Prior to bankruptcy, is it OK to buy a car if you plan to reaffirm it?

I'm willing to bet you it will be easier to finance a car AFTER the successful completion of a chapter 7 bankruptcy case. This is true because you...

Is it legal for collection attorneys to charge interest after a judgment?

Yes, judgment creditors are allowed to add the statutory rate of interest for your state to the balance of the judgment. You may benefit from a...

Can we file for Chap. 13 Bankruptcy if our only income is Soc. Security, & Retirement. We have about $200 disposable income.

Yes, theoretically it is possible for you to file a chapter 13 case. But you should sit down with an experienced bankruptcy attorney in your...

Are you the sole shareholder of this corporation? If so, then you would have to be able to exempt the value of your corporation (transfer value of...

I was caught off guard by a debt collector call, did I restart the SOL on a medical bill if said monthly payments could be made?

Not unless you put that promise to make a payment in writing. Send the collector a cease and desist letter (you can find many examples of a...

Would an abstract of judgment for unsecured debt raise my homeowners insurance premium for my homestead in the state of Texas?

The involuntary judgment lien should have no impact on your hazard insurance premium. You may still wish to speak with a bankruptcy attorney in...

I had a meeting of the creditors late November 2012 . I have not received notification of discharged have received ads stating

Explain the situation to the judge at the continued reaffirmation hearing. Shouldn't be an issue if the loan being reaffirmed was paid off through...

Debt with co- signed person on credit card ,if I file chapter 7 will that clear onliy me off or clear the entire debt

It will only act to discharge your individual liability on the debt. The credit card company could still attempt to collect on the debt from the...

Bankruptcy Question re: Restitution. criminal restitution is not able to be discharged in BK. But I owe it bc of my son. matter?

Non-dischargeable just the same. If your son pays you back in time, you will have been made whole and he will have learned a valuable lesson. ...

Wife named alone as debtor in credit card judegement. creditor won judgement. can they legally garnish our joiint bank account?

Yes. A judgment creditor can levy both individual and joint accounts of a judgment debtor. I recommend speaking to a bankruptcy attorney in your...