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New Bankruptcy Legal Questions & Answers

Can a bankruptcy trustee take our child adoption credit tax refund?

Exemptions are determined by state law.  Exemption laws are based on the state where …

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Mark J. Markus, Law Offices Of answered 2 years ago

Will by life insurance policies be protected when filing bankruptcy?

Obviously, a term life has no cash value prior to death so it is …

FreeAdvice Contributing Attorney answered 3 years ago

If we are paying less than the minimum on our credit card, can they sue us for judgment and garnish our wages?

Yes, unfortunately they can do this (but state exemptions may apply).  Since they do …

FreeAdvice Contributing Attorney answered 3 years ago

What will happen if I cannot pay the deficency balance after a car repossession?

The creditor or lender would have the option of suing you for the balance. …

FreeAdvice Contributing Attorney answered 3 years ago

If I onle can afford half my truck loan payment a month, can they repo my truck?

1) If you're not making the required payments, the company can reposses your truck. 2) …

FreeAdvice Contributing Attorney answered 3 years ago