Archived
I have monies set a side in an MMK Account and I am wondering if I should have it as I have been served wtih paper for a foreclo
Michael's answer
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Answered on October 02, 2010
Your answer involves 2 elements - will a foreclosure result in a deficiency judgment that will be enforceable against your assets, and is money in...
Archived
Can the second mortgage Lien my home if it was discharged in BK and my ex spouse signed a quite claim deed?
Michael's answer
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Answered on May 04, 2010
Mr. Nager is correct - it is possible to "strip off" a second mortgage from a home without equity in a Chapter 13 (and I have heard of one attorney...
Archived
What should i do
Michael's answer
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Answered on May 04, 2010
Unfortunately, you have a difficult problem. It was your responsibility under your contract to keep adequate insurance on a vehicle that's...
Archived
Property outside the United States borders.
Michael's answer
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Answered on May 04, 2010
Land located outside the United States is (generally) subject to your creditors claims in Florida. If a creditor obtains a judgment against you,...
Archived
My Wife is filing a Bankruptcy in the state of Florida and I just file a personal injured lawsuit, it is my compensation in risk
Michael's answer
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Answered on April 06, 2010
I think Mr. Miller meant that as long as you were not filing a joint bankruptcy case with your wife, your assets would not become part of the...
Archived
We have now filed for bankruptcy and the house is in foreclosure. Does the bankruptcy merely stay the foreclosure ?
Michael's answer
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Answered on November 13, 2009
The creditor has the right to file a motion for relief from stay inorder to get permission to continue the foreclosure case. They normally would...
Archived
A friend has a judgment on her licence of 20k has no way to pay...what can she do? bankruptcy?
Michael's answer
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Answered on November 13, 2009
Florida will permit the reinstatement of driving priveleges in this situation after a bankruptcy filing, if the debt was the result of having...
Archived
Help on Form 982 - CH7 personal bankruptcy discharged; received 1099-C on credit debt.
Michael's answer
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Answered on October 31, 2009
Many people receive these 1099s for 'discharge of indebtedness' income, but many are not required to claim it as income. There are two exceptions....
Archived
I have a CCJ against me what can the debtor legally garnish?
Michael's answer
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Answered on October 31, 2009
Under Florida law, wage garnishment is possible, if you do not provide more than one half of the support for dependents in your household. You may...
Archived
Are Private student loans dischargeable in Bankruptcy proceeding?
Michael's answer
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Answered on October 06, 2009
The bankruptcy code provides that:
"(8) unless excepting such debt from discharge under this paragraph would impose an undue hardship on the...
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