Archived
My Biz partner left our biz assuming credit card debt in his name. What is the accounting entry to remove his CC's from books?
Patrick's answer
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Answered on January 31, 2013
This is an accounting question and not a legal question.
Archived
What is my rights if my BK was closed without discharge due to a missing financial class certificate? I have a car reaffirmation
Patrick's answer
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Answered on January 31, 2013
The court sends out a notice to you in the mail if you haven't taken the second credit counseling course. You should have received it unless you...
Archived
Is there a way to find out if a debt is owed and will show up that it is owed when filing your taxes.
Patrick's answer
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Answered on January 30, 2013
Run a credit report. http://www.consumer.ftc.gov/articles/0155-free-credit-reports.
Archived
How much time do I have from the time a default judgement is filed against you to file bankruptcy or try to take care of it?
Patrick's answer
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Answered on January 28, 2013
The most attractive target for garnishment is going to be any of your bank accounts. From the time the default judgment is filed, it will typically...
Archived
I filed ch 7 and had debt discharged. can i do a 'short sale' on my 2nd mort. and then reaffirm the 1st to stay in my home?
Patrick's answer
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Answered on January 28, 2013
A short sale is a process where you actually sell your home so I don't think it would do you much good given that it sounds like you want to keep...
Archived
How long do I have to wait to reactivate a dormant account from a bank that was filed in bankruptcy. need to know a safe time
Patrick's answer
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Answered on January 25, 2013
After you file. For setoff, creditors are limited to pre-petition deposits to satisfy pre-petition debts. Hope this helps and best of luck!
Archived
Chapter 7 - I surrendered condo back to lender. The lender has called a hearing prior to the discharge date. Is this normal?
Patrick's answer
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Answered on January 25, 2013
Yes a motion for relief from stay is a commonly filed motion with the courts.
Archived
I sued a store for a $800 bedframe I never received. I won the lawsuit, but they filed bankruptcy. How do I get my money?
Patrick's answer
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Answered on January 25, 2013
Was it the store that filed bankruptcy or the owners? You would have to file a claim in their bankruptcy or object to their discharge on the basis...
Archived
Can I keep my tax return to catch up on my mortgage after I've filed chapter 7 bankruptcy
Patrick's answer
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Answered on January 24, 2013
I would just add that if you are behind on your house payments that the creditor will file a motion to lift stay to foreclose on your house. You...
Archived
Am I responsible for paying off deceased father's collection?
Patrick's answer
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Answered on January 24, 2013
Don't pay this at all unless you are also liable on the agreement your father signed! You are not responsible for other people's debts unless you...
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