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Chapter 7
Jeffrey's answer
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Answered on August 29, 2009
Mortgages, home equity lines of credit (HELOC), and credit cards can all be discharged in Chapter 7. If I understand another question that is...
How many debt companies can garnish your wages at the same time in California?
Jeffrey's answer
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Answered on August 29, 2009
It would likely only be one at a time. The maximum amount that a credit card company can garnish is 25% of your net income. If a credit card...
Archived
I have S-corp business - only debt is 2 cc & LOC (all are personally guarant). IF declared B/K - will I be affected personally?
Jeffrey's answer
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Answered on August 29, 2009
It is common for owners of small businesses to personally guarantee loans, leases and credit from lenders. It is slightly unclear from the...
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