Archived
Is there anyway to hold my ex accountable for student loans that i cosigned on and now only I am paying them back?
Robert's answer
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Answered on August 07, 2014
What does the divorce decree say about who is responsible to pay the loans? If they were assigned to your ex-wife in the settlement agreement, you...
Archived
Which (or both) is best way for my wife own 50% of the house and pass to her upon my death-- Joint Tenancy or Living Trust?
Robert's answer
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Answered on August 04, 2014
In almost every case a living trust is the better way to go. If your wife were to become incapacitated, you wouldn't be able to sell the house or...
Archived
Credit card debt question
Robert's answer
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Answered on August 04, 2014
Find a good bankruptcy attorney and file a chapter 7. You are not alone in the financial services industry. i have filed bankruptcy on behalf of...
Archived
I am filing bankruptcy in CA. My only concern is the duplex that I live in with 2co-signers (3 people on the loan).
Robert's answer
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Answered on August 01, 2014
Here is how the Trustee will look at that property: Figure out fair market value, then subtract 8% as a cost of sale. From the balance, subtract...
Archived
Im being sued by BOA. please help
Robert's answer
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Answered on July 31, 2014
A lot is going to depend on when the house was sold because the law of which you speak was passed two years ago. (as I recall; i may be off on the...
Archived
What happens if I file bankruptcy and I have a credit card that is opened as a joint card with someone I am not married to?
Robert's answer
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Answered on July 29, 2014
If the other person was merely an "authorized user" instead of a joint debtor, then that person may be off the hook. The way to find out is to run...
Archived
Must I file separate bankruptcy petitions for my LLC and myself?
Robert's answer
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Answered on July 25, 2014
File for yourself and dissolve the LLC . If it has no assets there is no need to file a bankruptcy for it. Remember, however, that you will be...
Archived
How late can I be on my mortgage, before it shows on my credit?
Robert's answer
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Answered on July 24, 2014
It will ,show on your credit once you are thirty days late. Some lenders are a little more aggressive in reporting lates than others..
Archived
I am filing for bankruptcy and I have been told that I can file chapter 7, but others tell me that chapter 13 is the bet option.
Robert's answer
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Answered on July 24, 2014
We have two different exemption statues in California, called 703 or 704 exemptions. You can use one or the other but not both. Which one you use...
Archived
Possible in chapter 7 bankruptcy to discharge old taxes where IRS filed a substitute return? Talking about 2004-2007 taxes.
Robert's answer
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Answered on July 22, 2014
You need to speak with a very experienced bankruptcy/tax attorney. There is no way I would be able to answer your question without a thorough...
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