Questions answered by Ted A Troutman

Archived

Credit card and mortgage

Ted's answer | Answered on February 25, 2013

Failing to pay your credit card debt or mortgage is not a crime. You should check with a local bankruptcy attorney to see what your options are.

Archived

I am considering bankruptcy. I am self employed. I have an IRA that I inherited. Will I lose that?

Ted's answer | Answered on February 22, 2013

If the IRA is a qualified retirement account it should be exempt and the trustee will not be able to take it. You should meet with a qualified...

Archived

I live in Florida , my divorce is not final , we have two separate house holds . Do I have to wait to file bankruptcy ? ?

Ted's answer | Answered on February 22, 2013

If you are separated you do not have to list your spouses income on the B22 means test to determine if you qualify for chapter 7. You should talk...

Archived

If my ex-spouse just filed bankruptcy, can her trustee seize the class action settlement money that we were BOTH just awarded.

Ted's answer | Answered on February 20, 2013

The trustee will be able to take her half of the settlement unless she is able to claim part of it exempt. The trustee should not able to take your...

Archived

Can a inherited IRA I got from my Dad be taken as cash in a bankruptcy. Washington State

Ted's answer | Answered on February 20, 2013

As long as the inherited IRA is a qualified retirement account you will be able to exempt it in your bankruptcy. You need to consult with an...

Archived

Can a bankruptcy stop a writ of possession

Ted's answer | Answered on February 13, 2013

The bankruptcy does not stop continuation of the writ pursuant to 11 USC 362(b)22 unless you file with the petition and serves the lessor a...

Archived

How do I know if chapter 13 is the best option to stop forclosure?

Ted's answer | Answered on February 05, 2013

You should call an experienced chapter 13 attorney and see what your best option is. Most attorneys that practice bankruptcy will offer a free...

Archived

When filing for bankruptcy should you wait to make any withdrawals from bank accounts till after speaking with attorney?

Ted's answer | Answered on January 22, 2013

I think it would be a good idea to wait. If she withdraws cash she should keep a detailed record of what she spends it on and also she will need...

Archived

My first mortage balance is 59000.00 my second is 19000.00 can i bankrupt the 2nd one with Beneficial and still keep the house?

Ted's answer | Answered on January 14, 2013

If you file chapter 7 your personal liability on the 2nd loan will be removed but it will remain a lien on the property. You could strip the lien...

Archived

Can I get a driver license suspension reversed if I file for bankruptcy?

Ted's answer | Answered on January 08, 2013

You need to talk to a bankruptcy attorney in your area. In Oregon if your license is suspended for a failure to pay a uninsured accident judgment...

Ted A Troutman's Answers (207)

Credit card and mortgage

I am considering bankruptcy. I am self employed. I have an IRA that I inherited. Will I lose that?

I live in Florida , my divorce is not final , we have two separate house holds . Do I have to wait to file bankruptcy ? ?

If my ex-spouse just filed bankruptcy, can her trustee seize the class action settlement money that we were BOTH just awarded.

Can a inherited IRA I got from my Dad be taken as cash in a bankruptcy. Washington State

Can a bankruptcy stop a writ of possession

How do I know if chapter 13 is the best option to stop forclosure?

When filing for bankruptcy should you wait to make any withdrawals from bank accounts till after speaking with attorney?

My first mortage balance is 59000.00 my second is 19000.00 can i bankrupt the 2nd one with Beneficial and still keep the house?

Can I get a driver license suspension reversed if I file for bankruptcy?