I was sued by cc company,can i still request an settlement amount,and will I be taxed on the balance,per irs?

The amount of your debt that would be forgiven in a settlement would be taxable income to you. For example, if you had a $10,000 debt and settled...

Is there a significant impact in a Chapter 7 bankruptcy if an unsecured creditor is erroneously listed as secured?

You're confusing "secured" and "unsecured" in the context of a Chapter 13 bankruptcy in which you can "strip" unsecured liens (the classification...

Can I convert a my Chapter 13 filed in Georgia to a Chapter 7, since I recently moved to California?

You may have grounds for having your Chapter 13 payment reduced, but many factors would need to be considered. You also could convert to a Chapter...

Chapter 13 Questions

You've received two excellent answers form attorneys Goldstein and Dunne., both of whom include in their answers that it's a very poor choice to...

I just received papers for wage garnishment from a credit card firm. i am considering bankruptcy. please respond asap.

Having your wages garnished is no fun and is one of the main "triggers" that get people to think about filing bankruptcy. There's no way to tell...

I have a rental property in Richmond, CA, can I continue to collect rent after I file for bankruptcy? Is there a law or code?

You can "reaffirm" that agreement with the rental company and all should be fine. That is as long as you're going to be able to keep ownership of...

Question regarding signed contracts

If the loan is a federal student loan, the government has the right to start a wage garnishment without a lawsuit. They must mail you written...

Bankruptcy Chapter 7 College Support for Son

You really need to retain a bankruptcy attorney to discuss that and other issues that arise. A Chapter 7 bankruptcy can be loaded with dangers for...

Bankruptcy: I give my Dad $150 a month for his meds. What kind of information do I need to bring to the bankrupt trustee?

That's the kind of question you'd ask your bankruptcy attorney. Trustees are all different, and your attorney should tell you what you should have...

My sense is that he'd want the pay stubs for money paid in the month of August, but you should ask your own attorney instead of asking here..