It turns out though that a huge contract that was on the books at the time in which payment was in arrears finally came through - I did some work on the contract before I left. Am I entitled to some of that money now?
The short answer is you don't. That is the point of bankruptcy -- to not pay your debts. The long answer is that if there is a basis to seek non-discharge of the claim, you can make a complaint to do so.
Need advice. I sold my home to a cash buyer. we both signed contract and everything was moving along. In the contract it stated the house was to be sold "as is, and no reduction in purchase price or claim of any kind for any change in such condition," etc...Basically the buyer knew I didnt want to... Read more »
I recently moved away from New York, and broke my lease at my apartment by doing so. My landlord is keeping my security +last month's rent deposits. However, I was required to continue to pay rent for the two months before he found a new tenant (who he wanted to pay a higher rent, which made it... Read more »
As a %50 beneficiary of a revocable trust in New York State, what are my rights? The grantor of the trust passed away in 2015. Do I have a right to a copy of trust documents and an accounting. My trustee does not seem to know the answer, and the attorneys that penned the trust are not responding... Read more »
Can you clarify if the Grantor/Trustee is deceased or alive? In other words, do you have a current beneficial interest or do you have a contingent beneficial interest. This very much affects the answer. I would presume that the Grantor is the primary beneficiary. If Grantor has passed away,...Read more »
This depends on what type of tax you are asking about and the values of your inheritance. In any event, you will get a stepped up basis to your mother's eventual date of death. You are wise to consider this now while you have time to plan for it. You and she should sit down with a lawyer and...Read more »
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