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Bankruptcy Recent Legal Answers from Lawyers

Bankruptcy Recent Legal Answers from Lawyers
It is possible.  It will depend upon the value of your silent interest as well as a number of other factors such as what type of bankruptcy chapter you file under,  what other assets you possess, how much income you derive from the llc, etc.  My personal focus is on bankruptcy and I would be happy to answer further, however I need more details.  Feel free to contact us.... Read More
It is possible.  It will depend upon the value of your silent interest as well as a number of other factors such as what type of bankruptcy... Read More

Bankruptcy lawyer

Answered 17 days ago by attorney Michael D. Siegel   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
You can short sell it.  An NY lawyer can help.  So can a local broker experienced in short sales.
You can short sell it.  An NY lawyer can help.  So can a local broker experienced in short sales.
There are potentially serious ramfications for mishandling a bankruptcy filing.  But you can file on your own if you wish. Here's what you need to know if you wish to represent yourself in a bankruptcy case:  https://www.bklaw.com/bankruptcy-blog/2015/03/how-to-file-bankruptcy-without-an-attorney/ Here's some thoughts on why you need a bankruptcy attorney: https://www.bklaw.com/bankruptcy-blog/2011/08/need-attorney-file-bankruptcy/  ... Read More
There are potentially serious ramfications for mishandling a bankruptcy filing.  But you can file on your own if you wish. Here's what you need... Read More

Should I consider bankruptcy?

Answered 25 days ago by attorney Bankruptcy Attorney Mark J. Markus   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
Bankruptcy is definitely an option you should explore.  If you own two properties with equity there may be  too much to protect and you might need to do a Chapter 13 case, but there's no way to evalute your options in this forum.  You should have a consultation with an experienced bankruptcy attorney in your State to go over everything with you.  ... Read More
Bankruptcy is definitely an option you should explore.  If you own two properties with equity there may be  too much to protect and you... Read More
An Earnings Withholding Order is a directive to your employer to withhold the required amount from your paycheck and send it to the judgment creditor.   Typically this is 25% of your net pay.  You can file bankruptcy anytime and it will stop any future garnishments, but you usually cannot get back what is already taken prior to filing your bankruptcy. Make sure you hire an experienced bankruptcy attorney to represent you.... Read More
An Earnings Withholding Order is a directive to your employer to withhold the required amount from your paycheck and send it to the judgment... Read More
This is way too involved to address in a forum like this.  You need to have a consultation with an experienced bankruptcy attorney, or a civil litigation attorney (depending on what you are trying to accomplish--see below) in your area.    Relevant information a bankruptcy attorney will want to know is:  Was this debt listed in your bankruptcy papers?  Was this judgment entered before or after the Chapter 7 case was filed?  Did the creditor obtain an order declaring the debt to be non-dischargeable?  Is there a lien against any real estate?  If so, when was the lien recorded in relation to the bankruptcy filing? If you are merely seeking to vacate the judgment, that would have to be done in the court in which the judgment was entered, and if it was over 6 years ago, I can't imagine that you are within the statute of limitations for doing so. Anyway, if your bankruptcy case was filed in the Greater Los Angeles Area, feel free to contact me for a consultation to go over your bankruptcy options.... Read More
This is way too involved to address in a forum like this.  You need to have a consultation with an experienced bankruptcy attorney, or a civil... Read More

What is better credit consolidation or bankruptcy

Answered a month ago by attorney Matthew A. Dunaway   |   1 Answer   |  Legal Mostics: Bankruptcy Lawyer
Whether you should file bankruptcy or debt consolidation depends on your particular situation.     Once I know more about your income, debts, expenses and assets, then I could better advise you of your options.   Please feel free to call or email me if you have further questions or wish to discuss your situation in detail.  ... Read More
Whether you should file bankruptcy or debt consolidation depends on your particular situation.     Once I know more about your... Read More
Sounds like you messed up the loss mitigation if the judge told you to refile.  If you refile you can try again.  Not sure where you went wrong.
Sounds like you messed up the loss mitigation if the judge told you to refile.  If you refile you can try again.  Not sure where you went... Read More
You must answer a summons, or you will be in default.  If you have an identity theft defense, you need to assert it in the proper way.  Do not ignore it.
You must answer a summons, or you will be in default.  If you have an identity theft defense, you need to assert it in the proper way.  Do... Read More
Eligibility to file bankruptcy varies depending on which Chapter you are filing and many other factors.   Income is certainly one factor.  In order to be eligible for a Chapter 7 case you must "pass" the means test and also the current income/expense test.   As far as your assets, you must include all your assets and all your debts in any bankruptcy case.  Whether those assets would be at risk depends again on which Chapter you are filing, how much equity is in them, what exemptions you have under applicable law, and other factors.   The only way to determine your options, eligibility, risks and benefits is to have a consultation with an experienced bankruptcy attorney in your state.  Most bankruptcy attorneys offer free initial consultations as do I.... Read More
Eligibility to file bankruptcy varies depending on which Chapter you are filing and many other factors.   Income is certainly one... Read More

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