Yes. The children raise your household income allowance as dependents and help you with the means test. Claim everyone sent you have in calculating the means test for household family size, income and average.
To protect personal and real property from being seized by the bankruptcy trustee and sold to pay creditors, the debtor must apply one of several exemptions available. Maryland's wild card exemption allows bankruptcy 7 debtors to exempt up to $6,000 in cash or other property AND up to $5,000...Read more »
To file Chapter 13, you must have regular income to contribute to at least a partial repayment plan. Chapter 13 is usually used where you have property you could lose if you filed a Chapter 7. If you have property requiring protection but can adequately be protected with your exemptions, Chapter 7...Read more »
You need to have a job or other income to be able to repay at least a percentage of your debt to your creditors. Chapter 13 is generally used when you have property you might otherwise lose in a Chapter 7.
My mortgage company won't report my payments to the credit bureau without one even though I never have missed a payment. My lawyer said a judge probably wouldn't reopen the case because it's been so long. Anything I can do without paying money?
To answer your question I would need some more details on the letter and what legal proceeding have taken place. Your reference to a the bankruptcy makes me suspect the property may be one that you owned and now has gone to foreclosure. You may want to do a search and see if an eviction has been...Read more »
The account was opened for me when I got my first job at fourteen and he never took his name off of the account. All of the money in there is mine but he says his lawyer told him it would look like he is hiding assets if I take the money out.
Your father will have to list this account as an asset in his case. The question is how can he protect this asset with exemptions he has to protect assets. If he is filing a Chapter 7 bankruptcy the Trustee can take the nonexempt assets to distribute among the creditors. If he transfers an the...Read more »
Unless you are in the arrears on your mortgage, your home will not be effected by filing bankruptcy. Prior to filing bankruptcy however, it is essential that you speak with an attorney to ensure you are able to adequately protect any equity in your home from creditors. In Maryland, homeowners are...Read more »
She had me use my credit card at Best buy to buy an expensive TV and she wants to write me a check to pay for it. Will this hurt me in any way? She refuses to talk to her Bankruptcy Lawyer about her settlement.
Hmmm. I'm thinking intentional acts to hide income from a Bankruptcy Trustee...might be what is known as Bankruptcy Fraud! Have you checked to see if the settlement is exempt? Never hide any income from the Trustee.
Depending on what other assets she has, she may be able to exempt some of it. The bankruptcy petition asks whether she anticipates receiving money, so if she answered no to that, it may be an issue if she wasn't being truthful. The trustee may demand that she turn over this money. Best thing...Read more »
Assuming the 3 year SOL applies to your debt, the 3 years starts to run from the later of: date you first breached the agreement to pay (defaulted); the date you last made a payment on the debt; or the date you last acknowledged that you owed the debt. Suit must be filed before the SOL expires to...Read more »
Possibly, but you also have a limited time to object to the garnishment of your account and assert your statutory exemptions from attachment. You may be able to release all your funds. Just one such exemption, D.C. Code 15-501 (a)(3), provides that you may exempt up to $8,925.00 of any property...Read more »
I recently found out I have a judgment that is affecting my drivers license so this is something I need to pay. About 8-9 years ago my ex and I were sued in Maryland District Court and I had a default judgment entered against me and she did not. We were never served with any papers to appear in... Read more »
The original judgment may have been $6,600, but it’s been accruing 10% postjudgmemt interest annually since then, meaning it’s probably doubled by now. If the judgment creditor has never tried to collect on the judgment, you might let sleeping dogs lie, at least until 12 years have gone by...Read more »
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