Once you are out of bankruptcy your credit should begin to improve as you re-establish credit however you should be cautious of doubling up on...

I filed chapter 13 bankruptcy. Is the money I pay to the trustee tax deductable?

No. Mr. Larkin is licensed to practice law in CA and is located in San Diego. His response here does not constitute legal advice and does not...

We are co-owners on rental property that may foreclose, is bankruptcy an option?

There is much more information needed to properly advise you of your options. The short answer is that making $150k/yr does not disqualify you...

Can I file taxes seperately from my husband while in bankruptcy?

Yes, unless part of the confirmation order requires you to file a joint return for whatever reason (ie. larger refund to turn over to trustee for...

Should I file for Bankruptcy now or in November, at the time of my retirement?

Yes. Prior to when you get that $$. Mr. Larkin is licensed to practice law in CA and is located in San Diego. His response here does not...

How does bankruptcy work?

go to www.annualcreditreport.com for your free credit report. Sounds like you qualify for bankruptcy and you could get an apt. in a year (assuming...

Is there a statue of limitation on unpaid debt in the state of La

For open accounts like credit cards in LA it is 3 years from the last time you made a charge or payment on the account. Mr. Larkin is licensed...

My husband and I filed for chapter 7 bankruptcy in June we are a week out from 341 meeting with creditors. Our dilemma is my

If this is something that occurred after the filing date of your case then it is a post-petition asset not part of your bankruptcy estate. The...

Who is responsible for credit card debt when someone single dies?

Legally his his estate is responsible to pay the debt and if there is not sufficient funds to pay the debt then it is written off by the creditor...

If two homes are owned in different states, can a bank force a bankruptcy on properties if one is does not have a mortgage?

The FL bank cannot force bankruptcy on you but they can sue you, get a judgment against you and place a lien against your property in RI. This...