Archived
My ex has already filed the papers of divorce. We have a large tax debt that a tax attorniey is working on. I was told by my ex
Bruce's answer
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Answered on August 17, 2011
You can still get divorced.
However, in your divorce proceeding you and your former spouse will need to agree on the liablity for the tax debt.
Archived
Employer Not paying my wages
Bruce's answer
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Answered on August 17, 2011
If you are willing to complete paperwork, go to the Labor Commissioners office in your local area and complete the forms necessary to make a claim...
Archived
Am I legally responsible for my fathers business obligations and debts? He left no will and has no assets.
Bruce's answer
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Answered on August 17, 2011
No. You are not responsible for your fathers debts. Any debtos or obligations would be that of his estate (his assets at death ould be his...
Archived
If I sold my share of a s-corp back to the company in the middle of the year, do I still have to report portion of year income?
Bruce's answer
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Answered on August 17, 2011
Yes.
The income/loss for the year should be pro-rated to you. Meaning that since you no longer own an interest after the sale of the stock...
Archived
Consequences of bad debt
Bruce's answer
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Answered on August 16, 2011
Not unless he is committing fraud in obtaining credit.
It may be best to file a Chapter 7 BK. A debtor in Chapter 7 has to complete 2 credit...
Archived
I have a small business debt, but I have closed the business due to the economy.
Bruce's answer
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Answered on August 16, 2011
BK is an option, but I would only advise it if you have other significant unsecured debts that you want to discharge as well. An amount of over...
Will a lien from HOA show on my credit report?
Bruce's answer
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Answered on August 16, 2011
Yes. You owe the HOA fees and it is a valid debt.
HOA fees prior to filing for BK are dischargeable, but HOA fees post filing for BK are still...
Archived
If the value of my sole prop. assets is > the ch.7 bankruptcy exempt amt, may I keep assets by paying trustee difference
Bruce's answer
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Answered on August 16, 2011
Yes. It may be more efficient to do so as the Chapter 7 trustee would have to collect the assets and liquidate them which is time consuming and...
Archived
Will a motion to vacate a judgment work for me?
Bruce's answer
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Answered on August 16, 2011
You would have to check on the original judgment and when it was issued. Judgments are good for 7 years.
The original judgment would have to be...
How can I proof my daughter lives with me for the IRS
Bruce's answer
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Answered on August 16, 2011
A sworn statement from you (called a declaration) may be sufficient regarding the fact that your daughter lives with you. A statement from a third...
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