Should I dispute potentially negative items which are correct on my credit report ?

Disputing items on a credit report should be reserved for occasions when there is an actual error. Over time negative items will fall off the...

Do i have to have a lawyer during foreclosure

A bankruptcy lawyer can help a creditor obtain the right to foreclose on a debtor's property during a bankruptcy. Filing a motion for relief from...

Can my ex-wife sue me for something she bought in her name while we were married?

Most debts incurred during marriage are presumed to be the responsibility of both spouses. Only if there was a specific agreement that the debt...

CA Franchise Tax Board Levied checking account 3 / 1 , if I file a CH 7 , when will Levy be released .

To remove a lien or control how tax debt is paid a chapter 13 is usually needed, unless the tax debt is old enough and it meets all of the other...

CREATOR of an irrevocable trust which still has a mortgage on the property, have to put the irrevocable trust in bankruptcy?

Homes can be retained in chapter 7 as long as the equity does not exceed the homestead exemption and as long as the debtor remains current on the...

How can I legally purchase my father's bankruptcy assets?

Motion to sell is a good way if he is in chapter 11. If in a chapter 13 then father can list that the proeperty will be sold for fair market value...

I can not afford my mortgage. My house included in chapt 7 bk

Mortgages that are listed in the chapter 7 are no longer the personal liability of the debtor once the chapter 7 discharge is received. So when...

Are creditors who have accepted a e of what is owed required to send income records to the IRS and person who account was paid

Creditors need to submit reports to the IRS when they forgive debt. Otherwise it would unusual for a creditor to give your account info to the IRS.

Can we spend exempt portion of tax return?

All property is estate property, not your property, when you file the bankruptcy. Once your exemptions a finally accepted (the objection period...

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Can a NOTICE OF LEVY attach or take money from my checking account or possess my 6 and 13 year old cars?

You bank accounts are at risk. Have an attorney look at the exemptions and file them ASAP.