Questions answered by Malcolm Ruthven

Archived

Can my son and I do a Ch 13 bankruptcy? We are partners on our upside-down home loan mortgage.

Malcolm's answer | Answered on July 27, 2013

From the facts you give, you should be able to "strip" the lien from the second mortgage loan, turning it into unsecured debt (like credit cards)...

Archived

If i file a bankruptcy can i include my current lease car

Malcolm's answer | Answered on July 25, 2013

You would have to "include" the car lease in your bankruptcy filing. You would have the choice to assume (continue) the lease or not. I recommend...

Archived

Its seems bankruptcy is my only option?

Malcolm's answer | Answered on July 22, 2013

You definitely should consult with a qualified bankruptcy attorney in your area to discuss your entire financial situation and see if bankruptcy...

Archived

Do u /should u stop paying bills (credit cards, medical bills, and mortgages that r current) before bankruptcy?

Malcolm's answer | Answered on July 21, 2013

You've received two very good answers. I'll add that you need a consultation with an experienced bankruptcy attorney in your area to determine if...

Archived

Would Social Security Disability income count towards Ch.13, and if so then how?

Malcolm's answer | Answered on July 21, 2013

You've received a very good answer from attorney Walter Oney. I'll add that you didn't say why you were filing a Chapter 13 instead of a Chapter 7....

Archived

If I file BK now, how will that affect me if I need to sign up for a loan for my children going to college in 6 years?

Malcolm's answer | Answered on July 19, 2013

Attorney Brian Whitaker gave you a very good answer. I'll second the point that bankruptcy would likely improve your credit rating over time...

Archived

Hello I owed my cc 15K, my wife owed 10K in her own cc. Payments already behind. Do i need to file a BK or Consolidation. Thanks

Malcolm's answer | Answered on July 17, 2013

As another reply said, filing bankruptcy would probably be the least expensive way to get rid of your credit card debts, to say nothing of the fact...

Archived

Chapter 13 due to medical bills and to save have house. Can we keep credit cards?

Malcolm's answer | Answered on July 16, 2013

You've received three very good answers. I'll add to those that in a Chapter 13, you could pay off your back HOA payments monthly over the term of...

Archived

I owe lots of money. Will filing for bankruptcy help me?

Malcolm's answer | Answered on July 08, 2013

A Chapter 7 bankruptcy would eliminate most of your non-tax debts (and possibly those if they're old enough). The possible personal injury award...

Archived

What is the Means Test? How can I save my home if there is equity on it?

Malcolm's answer | Answered on July 03, 2013

I assume that what Brian Whitaker is correct, that you switched chapters in your question, that you filed a Chapter 7 and the trustee is requesting...

Malcolm Ruthven's Answers (817)

Can my son and I do a Ch 13 bankruptcy? We are partners on our upside-down home loan mortgage.

If i file a bankruptcy can i include my current lease car

Its seems bankruptcy is my only option?

Do u /should u stop paying bills (credit cards, medical bills, and mortgages that r current) before bankruptcy?

Would Social Security Disability income count towards Ch.13, and if so then how?

If I file BK now, how will that affect me if I need to sign up for a loan for my children going to college in 6 years?

Hello I owed my cc 15K, my wife owed 10K in her own cc. Payments already behind. Do i need to file a BK or Consolidation. Thanks

Chapter 13 due to medical bills and to save have house. Can we keep credit cards?

I owe lots of money. Will filing for bankruptcy help me?

What is the Means Test? How can I save my home if there is equity on it?