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I am being sued by Discover Bank for apr. $2900 of outstanding debt. Is bankruptcy my best course of action?
Brian's answer
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Answered on October 23, 2009
Bankruptcy is dependant on each individualized situation. However, if you qualify and have no other means, it may be your best course of action....
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I tried to settle with collection agency but within the next week they passed it onto a collection attorney and they filed small
Brian's answer
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Answered on October 22, 2009
Hello:
If you truly cannot pay the debt and you have sufficient debts to pay, you might want to consider filing Chapter 7 to get the debts...
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I have multiple debts, and am trying to pay these off, but they are being turned over to collect/small claims. What can I do?
Brian's answer
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Answered on October 22, 2009
Hello:
Eventually, they will bring lawsuits against you and do everything they legally can to collect on the debts. Now might be a good time to...
Archived
I am totat disability, had a car repossed ($7,800), have about $18,000 credit card bills...What should I do?
Brian's answer
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Answered on October 22, 2009
Hello:
Assuming you qualify, you should declare Bankruptcy to get the dischargable debts to disappear. Hopefully, this will give you sufficient...
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$18,000 credit card debt. $25,000 student loan. Earn $1500 a month.
Brian's answer
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Answered on October 22, 2009
Hello:
There is not sufficient information to definitely state whether you can file. However, it does appear likely that you are under the means...
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I'm n A LOT of student loan debt, and was recently issued a summons. I just started working 2 wks ago. What does this mean?
Brian's answer
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Answered on October 22, 2009
Hello:
Student Loan Debt is not automatically discharged in Bankruptcy. You would have to make the necessary motions and show the requisite...
Archived
Can i sue someone who declared bankruptcy but did not list the company she legal obligation to pay back as a creditor?
Brian's answer
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Answered on October 22, 2009
Hello:
You will run a significant risk of violating the permanent discharge injunction if you try to collect on the debt without being sure it...
Archived
If a debt is not valdiated
Brian's answer
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Answered on October 22, 2009
Hello:
You should contact an attorney licensed in your State to verify. However, if you incurred the debt and you signed that you would be...
Archived
My husband invested some money in his brother's company in Peru. If we declare bankruptcy, will the trustee go after the co.?
Brian's answer
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Answered on October 22, 2009
Hello:
All of the property owned by you and your husband becomes property of the estate. However, keep in mind that for the Trustee to try and...
Archived
Can a debt collector prosecute a person that has unintentionally misrepresented themself as another person's spouse?
Brian's answer
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Answered on October 22, 2009
Hello:
You should contact an attorney licensed in your State. However, it appears you did not commit any misrepresentation and this person is...
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