Archived
Am I liable for the corporate debt or can I put this back on the company?
Enter your question here. e.g., Do I need a real esta
Christopher's answer
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Answered on December 30, 2010
Usually, there is some type of agreement between the shareholders in regard to debt (ie. debt is shared equally). The debt may be in your name and...
Archived
I just got sued by a debt collector I'm inrolled in a debt settlement program what can I expect when showing up to court?
Christopher's answer
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Answered on December 30, 2010
It is very difficult to fight these type of cases in court. You probably have to answer the complaint. If you incurred the debt, then you don't...
Archived
Citicards has sent me a letter saying that I will be having my account refereed to an attorney, now what?
Christopher's answer
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Answered on December 30, 2010
Give the paperwork to your bankruptcy attorney and explain the situation. You can not be arrested for not paying a debt. It is possible to be...
Archived
What happens if after my exception for wage garnishment is submitted?
Christopher's answer
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Answered on December 30, 2010
This question does not make sense. Please rephrase and add some detail.
Archived
I lent an ex-boyfriend a lot of $. Now he won't speak to me and hasn't paid me back. Is there anything I can do to recoup?
Christopher's answer
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Answered on December 30, 2010
If he knew it was a short term loan, then you could have an attorney write a letter and you could take him to court. He will probably say he...
Archived
I am about to file bankruptcy. Do i need to close any bank accounts, and will my student loans be effected?
Christopher's answer
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Answered on December 30, 2010
You do not need to close bank accounts, but realize that depending on your state's exemptions, the money in those accounts can be taken by the...
Archived
Death of spouse, little income, landlord says I'm still responsible for the rent until lease ends in April. How can this be?
Christopher's answer
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Answered on December 29, 2010
It may not seem fair, but if you signed the lease, you are obligated to pay the monthly rental no matter what happens to your spouse.
Archived
Just formed LLC for veterinary consulting. Do I need liability insurance in the company's name, my name, or both?
Christopher's answer
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Answered on December 29, 2010
Regardless of whether or not you operate as an LLC, you are still liable for your own negligence. If you commit malpractice, then you can be sued...
What affect does bankruptcy have on a deed in trust? Can an 11 or 12 rewrite its terms?
Christopher's answer
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Answered on December 29, 2010
A deed of trust survives bankruptcy intact. It is not possible for bankruptcy judges to rewrite terms. Perhaps a loan modification would work in...
Is it legal for a bank to backdate their own loan insurance on a car loan?
Christopher's answer
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Answered on December 29, 2010
This depends on what your loan agreement says. It probably gives them the right to do this. From their perspective, they are protecting themselves...
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