Archived
If I buy a home with my severance pay but default on another home loan, will I loose the payed off home if I file bankrupcy?
Daniel's answer
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Answered on March 04, 2010
You need to find out what the homestead exemption is in CA. In Colorado it is $60,000 and $90,000 for elderly or handicapped.
Archived
Can I file for Bankruptcy?
Daniel's answer
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Answered on March 04, 2010
I think I agree with Mr. Fink. A bankruptcy stays on your credit reports for 10 years. Unfavorable credit items generally stay on your reports...
Archived
I made an offer on a short sale in Florida. The owner just filed for bankruptcy.
Daniel's answer
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Answered on March 04, 2010
Caveat--I am not familiar with Florida state law of Florida exemptions in bankruptcy. When the owner filed his petition bof bankruptcy relief his...
Archived
My husband and I filed cht. 13 but didn't know he was planning divorce.
Daniel's answer
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Answered on March 04, 2010
See an attorney immediately! Some possibilities--Stop making payments and let the 13 dismiss. You might have to wait six months to file a new 7. ...
Archived
Can I file bankruptcy after the judgement in court for a business closure ?
Daniel's answer
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Answered on March 04, 2010
As always, questions like this are difficult to answer without more information. However, your personal liability on a business lease should be...
Archived
Bankruptcy and IRA
Daniel's answer
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Answered on March 02, 2010
I assume you mean can he withdraw funds from the IRA while the banbkruptcy is in progress. Really bad idea, and he probably could not do it...
Archived
Is it reasonable to file for a divorce than a bankruptcy?
Daniel's answer
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Answered on March 02, 2010
Great question! First thing, see another bankruptcy attorney. This is an art not a science. Some lawyers are more experienced, some are more...
Archived
What do you recommend for Jim (fictional person) to protect his business assets through personal bankruptcy?
Daniel's answer
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Answered on March 01, 2010
The LLCs would be assets of the debtor that are subject to seizure. But they might not be worth much. Do any of them have any assets? Do they...
Archived
I am filing bankruptcy pro se tomorrow. Last year I needed emergency cash and took out a title loan.
Daniel's answer
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Answered on March 01, 2010
You really should hire an attorney for this one. Its really tricky. Questions I would ask you: 1) Why would you want to reaffirm the car loan...
Archived
My fiance and his ex-wife are co-debtors on a school loan.
Daniel's answer
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Answered on February 27, 2010
I think this category of question is one of the more difficult to answer. Your fiance will be listed as a co-debtor on his ex's petition. In my...
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