Questions answered by Bruce Allan Wilson

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Inheritance from living trust before Meeting of the Creditors

Bruce's answer | Answered on July 28, 2012

I would contact the Trustee of the Living Trust and ask them to provide you with an estimated value of what you might inherit and then amend your...

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MY FATHER AND I HAVE BEEN SERVED 3 SEPARATE SUITS FOR MY STUDENT LOAN DEBT I NEED HELP RESPONDING

Bruce's answer | Answered on July 27, 2012

You will need to file answers with the court in order to defend yourself. If you admit that you owe the debt and the amount is valid you can just...

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I'm am considering in starting my business in the Wholesaling Real Estate do I need a lic:

Bruce's answer | Answered on July 27, 2012

I would check with the Dept. of Real Estate in CA to determine if there is any licensing requirement that you need to meet. BW

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Does the title holder of a property have to pay off HOA lien to get the property back.

Bruce's answer | Answered on July 26, 2012

Title holder would foreclose and HOA fees could be wiped out if there is no equity from foreclosure sale to pay them. If HOA gets nothing, the...

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How can walking away from your home after 3 years from a bankruptcy hurt you?

Bruce's answer | Answered on July 26, 2012

You can walk away from your home currently and let it be foreclosed, but it will reduce your credit score if you do so. An issue that needs to...

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Do I have to appear in court?

Bruce's answer | Answered on July 25, 2012

You are required to appear in court and ahould be compensated for doing so. BW

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What can i do to a tow company in california who is not paying for their credited fuel of over 40k

Bruce's answer | Answered on July 25, 2012

Bring lawsuit in civil court after they are sent a demand letter and do not respond within a reasonable time period (5 - 10 business...

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If a friend add my name on his bank account, and the account is levied because of me, can he get his money back?

Bruce's answer | Answered on July 23, 2012

No. You may attempt to set aside the judgment if the creditor failed to serve you properly, which sounds as though it may be the case. BW

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Should I pay graduate school tuition before or after filing Chapter 7 bankruptcy?

Bruce's answer | Answered on July 23, 2012

You should determine if the $12000 is exempt under CA rules. You can only do that by performing a complete exemption analysis on all of your...

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Chapter 7 means test. I read different things. Is the IRS $200 "clunker" ownership allowance still available? 1 site said no.

Bruce's answer | Answered on July 22, 2012

IRS rules and bankruptcy rules are not the same. Generally, a person may exempt equity in a vehicle in CA with an exemption amount of a little...

Bruce Allan Wilson's Answers (742)

Inheritance from living trust before Meeting of the Creditors

MY FATHER AND I HAVE BEEN SERVED 3 SEPARATE SUITS FOR MY STUDENT LOAN DEBT I NEED HELP RESPONDING

I'm am considering in starting my business in the Wholesaling Real Estate do I need a lic:

Does the title holder of a property have to pay off HOA lien to get the property back.

How can walking away from your home after 3 years from a bankruptcy hurt you?

Do I have to appear in court?

What can i do to a tow company in california who is not paying for their credited fuel of over 40k

If a friend add my name on his bank account, and the account is levied because of me, can he get his money back?

Should I pay graduate school tuition before or after filing Chapter 7 bankruptcy?

Chapter 7 means test. I read different things. Is the IRS $200 "clunker" ownership allowance still available? 1 site said no.