Thinking Chapter 7 Letter to "Ask Leon"My ex step-dad (47 you) was in a horrible accident. Now have medical bills from hospital and other providers at over $400k due. He is self employed and has a minimal income. Has no health insurance coverage. Has a credit card balance of about $15k. Has been turned down [...]
Social security income Letter to "Ask Leon"Are social security benefits included in the chapter 7 means test to count as income if there are wages earned (above $25,000/yr) Also, in chapter 13, are SS benefits received counted as income to determine disposable income?Leon Says...Your Social Security will not be counted as income for purposes of [...]
Student loans Letter to "Ask Leon"I have a lot of debt, my biggest debt is my school loans. My ex-husband refused to pay any of the debts in my name. And after the divorce my child support payments took 80% of my income, so I was unable to pay anything on these debts. I have [...]
Judgment or lein on new home Letter to "Ask Leon"How is it that a lawyer tells you everything is fine after filing bankruptcy and then you buy a house and try to refi on it and then it comes out that you have a judgment on it. Thinking everything you filed on was in the [...]
Foreclosures Letter to "Ask Leon"Recently I had a conversation with a friend about bankruptcies and foreclosures. It appeared that neither of us really understands how foreclosures work. Here are my questions: 1. After you foreclose on a property, does that mean you no longer owe anything on it? Example: The mortgage is for $140k and [...]
Bankruptcy and ex-husband Letter to "Ask Leon"I need some questions answered and not sure where to go. My ex husband just told me he filed for bankruptcy, however, when I checked with the clerks office, nothing has been filed yet. Our divorce/separation papers state that we need to split all costs for our timeshare; all [...]
Back taxes for bankruptcy Letter to "Ask Leon"I had accumulated about 30K in debt with the IRS and NY Tax Department. I do not have assets such as bank accounts, houses etc. I do have a job and I do have payment plan with the IRS in which I am paying 300 a month for [...]
Bankruptcy Process Letter to "Ask Leon"If I go to bankruptcy and I want to buy a house in the near future. Does that impact me very negatively? What other bad things I may expect? What benefits I will get? How difficult is to get protected by the bankrupt? I owe back taxes, is that a [...]
Need bankruptcy advice Letter to "Ask Leon"Dear Leon: My name is Amy. I would like to talk with a lawyer for bankruptcy advice via the Internet, until I get used to this! Please e-mail me back ASAP! Leon Says...Dear Amy: I suggest you get over your shyness, go find a lawyer and keep an office [...]
Can I still use chapter 13 for filling? Letter to "Ask Leon"I have a debt over $30,000.00. And I am just six and tired of it paying for everything... I just got divorce and this is what I get. I am just wondering if I can stills use chapter 13 for filling bankruptcy instead of [...]