and credit card is coming after me

If you are saying that the credit card which she kept and continued to use after the divorce is a card which was in your name, then I would say...

Can a debt collector put lien against my house or bank account in the state of texas?

They cannot attach a lien against your homestead. But, they can and will cloud the title to your homestead with an abstract of judgment, obtained...

First of all, I agree with the answer already posted that the UST may claim that the expenses are excessive and file a Motion to Dismiss on the...

Tenant filed for Ch 13 and wants to sell off her business

I assume that you are talking about the pre-petition lease payments only since they are required to assume or reject all executory contracts...

What happens when a judgement is filed against you in court?

They probably can't garnish your wages so long as you are paid by a Texas employer. But they can conduct post-judgment discovery to determine if...

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When can I use exempt social security funds?

The question is when were the social security proceeds paid to you? If they were paid prior to filing the bankruptcy, then they are part of the...