Does my sister need to take a loan to make sure we each receive 50% of our parents' trust, even when she has the money to cover?
I am not sure who gave you the advice, but ti doesn't sound right to me. Attorney James has a good analysis.
Cathedral City, CA
Estate planning Lawyer at Cathedral City, CA
Practice Areas: Estate Planning, Bankruptcy & Debt ... +3 more
I am not sure who gave you the advice, but ti doesn't sound right to me. Attorney James has a good analysis.
Too many moving parts in your question. I suggest that you sit down with an experienced bankruptcy attorney to sort out the fact pattern.
If you are set up as a sole proprietor and you have employees, the answer is no, but as a work around set up an LLC or a corporation which can then...
Forming an LLC transferring the debts to it and then filing bankruptcy on the LLC will not get you off personal liability. You need to see an...
Be sure to have your attorney list the mortgage liability on your bankruptcy petition and you will get a discharge on that debt as well.
I agree with Attorney James and caution you that you could be creating a huge tax liability for your son if you gift the property to your son while...
first and foremost you need to talk to a bankruptcy attorney in your area to see if bankruptcy is a viable option for you. Go on AVVO to find one...
I agree with attorney Rode. It is only money and not worth killing yourself over. Things are not nearly as bad as you think. I suggest that you...
If your father had trusts, you are entitled to a copy. If your father had a will, then it must be lodged with the probate clerk of the county in...
Sounds like you are trying to file bankruptcy without the benefit of a lawyer. Play it safe and retain one. For the record, as long as it is not a...