Archived
I have a credit card judgement against me starting in 2008. I just paid my pickup off yesterday, can they take my only vehicle?
Patrick's answer
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Answered on July 25, 2013
Your vehicle equity is protected under the Texas property exemptions up to $30,000. Judgments are good for ten years and then can be renewed for...
Archived
Being taken to court for a credit card that is from 2001 sounds fishy cause someone paid it for 7 yrs the address is not mine
Patrick's answer
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Answered on July 25, 2013
I'm not sure what your question is here, but what you need to do is file an answer to the lawsuit. It sounds like from what you posted that the...
Archived
Are debt relief programs legal?
Patrick's answer
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Answered on July 24, 2013
There are two principal options available to consumers: 1) debt settlement/negotiation and 2) bankruptcy. The debt settlement field has a wildly...
Archived
Is a spouse responsible for their spouse's debts if the 1st spouse's name is not on the bill?
Patrick's answer
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Answered on July 23, 2013
Not typically. If you haven't made yourself contractually liable there is a very high chance that you won't be liable on the bill. There are...
Archived
Chapter7
can you still get fafsa loans after bancrucy?
Patrick's answer
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Answered on July 23, 2013
Yes you should be able to get student loans for yourself. And no you won't incur tax liability by filing bankruptcy.
Archived
HELP! Have fraud suit pending in BK court. He has now retired. Conflicting attorney info. Any hope of ever collecting judgement?
Patrick's answer
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Answered on July 23, 2013
You have to file an adversary in the bankruptcy case to determine the non-dischargeability of the debt.
Archived
Cheyenne River Indian Reservation and bankruptcy
Patrick's answer
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Answered on July 19, 2013
I've never heard of an exception to discharge for debts owed to Indian tribes. You should be able to discharge this debt.
Archived
I have been refinancing my car for a year and don't like it anymore how can I get out if it without loosing my money?
Patrick's answer
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Answered on July 19, 2013
You can't unless you sell the car for more than what it's worth and then pay off the note. If you just stop making payments the creditor will repo...
Archived
I would like to understand how multiple judgements are prioritized when assets are found.
Patrick's answer
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Answered on July 19, 2013
The general rule is "first in time, first in right." The IRS is probably going to trump everyone else. It might be worth your time to have a quick...
Archived
We are considering bankruptcy and recently met with a credit counselor who suggested debt
settlement as an alternative.
Patrick's answer
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Answered on July 19, 2013
I recommend at least talking with a BK attorney; most are going to offer you free consultations. Your 401K would be exempt in a BK and any...
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