My husband is $40k in debt. Is bankruptcy the best option? Will it affect me, although our finances are separate?
Jeffrey's answer
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Answered on June 02, 2009
Bankruptcy sounds like the best option for your husband. If you do not file it will not affect your credit, however your community property is...
Archived
In washington state can a debt (disputed) be collected after 10 years? Isn't this illegal for this state?
Jeffrey's answer
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Answered on June 02, 2009
The statute of limitations for written contracts in WA is 6 years. This would include the credit card you are referring to. If you haven't made a...
Archived
I am being sued from my car insurance.
Jeffrey's answer
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Answered on June 02, 2009
Your insurer has the right to pursue you for the settlement proceeds to cover what they spent in medical bills. This is called a right of...
Archived
Issues include: possible foreclosure, IRS,CAFRANCHISE TAX, generic debts Do I need an attorney?
Jeffrey's answer
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Answered on June 01, 2009
Yes, You really need an attorney to assist you in this situation. Need more facts to give more detailed answer.
LEGAL DISCLAIMER
Mr. Larkin is...
Archived
Can my wages be garnished in the state of calif. for an unsecured credit card?The debt is at least four years old .
Jeffrey's answer
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Answered on June 01, 2009
They can be garnished but not before a judgment is entered against you. It is likely they have already got a judgment against you if they are...
Archived
Can unemployment benifits be garnished in California
Jeffrey's answer
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Answered on June 01, 2009
No, unemployment benefits are exempt from garnishment in CA.
LEGAL DISCLAIMER
Mr. Larkin is licensed to practice law in CA and is located in...
Archived
My husband files for bankruptcy, can creditors come after me in a 3 or 5 years to pay for his debts if I won't file with him?
Jeffrey's answer
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Answered on June 01, 2009
As for the debts incurred before you were married, those are his separate debts for which he is liable for. You are not. Debts accumulated during...
Archived
FL Chapter 7 Bankruptcy - can I include a personally guaranteed line of credit from an S-Corp that is solely owned by me?
Jeffrey's answer
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Answered on June 01, 2009
You do not need to close the S-Corp and you can discharge your personal obligation on the loan. Your corporation will still be liable...
Archived
My husband and I are having trouble paying our bills. We need help, but don't know what to do.
Jeffrey's answer
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Answered on June 01, 2009
I agree with Mr. Kovacs. His advice is correct.
LEGAL DISCLAIMER
Mr. Larkin is licensed to practice law in CA and is located in San Diego....
Archived
If I file for Chapter 7 Bankruptcy in FL, can I include a small business loan from an S-corp that is only under my name?
Jeffrey's answer
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Answered on June 01, 2009
The S-Corp debt can be discharged as to you if you have personally guaranteed the debt but it will still be collectible against the corporation. ...
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