Archived
Can wife's personal debt be deducted on line 13 form 22C marital adjustment if only the husband had filed ?
Michael's answer
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Answered on February 01, 2009
The question you have asked reveals something - you may be attempting to file a chapter 13 without an attorney. That's an extremely bad idea. The...
Archived
What to do before bankruptcy?
Michael's answer
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Answered on February 01, 2009
SBA loans are the only thing i'm aware of, but there may be some further stimulus checks coming from our increasingly insolvent federal government....
Archived
I received a 1099 from Cap 1 for a bankruptcy in 2005 - states bad debt write off 12/2008
Michael's answer
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Answered on February 01, 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
Recieved a cancelation of debt tax form in 2008 from company included in chapter 7 filed in 2006
Michael's answer
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Answered on February 01, 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
Does debt consolidation avoid part of the bad credit rating incurred by chapter 7 or 13
Michael's answer
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Answered on February 01, 2009
Every bankruptcy attorney will tell you 'no' and every credit counselor will tell you 'yes', but i'll try to be as objective as possible. Credit...
Archived
Is a home protected in florida from creditors, whether in bankruptcy or not?
Michael's answer
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Answered on February 01, 2009
The short and simple answer is yes. Now for the complex and nuanced answer. If you specifically want to know if a credit card can get a judgment...
Archived
Add forgotten debt to Chapter 13
Michael's answer
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Answered on December 27, 2008
Since I am not admitted in your state, I can only provide you a general outline for your situation. Amending the bankruptcy petition to list the...
Archived
Is a judgment creditor allowed to deny my request for setting up payment arrangements
Michael's answer
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Answered on December 26, 2008
I can only give a general answer since I am not admitted in your state. Generally, a debt collector has no obligation to take the offer you make...
Archived
Filing bankruptcy when you own S-corp and are paid from such
Michael's answer
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Answered on December 26, 2008
This answer is free advice and does not create an attorney-client relationship. Most S-corp owners who end up in financial trouble are typically...
Archived
Debt settlement company, how does it work
Michael's answer
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Answered on December 26, 2008
Some people may disagree with me, but I do not view these services kindly. Usually, the people seeking their help have multiple accounts, each...
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