Archived
Can a inherited IRA I got from my Dad be taken as cash in a bankruptcy. Washington State
Jacob's answer
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Answered on February 20, 2013
Recent case law has ruled that an inherited IRA can be exempted in bankruptcy just like your own IRA. However, what you are describing doing still...
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Is it legal for someone else to be served my summons papers ?
Jacob's answer
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Answered on February 18, 2013
The important factor is where your father was served. Service is valid if they serve someone of "suitable age" (doesn't have to be an adult) at...
Archived
Co-signing parents filed for Chapter 13 Bankruptcy.
Jacob's answer
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Answered on February 15, 2013
Chapter 13 has protections for co-debtors such as yourself. Your lender may be liable for violating the bankruptcy stay in your parents' case,...
Archived
Chapt 7 discharge mortgage, not reaffirmed- reported late pymts after discharge as i continue to pay 3 yrs now... damages?
Jacob's answer
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Answered on February 12, 2013
The Fair Credit Reporting Act allows for actual damages and punitive damages, but you must dispute the reporting in writing before you can...
Archived
My Husband & I are being sued for medical bill ($13K). I claimed BK 1 1/2 yrs ago. Is BK still option for Husband?
Jacob's answer
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Answered on February 12, 2013
If the debt was incurred after your own bankruptcy, this is tricky. The short answer is yes, they may be able to pursue you for the debt even if...
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Archived
My husb. and I are being sued for $12K+ for hosp bills following 3 day stay at hosp. Self Employd. Whats our best defense?
Jacob's answer
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Answered on February 12, 2013
Unfortunately, lack of an ability to pay is not a valid defense to a debt collection lawsuit. If you don't dispute that you owe the debt to the...
Pending lawsuits and selling one's home
Jacob's answer
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Answered on February 12, 2013
Avvo indicates that you live in Seattle, so I will answer accordingly. If a creditor sues you in King County Superior Court and gets a judgment...
Archived
Is it wise to try to raise funds for a significant career opportunity just before and/or during filing for Chapter 7 Bankruptcy?
Jacob's answer
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Answered on February 04, 2013
One inportant issue that you may be overlooking is the value of your copyrights. When you file for bankruptcy, all of your assets, including your...
Archived
My mortgage lender told me my HOA is trying to foreclose and a lawsuit has been filed. Shouldn't I have been served?
Jacob's answer
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Answered on February 01, 2013
It does sound like your situation is complex. Honestly, you cannot afford to not have an attorney right now. If you have little income or...
Archived
How do we fill out an asset exemption claim form for a judgement in Washington State?
Jacob's answer
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Answered on February 01, 2013
It is not clear from your answer that you fully understand what exemptions are and how they work. There is a minimal amount of money in the bank...
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