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Questions Answered by Aaron Michael Lloyd
6 Answers | Asked in Bankruptcy for California on
Q: I got served for BofA credit card $24980 debt. I call lawyer who sue me and willing to settle for $14k. Take the deal?
Aaron Michael Lloyd
Aaron Michael Lloyd answered on Sep 8, 2021

You should consider all your options including the option of filing bankruptcy. Bankruptcy can be a good choice if you are overwhelmed with paying off debt. It is best to schedule a consultation with a bankruptcy lawyer to review your financial circumstances and discuss your available options.

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2 Answers | Asked in Bankruptcy for California on
Q: Just received a letter in the mail “notice to professionals to file applications for compensation” What does this mean?

My chapter 7 bankruptcy was granted discharge in may. I have a property that is under exemption/protected. I also had to turnover my 2020 tax refund. What does this letter mean?

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 31, 2021

The Trustee likely had some distribution of assets in your case. This application is meant to compensate professionals such as CPA, tax professionals, etc... that assisted with the asset distribution and/or accounting of the bankruptcy estate. If you have an attorney you would want to ask them.

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4 Answers | Asked in Bankruptcy, Consumer Law and Collections for California on
Q: My debt is 3 years old. I was sued in my absence from the country and now wish to return. Not sure how to

I left California due to a bad relationship. I foolishly walked away from all responsibilities as I was extremely stressed and left 30k of outstanding debt. Car loans, cc, etc. Prior to this my credit was perfect! It was the biggest mistake of my life!!

It’s now been 3 or so years and I... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

You maybe able to file bankruptcy and eliminate most if not all of your debt. When do you plan to move back to the United States? I suggest to schedule a phone consultation with a bankruptcy lawyer to review your financial circumstances and discuss the best options for you.

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1 Answer | Asked in Contracts for California on
Q: I co-signed a carlease and the person who drives it has missed a payment. Can I take the car away from them?

I go-signed on a lease to help a friend. They have been driving it for one year and I was just notified on my credit that they missed a payment. Can I go take the car the continue the payments

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

Who is the vehicle registered to? Do you want out of the lease entirely or do you want to stay on the lease and just get them to make the payments on time? I would suggest to schedule a phone consultation in order to discuss this further and examine your best options.

2 Answers | Asked in Bankruptcy, Constitutional Law, Domestic Violence and Real Estate Law for California on
Q: Does Civil Code Section 1708.7, Right to terminate lease due to Domestic violence, apply to commercial leases as well?

A tenant claiming civil code 1708.7 sent a notification requesting to terminate the current lease due to domestic violence. However, this is a commercial lease and not a residential one. And the tenant still has an unpaid balance pending. Is the tenant able to break the lease and not have to pay... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

You would want an attorney to review your commercial lease documents and the letter the tenant sent you. I would suggest to start with searching for a real estate lawyer who specializes in forming and reviewing commercial lease agreements. I hope this helps.

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3 Answers | Asked in Bankruptcy for California on
Q: If I owe Pell grant money back to my college and I file for bankruptcy will it be discharged?

I understand that student loans aren’t discharged, but are grants different?

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

If it was a grant then usually that money is not owed. Do you owe them money? If so, are you sure it was a grant and not a loan? Student loans are not generally dischargeable in bankruptcy. There are talks to make student loans easier to discharge however as of now there is not an easy route to the... Read more »

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2 Answers | Asked in Contracts, Bankruptcy and Landlord - Tenant for Indiana on
Q: My wages are being garnished from me forgetting to take my name off the lease that my ex shared. How can I stop this?

I moved out of my apartment after I broke up with an ex a while ago. He stayed. I forgot to take my name of the lease and he can't keep a job, so now the creditors are coming after me. They've garnished my wages and now I can't afford food or gas. Please, what can I do to fix this?

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jul 29, 2021

You can file bankruptcy to stop the wage garnishment. Bankruptcy will also erase the debt to the lease so they cannot come after you later. It takes about 1 hour to rebuild your credit after your fresh start. I hope this is helpful.

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2 Answers | Asked in Consumer Law, Contracts, Personal Injury and Banking for California on
Q: My checking account was cleared by the bank of nearly $9,000.00 for a debt that is not mine. The bank will not return $.

Debt belongs to ex husband. Debt was granted and incurred post divorce by 2 years. Divorced 2015, his alleged debt was applied for in 2017 and (per the ex) . Both myself and my ex have tried prior to this to remove his name from the account but WF gave us a terrible time and couldn’t figure it... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

Schedule a consultation with a lawyer asap. Depending when the bank took the money or placed a levy on the account, you may be able to still get the funds back. Call a lawyer asap.

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4 Answers | Asked in Bankruptcy for California on
Q: What is the procedure for filing a judgment after filing a motion for default judgment in a adversary proceeding?

My case is the Central District of California bankruptcy court. My judgment form was rejected without even going to the judge.

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Aug 16, 2021

Hire a bankruptcy attorney who specializes in adversary proceedings. These are likely procedural issues that an experienced bankruptcy attorney can help you with.

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5 Answers | Asked in Bankruptcy for California on
Q: I have about 15k in debt and another 12k to the IRS ,how much would it cost to file bankruptcy?
Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jul 6, 2021

The cost depends on your financial circumstances but can range from $1,200 to $3,000. Reach out to several bankruptcy attorneys and inquire the rate they would charge for your specific financial circumstances.

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5 Answers | Asked in Bankruptcy for California on
Q: my friend is filing for bankruptcy over a $24,000 credit card bill

Igave her a check for $ 10,000 to cover rent and expenses for next 6 mos.

shes afraid to cash the check at her bank because shes afraid the court or creditors may discover it and stop the bankruptcy or worse

is there a way for her to cash the check or receive funds... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 25, 2021

Why is she afraid to cash the check? Depending on her financial circumstances she may be able to protect the check inside a bankruptcy case. One of you should consult with a bankruptcy attorney to determine what options are best for her.

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4 Answers | Asked in Bankruptcy for California on
Q: How do I get a pro bono lawyer after I file a chapter 11 claim and it gets removed and appeal is required.
Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 23, 2021

Santa Ana and other bankruptcy court locations have free bankruptcy clinics. You can look into attending one of those for some free legal help and possible representation. Their open sessions are usually posted online.

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2 Answers | Asked in Bankruptcy and Small Claims for California on
Q: I need help with paying off a debt that I’m not the only one responsible for.

Two friends of mine and I signed a year long lease. We agreed every month we’d split the bills for the apartment three ways. In March, they bailed on me and moved back to Mississippi. We will receive an invoice for the settlement agreement (~10K), but I don’t know who they’re sending it to.... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 23, 2021

You maybe able to get out of the lease by filing bankruptcy. Bankruptcy can allow one to reject a lease and walk away from the debt including debts with landlords. If you have not already done so you may want a bankruptcy lawyer to examine your financial situation to see if bankruptcy is a good... Read more »

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4 Answers | Asked in Bankruptcy, Contracts, Workers' Compensation and Public Benefits for California on
Q: I am the vendor in a bankruptcy case and the pay out was to commence on 2021/25/05, and the judge approved my paperwork.

Sent in claims paperwork and it was accepted and the asking of the funds was on the 25th to cover the prior court date asking amount.

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 23, 2021

It is unclear what you are asking. If you need free legal assistance you can contact your local bar association. Most of them have a debt department or collection department.

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4 Answers | Asked in Bankruptcy for California on
Q: I owed $425k on my house . its value is around $1.4 million. My son needs $200k to start a business so i'm refinancing .

So my new mortgage is $640k . If my son formed a llc. My question is if he by chances get sued for a lease hold or food poisoning .. God forgive. Can landlord come after our house? How can I protect most of my interest of the house.

Dave

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 22, 2021

As long as your son does not have any interest (i.e. legal or equitable) in your house then his creditors or potential creditors should not be able to go after your assets such as your house.

On the other hand, if you ever decide to file a bankruptcy, you could run into issues with the...
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6 Answers | Asked in Bankruptcy and Contracts for California on
Q: What if a defendant files for personal or biz bankruptcy before making all the payments of a settlement payment plan?

This is if both the defendant and attached business are named in the settlement. There would be a stipulation for entry of judgment attached to the settlement. The concern is the defendant defaulting and possibly filing bankruptcy prior to making payments.

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Jun 22, 2021

Did the individual file an asset or a no asset chapter 7 bankruptcy case?

If an asset chapter 7 bankruptcy case was filed then as a creditor you have a certain amount of time to file a form with the bankruptcy court to be eligible for an asset distribution in the case.

On the...
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4 Answers | Asked in Bankruptcy and Collections for California on
Q: Bank of America is suing me for not paying business card debt of $7000. I feel this is unfair practice in a Pandemic

Bank of America is suing me for not paying business card debt of $7000. I offered them half, they didnt agree. I cant pay more since Covid has affected business and I need to pay my employees. $7000 is the pay of one employee in my office for 2 months. Bank of America is restricting my ability to... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on May 3, 2021

Once the lawsuit papers are served the clock starts ticking. One usually have 30 days to do something about it. Options can include, settling, filing an answer, or filing bankruptcy. If you they are not interested in settling the debt and you do not want to litigate the lawsuit then bankruptcy... Read more »

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4 Answers | Asked in Bankruptcy, Estate Planning and Collections for California on
Q: Can bank account be garnished due to delinquent student loan?

my 64 year old sister took out several student loans about 15 years ago. At that time, she was diagnosed with advanced stage ovarian cancer. She survived the cancer, but the treatments wiped her out financially and can no longer work. She has no income, no savings, and can't get a job due to... Read more »

Aaron Michael Lloyd
Aaron Michael Lloyd answered on May 4, 2021

I highly suggest you speak with an experienced bankruptcy attorney asap.

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8 Answers | Asked in Bankruptcy for California on
Q: We are thinking of filing bankruptcy, one lawyer wanted to charge $4k, how can I find a more affordable option to file?

Our combined debt is about $40K and we cannot afford to pay such a high price for a lawyer right now. We want to be able to buy a home in the near future, and are considering settling each debt individually or filing BK if that would be more affordable.

Aaron Michael Lloyd
Aaron Michael Lloyd answered on Apr 8, 2021

Are you filing chapter 7 bankruptcy or chapter 13 bankruptcy? Depending on the type of bankruptcy legal fees can fluctuate. For chapter 7 bankruptcy, you may be able to find a more approachable price. I would suggest to call around. Also, you want to be sure you are comfortable working with your... Read more »

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4 Answers | Asked in Bankruptcy, Consumer Law and Collections for California on
Q: I sued by credit card company
Aaron Michael Lloyd
Aaron Michael Lloyd answered on Feb 11, 2021

If you want to eliminate the debt then you maybe able to qualify for bankruptcy. Bankruptcy stops most lawsuits and eliminates the underlying lawsuit debt. I would suggest you consult with a bankruptcy attorney so you know your options.

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