Archived
How can my company be listed as a creditor before Washington state business customer files for bankruptcy?
Pierre's answer
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Answered on November 04, 2011
You will not be able to garnish their accounts once they enter into bankruptcy. Any attempt to get a garnishment judgment against the company...
Archived
Medical bankruptcy?
Pierre's answer
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Answered on November 04, 2011
Medical bills are unsecured debt that can be discharged in a Chapter 7 bankruptcy with little problem. Assuming you have a lot of non-exempt assets...
Archived
I have 2 years left on my car payment and 5 years on bankruptcy... Will they up my payment when I pay my car off?
Pierre's answer
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Answered on November 04, 2011
You are supposed to use your total "disposable income" to pay off your unsecured creditors in a Chapter 13. If you have more disposable income at...
Archived
Apply for USA citizenshio if bankruptcy?
Pierre's answer
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Answered on November 04, 2011
It could. There is wide discretion given to the DHS on judging "moral character" of those applying for citizenship. If bankruptcy is the only...
Archived
Can u fire a bankruptcy lawyer?
Pierre's answer
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Answered on November 04, 2011
Yes, you can fire your attorney. Demand a copy of your file -- it is your information, after all -- and/or go to court and pay for a copy of all...
Archived
Payday loan threats
Pierre's answer
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Answered on November 04, 2011
I agree. There are some payday loan agencies that can be mistaken for "legitimate" businesses; the ones with storefronts generally. And the...
Archived
My husband filed ch 13 in august was confirmed in oct and got laid off yesterday... Are we allowed to withdraw his 401k?
Pierre's answer
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Answered on November 04, 2011
IRAs are generally protected in the Bankruptcy Code from a Chapter 7 liquidation. Since he no longer has the income he planned to have in his...
Selected as the best answer
Settlement on a post bankruptcy 2nd mortgage
Pierre's answer
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Answered on November 03, 2011
Yes, read the fine print and take it to a consumer lawyer to be safe. Make sure they do not re-obligate you to the loan amount before settling it...
Archived
IF I OWE $550,000 ON A HOUSE THAT IS WORTH $0 CAN I USE THE ENTIRE BALANCE TOWARDS MY DEBT OVER THE 60 MONTH MEANS TEST TIME?
Pierre's answer
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Answered on November 03, 2011
First off, I agree with both answers above.
But your situation is possibly unique. In Chapter 13, the Bankruptcy Code allows you to completely...
Archived
Foreclosure or short sale after bankruptcy
Pierre's answer
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Answered on November 03, 2011
Since your house is so far underwater, it is probably best to find other living arrangements, walk away, and let the bank foreclose. The HELOC...
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