Archived
My Business partner and I have recieved a civil court summons from a private party who loaned our company money.
Joycelyn's answer
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Answered on January 14, 2011
First consult an attorney in your state to determine whether it is best to respond on your own or with the aid of counsel. Whatever you do, make...
Archived
Breach of contract
Joycelyn's answer
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Answered on December 08, 2010
Typtcally, the statute of limitations for a breach of contract is 4 years. You should discuss this situation in greater detail with an attorney to...
Archived
What assets can be collected in a deficiency judgement?
Joycelyn's answer
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Answered on December 08, 2010
In short they can garnish all personal assets including wages and bank accounts. In Georgia they can garnish up to 25% of your pre-tax earnings. ...
Archived
My husband and I are upside down on our mortgage and the house is to small due to having another child.
Joycelyn's answer
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Answered on September 21, 2010
Filing a bankruptcy will cease any efforts to short sale a home because of the automatic stay against collections. If you are still evaluating...
Archived
What can I do about losing money invested in a real estate deal now filing for bankruptcy?
Joycelyn's answer
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Answered on September 21, 2010
Well the tax consultant would let you know what the tax consequences of this would be. As a bankruptcy practitioner, I would suggest you file a...
Archived
Is it true that if you make too much money in Georgia you cannot file bankruptcy?
Joycelyn's answer
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Answered on May 27, 2010
While there are income requirements, there are other elements to consider regarding whether you can file bankruptcy and which chapter would be...
Archived
3 business partners versus 1
Joycelyn's answer
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Answered on May 25, 2010
Hopefully before getting into business together you all drafted a partnership agreement. In that agreement, there should be provisions regarding...
Archived
I filed Bankruptcy in June of 2006 and would like to know if I am able to file again?
Joycelyn's answer
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Answered on May 04, 2010
As the other parties have stated, a lot will depend on what you filed in the past. The best thing to do right now is to visit a bankruptcy...
Archived
My husband is sole office 7 guantor of s corp, am I, his wife responsible for his debts in bankruptcy?
Joycelyn's answer
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Answered on April 24, 2010
This answer would depend on whether you are an officer in the corporation and whether you signed any of the loan agreements for the business. You...
Archived
Will my car be repossessed if my Chapter 13 Plan is discharged?
Joycelyn's answer
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Answered on April 24, 2010
If your case is dismissed without the arrears being fully paid, the lender still has the right of repossession. Whether they will exercise this...
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