Father left son with a $12,000 credit card debt
My husband recently found out that his father had been holding on to a credit card that he and his father jointly owned while my husband was in college 14 years ago. My husband was the primary owner and his father was the secondary owner. My husband no longer had possession of the card once he left college and was not aware that his father retained the card and used it for balance transfers and more recently for a cash advance into his (the father's) checking account.
Categories: Mortgage Tags: account, bankruptcy, card, Credit, credit-card, father, from-the-credit, his-father, signature
Ex filing bankruptcy?
I have a friend who went through a divorce a few years ago. When she was married, she had signed as secondary co-applicant for his truck. After their divorce, the judge telling her she was not liable for his debts, etc., she was surprised to see her credit score was damaged severely because he stopped paying on the truck and split town(the state even!), and the truck was repo'd.
Categories: General Credit Tags: bankruptcy, bankruptcy-how, credit-score, divorce, his-bankruptcy, research, scenario, seeking-damages, stopped-paying, truck, went-through
Who ownes the receivable?
We are MI based and have a friend who runs a similar company in Arizona. They have asked us if we would be interested in purchasing their receivables thereby acting as a Factoring Company. We’ve never done this but we are interested because of how fiscally well run they are.
Categories: Mortgage Tags: bankruptcy, business-loans, creditors, creditors-place, offing, purchased, receivables, the-purchased, Understanding
Chapter 7 and Shareholder Stock
My husband & I filed Chapter 7 seperately in 2008. At that time my husband had a small share of stock in a family business.
Categories: Mortgage Tags: bankruptcy, capital-gain, Correct, family, family-business, husband-had, Stock, stock-sale, trustee
s corp 11 bankruptcy
Have business that is current on all debt and is making 120k profit per year with increased profit probable this year.
Categories: Mortgage Tags: bank-holding, bank-refuses, bankruptcy, Banks, being-made, CLOCK, debt, every-payment, extend-or-renew, making-120k, other-banks, profit-per, renew-despite, start-business, Year
Return of security deposit from Chapter 11 landlord
I moved from my last apt. in June at end of lease term
Categories: Mortgage Tags: attorneys, bankruptcy, being-returned, Current, effective-date, landlord-tenant, listed-as-one, since-landlord, the-discharge
How to Prevent My Paycheck From Being Garnished…
I need some advice on wage garnishment.. I had a judgment put against me by a debt collector in the beginning of December for 4500.00 I just pled that the debt was mine due to the fact that I was going to file bankruptcy when my taxes came in.
Categories: Mortgage Tags: advice-on-wage, another-court, bankruptcy, check, debt-collector, fact, file-bankruptcy, paycheck, taxes, the-beginning
Wildcard Exemption question
As I read it, there is a wildcard exemption of $5,000 of unused homestead or burial exemption, plus $500 of any personal property. Now the amount of the homestead exemption is $18,500 since I am filing jointly and both the wife and I "own" the home.
Categories: Mortgage Tags: bankruptcy, bit-confused, clothes, currently-worth, house, Mortgage, Property, the-homestead
Want to use tax return to pay down back payments on home loan
I am in the process of filling out the bankruptcy forms. I will be doing this with no attorney. I have a question regarding filing my tax return.
Categories: Mortgage Tags: back-payments, bankruptcy, classes-before, entire, entire-return, process, return-before, she-withdrew
How long does lender have to place a lien or bring deficiency action after short sal?
We just sold our house in a short sale and it had a primary mortgage, as well as a home equity line of credit (two different lenders).
Categories: Mortgage Tags: action-brought, bankruptcy, home-equity, house, lien-or-bring, long-does, Mortgage, mortgage-holder, our-house, secondary, short-sale, the-secondary, two-different