Do I need to file for bankrupcy on 12-15 year old debt that doesn't have a judgement agaist me, or is it now uncollectable?

Those creditors that failed to sue before the statute of limitations expired are out of luck. But the ones that have judgments could come after...

Capital gain tax for a foreclosed second property

You need to ask a tax attorney or CPA that knows about these things. But here's my take on it: A foreclosure is a "sale or exchange" that...

How do I know when my bankruptcy case is discharged?

I see you are in San Diego, like me. You will receive a notice from the court around 60 days from the date of your 341a meeting. In some...

I am filing for chapter 7. I have some money in my savings that belongs to my mom. How do I go about it.

It's very common for a the parent and child to be on the same account for the convenience of the parties. Clients often hold an account jointly...

How do I get rid of the student loan in bankruptcy Chapter 7?

In order to discharge the loans you would have to prove undue hardship. It might be possible but you would most certainly need to retain an...

If you don't have much in the way of other property then you should not have a problem exempting this piece of property. Before you file for...

How can I liquidate my S Corp without affecting my personal property?

You and your attorney should look into the idea of inactivating the corporation rather than formally liquidating it in order to avoid paying the...

You are in the 9th Circuit. In our circuit the Beezley case holds that debts are discharged even if they were left off your petition if: 1) Your...

Deficiency balance from short sale of 170,000. Settle or BK?

You probably should not take money from your retirement nest egg to pay this deficiency. Generally money in your 401K is protected from creditors...

Is my wife liable for my credit card debt?

Spouses are often concerned about being liable for the debts their spouse incurred. First of all let me clear something up: There is no such...