Archived
Is it legally mandatory to cover a bad check from 2008 that I was completely unaware of until a week ago?
Matthew's answer
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Answered on February 12, 2013
Well, if you don't like the bank, you should probably stop using that bank (you probably have). The only real legal defense is the statute of...
Archived
Foreclosure - When can I start counting the years till I can get another loan?
Matthew's answer
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Answered on February 12, 2013
The three years starts from the date of the Sheriff's deed. That is when the property went out of your name, so that is the transfer that is...
Archived
Credit report
Matthew's answer
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Answered on February 12, 2013
The obvious question, were you evicted? From the tone of your question, you seem to imply that this is a case of mistaken identity.
The first...
DO BANKRUPTCY TRUSTEES MONITOR YOUR CHECKING ACCOUNT ACTIVITY?
Matthew's answer
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Answered on February 12, 2013
Generally, chapter 7 trustees do not monitor your bank accounts after the filing of your case. However, as others have pointed out, they "could,"...
Archived
I paid a company to consolidate my payday loans now the same loans are coming after me threatening to take me to court.
Matthew's answer
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Answered on February 12, 2013
Agree with Dorothy, first contact the debt consolidation firm you used and request an audit (unfortunately, many debt consolidation outfits are...
Archived
How can we protect ourselves from writ of garnishment on our corporate bank account? Debtor has judgement against me personally.
Matthew's answer
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Answered on February 12, 2013
Generally, a writ of garnishment can be issued only against the particularly named defendants on the judgment. So, if the judgment says, Mr....
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Archived
I filed bk and had it discharged back in december 2011. 1099 for house that i walked away from
Matthew's answer
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Answered on February 12, 2013
Let's back up, you mention the 1099 you received was a 1099-A. That is a different issue than a 1099-C which reports forgiven debt income. Your...
Archived
Can I be taxed on income on a 1099-C for a Deficiency from a Foreclosure if the property was included in my bankruptcy?
Matthew's answer
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Answered on February 12, 2013
Can a bank issue a 1099-C after bankruptcy....
1. Is it legal, yes.
2. Is it an error, no.
3. is it required, no.
If anyone actually reads...
Archived
Received a Form 1099-C from bank that forgave a mortgage we were no longer obligated to repay.
Matthew's answer
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Answered on February 12, 2013
Can a bank issue a 1099-C after bankruptcy....
1. Is it legal, yes.
2. Is it an error, no.
3. is it required, no.
If anyone actually reads...
Archived
Need to file OIC. Been using Business bank account. What to do?
Matthew's answer
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Answered on February 12, 2013
If you are a business owner, I would strongly advise against filing an Offer in Compromise without a professional representative (Attorney or CPA)....
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