Q. What assets will I be able to keep if I file for bankruptcy?
Many debtors in Chapter 7 get to keep all of their assets. As long as they can afford to keep them, debtors in Chapter 13 usually get to keep all of their assets. What you can keep in Chapter 7 all...
View ArticleQ. What happens if a person who files for bankruptcy wins the lottery? Can he...
The lottery winnings should be yours, as long as they are won after your discharge. If you've just filed a Chapter 13, the discharge could be 5 years away. If the lottery win happened during the course...
View ArticleQ. If you file for chapter 7 bankruptcy, during the process, can you purchase...
Yes, you could redeem the house. As the previous attorney mentioned, you would attract scrutiny if this was a large transaction and you'd need to make sure the source of money was legitimate, and...
View ArticleQ. After given a 3 day to pay or vacate notice, how long do I actually have...
It generally takes several weeks before the sheriff will come and actually evict / put you stuff out on the curb. The answer to your question is: it depends on several factors, one of which is which...
View ArticleQ. "Charged-Off" real estate debt--What are my options? In 2013, my home was...
Many people in you situation in 2013 would have filed for bankruptcy so that the 2nd mortgage would have been completely removed / discharged. Then the creditor would not have any recourse to you...
View ArticleQ. Can a consulting firm employ a consultant as Exempt and hourly, paying...
If you are an exempt employee, that means that your employer does not have to pay you overtime rates (i.e. time and a half for weekly hours over 40) or the minimum wage. In order to classify you as an...
View ArticleQ. My stepfather owns his home, but the electric bill is in my mother's name,...
No. If she's there and has utilities in her name then she probably had a right to be there at some point. She would have to be removed with proper notice and due process. Additionally, if your mother...
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