Archived
Filing Ch. 7 BK. I owe IRS & CA. debts meet criteria and should discharge. Does it happen automatically or do I file motion
Stephen's answer
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Answered on December 15, 2011
Generally, no action needs to be taken if the taxes otherwise meet the criteria for dischargeability. Both the IRS and state do a reasonably...
Archived
I invested 40k of my money in a home for Larry and he file for Bankruptcy and put the home in the bankruptcy...Can I file a lean
Stephen's answer
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Answered on December 15, 2011
Unfortunately, you are an unsecured creditor of Larry and will most likely be discharged in his bankruptcy. Any attempt to collect on the debt,...
Archived
Co-debtor needs to attend 341 meeting?
Stephen's answer
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Answered on December 15, 2011
Only the filing debtor(s) need to attend the 341(a) Meeting of Creditors.
You are more than welcome to bring her if you choose, however, only...
Archived
Please define "current value of property without deducting exemption."
Stephen's answer
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Answered on December 15, 2011
Only claiming one item as exempt?
I strongly advise that you consult with an experienced bankruptcy attorney in your area. I stress the...
Archived
Can I be sued if I voluntarily returned my auto and credit cards,due to major health issues?
Stephen's answer
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Answered on December 15, 2011
Unfortunately, the answer is yes. If you do not pay on your credit cards they will go to collections and ultimately suit will follow. ...
Archived
Getting Married Before Bankruptcy
Stephen's answer
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Answered on December 15, 2011
It would not be improper to get married before filing bankruptcy, especially if it was something you were contemplating notwithstanding the...
Archived
CA - HOW do I notify the Lender's Trustee of my Bankruptcy filing to stop my sale date?
Stephen's answer
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Answered on December 15, 2011
First, I strongly advise that you consult with an experienced bankruptcy attorney in your area. Most bankruptcy attorneys offer a free...
Archived
Chapter 7 bankruptcy. My small s-corp & myself being be sued. The corp. has no assets & earns little $. Do we both need to file?
Stephen's answer
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Answered on December 15, 2011
Unfortunately, in today's market, there are a gazillion attorneys who have moved into the area of bankruptcy who have little or no experience....
Archived
Can I just stop paying my mortgage?
Stephen's answer
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Answered on December 14, 2011
Since the debt was discharged in the bankruptcy, you are no longer obligated to make any payments towards it.
As to your credit, since you did...
Archived
I received at bank execution for $1,377.00 on a credit card account, how do I fight not to have the whole money withheld?
Stephen's answer
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Answered on December 14, 2011
I agree with my colleague. Just to add, if you have other debts you are unable to pay you should serious consider filing bankruptcy. ...
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