As the successor trustee of a family trust with several beneficiaries, what happens if I declare personal bankruptcy?
Alan's answer
|
Answered on February 11, 2014
Section 541(b)(1) specifically states that "property of the estate does NOT include any power that the debtor may exercise solely for the benefit...
Selected as the best answer
Archived
Is this really serious? ! Am I in trouble for this prank?
Alan's answer
|
Answered on January 23, 2014
There is always two sides to every story. I imagine there are many facts left out here. I recommend contacting a criminal defense attorney.
A car dealer ran my credit through 10 different banks causing a drop in my credit score. Can they do this? What can I do now?
Alan's answer
|
Answered on January 23, 2014
I am guessing there is something else that dropped your score, such as a new home address or a missed payment.
Archived
I am being sued by my bank. Will I need a lawyer to appear with me in court or can I pay my bank back directly to avoid court?
Alan's answer
|
Answered on January 23, 2014
You can call the bank and offer them to payment in full and costs of the lawsuit in return for them dismissing the case.
Does a lien follow property if owners change? Will title search show lien only?
Alan's answer
|
Answered on January 23, 2014
Generally, when encumbered real property is transferred, the encumberance runs with the property. The lien holder can choose to foreclose, and if...
Archived
A pay day loan has been sent to a lawyer, now it has been placed as a judgment in the court system. How do you resolve this iss?
Alan's answer
|
Answered on January 23, 2014
Without more facts, it will be difficult to answer your question. I recommend you contact a Tempe attorney for help.
Archived
Will a creditor that is suing us have any affect when we close on the purchase of our house next friday?
Alan's answer
|
Answered on January 23, 2014
You should review your loan documents and escrow documents to see if you promised to keep the bank notified of anything that could affect your...
Archived
What are my rights with a collection agency? Can a collection agency in France collect from me in the United States?
Alan's answer
|
Answered on January 23, 2014
Unless you scratched the rear view mirror of a Pagani Huarya, it is unlikely that the collection agency will sue you. Litigation against a foreign...
Archived
Bankruptcy: Tenant moved months ago, left things, now filed bankruptcy. What is procedure for handling his personal property?
Alan's answer
|
Answered on January 23, 2014
Ask the Chapter 7 trustee to abandon the property, because that is the cheapest and easiest route for you.
Can a Hospital in Ohio send you to collections when your making a payment every month just not as much as they want?
Alan's answer
|
Answered on January 23, 2014
Yes, the hospital can do that. Generally, the beneficiary of a debt can assign his interest freely. Here, the hospital probably needs money now for...
Ad
Transform legal challenges into solutions.
Connect now to review your situation.
The Avvo Rating explained
The Avvo Rating explained