Archived
My father passed away three years ago naming me as the sole beneficiary. Will my wife be able to go after this estate.
Dallas's answer
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Answered on April 11, 2016
Normally, inheritance goes to the named beneficiary, and for the issue (child or children) of the decedent, the inheritance you receive is your...
Archived
Is there any benefit to waiting to declare chapter 7 bankruptcy in the new year? Versus December of this year?
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Answered on November 25, 2014
As others have answered, it depends. Sometimes we have clients wait to file because of a statute of limitations that we would like to have expired...
Archived
In the state of washington does your credit card debt come off your credit report in 4 years
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Answered on November 16, 2014
Items can stay on your credit for up to ten years. What you should be concerned about is getting rid of debts you cannot pay so that the reporting...
Archived
I have a summons for a credit card debt that was under a corporation
They said I was the signer for the corp.
Dallas's answer
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Answered on November 15, 2014
The statute of limitation is 6 years on most contracts (Revised Code of Washington "RCW" 4.16.040) with an important exception, the statute of...
Archived
What happens/can I do, if I occurred a debt during my chapter 7 before it was discharged?
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Answered on November 07, 2014
The debt is a post-petition debt, which means that you incurred it after you filed your bankruptcy, so it is not covered by the bankruptcy...
Archived
Im in chapter 13 & mortage co wants to give me a forgivness debt release on 2nd mortage.. will i owe taxes after discharge
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Answered on October 31, 2014
Since you are in Chapter 13, you are insolvent, so file a form 982 with your taxes and any tax liability will go away. See your CPA for further...
Archived
The IRS and California FTB assessed me $3O million in taxes. Can they be discharged in Chapter 7?
Dallas's answer
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Answered on October 15, 2014
Since your case is so time line and facts driven, I would need tax transcripts from the IRS and the state of California. These are not hard to get...
Archived
Closing s corp with credit card debt is the president/signer liable
Dallas's answer
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Answered on October 14, 2014
It depends on what the President signed. If he/she signed a personal guarantee, then he/she would be liable. You will need to get out your file...
Archived
Bankruptcy-expenses
Dallas's answer
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Answered on October 09, 2014
On the expenses schedule, Schedule J, you need to honestly list your current expenses. In the means test, if you are above the median income, it...
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Archived
A bank has sued me for a car loan after we have set up payments for remaining balance.
Dallas's answer
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Answered on October 06, 2014
Get your proof of payments together (check copies, etc/bank statements that show the withdrawals and then call the attorney and talk to them about...
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