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We owe more on our house than we can sell it for. My spouse and i are separating and we need to know what our options are
Jeffrey's answer
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Answered on July 24, 2009
You should consider bankruptcy options unless your state has anti-deficiency laws in place and you meet the requirements.
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Mr....
Archived
When you go into bankruptcy, is everything taken away from you, ie., home, car, etc.?
Jeffrey's answer
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Answered on July 24, 2009
I agree with Mr. Colwell.
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Mr. Larkin is licensed to practice law in CA and is located in San Diego. His response here does...
Archived
Can i file for bankruptcy without an attorney?
Jeffrey's answer
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Answered on July 23, 2009
I agree with the 2 other posts but would advise hiring an attorney in your specific situation.
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Mr. Larkin is licensed to...
Archived
If I file for Chapter 13 . Will I have to pay for all the 80,000 credit card bills I have?
Jeffrey's answer
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Answered on July 23, 2009
I agree with Ms. Kyllander's post.
LEGAL DISCLAIMER
Mr. Larkin is licensed to practice law in CA and is located in San Diego. His response...
Archived
Can I file for bankruptcy to avoid paying the taxes on a short sale?
Jeffrey's answer
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Answered on July 23, 2009
A bankruptcy filing would eliminate any tax liability on the short sale and in my view is the way to go if you are in fact facing a 1099 for $172k....
Archived
Spousal Debt liability.
Jeffrey's answer
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Answered on July 23, 2009
No. If these debts were incurred prior to marriage then they are separate debts for which you are not liable for. Only your husbands separate...
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Is bankruptcy the only answer to credit card dept after facing a hardship such as disability in CA?
Jeffrey's answer
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Answered on July 23, 2009
Your fiance is what is known as judgment proof. If he has no assets and his only source of income is social security then there is really nothing...
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What do the term chapter7,11 and13 mean when you filebankruptcy ?which is best to filed.
Jeffrey's answer
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Answered on July 22, 2009
You want to consider chapter 7 then. Chapters 11 and 13 require a regular source of income so it does not appear to be an option for you...
Archived
Should I file bankruptcy?
Jeffrey's answer
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Answered on July 22, 2009
If I were in your shoes I would look at bankruptcy options.
LEGAL DISCLAIMER
Mr. Larkin is licensed to practice law in CA and is located in...
Archived
I want to file for bankruptcy & I am pursuing a workma's comp settlement. Can that be used against me & can that money be taken?
Jeffrey's answer
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Answered on July 22, 2009
You need to speak with a bankruptcy attorney in your state. In CA, your workers comp. settlemnent would be fully protected but each state is...
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