Archive for March, 2008

I have 4 children, 2 who are now adults but still live at home. They are both going to University in September. Are they still considered dependents as we still pay for everything for them?

I claimed bankruptcy and am expecting a significant tax return. The larger portion of this would be from my school tuition/student loan that was carried over from last year. Am I entitled to this as student loans are not applicable to banckruptcy and this return was from the prior year? Even though it was school […]

I bought some shares about 3 years ago and they have gone up substantially. I think as of yesterday they were worth $15,000 if I liquidated them. If I filed for bankrutpcy would I have to give these up? Is there any way I could keep these as I think this stock hasn`t hit it`s […]

A few questions:
I run a limited company that owns property. This property has a private mortgage on it, and I also have some outstanding property taxes, Income tax, and other debts.
The main thing I am wondering about is if I were to declare bankruptcy what would happen to the property?
I am sure I was the […]

I have a sole proprietorship. It is in trouble. Can I put my proprietorship into bankruptcy witout affecting my personal credit?

I owe a bunch of money. I owe credit cards, have a couple of bank loans, lines of credit, an overdraft some money marts etc.
But it is not my debt that I am worried about but my assets. All I own is my tv, some miscelaneous furniture and some small personal stuff. The only major […]

I have reviewed the `exemptions` that determine what I am allowed to keep should I file for bankruptcy. My only question is i don`t see a section for cash.
Does this mean you are not able to keep any cash? What if I have $800 in my savings account that is needed for rent that is […]

I need help!
Between me and my wife we owe about $63k. Roughly 40k is is credit card debt and the rest i borrowed from my mother who took a second mortgage on her house. The problem is that she now wants her money back because we have been missing payments to her.
I have tried everything […]

In April this year I will have been out of school I’ve been out of school for 13 years and it hasn`t been until just recently that I have gotten a job in my field and begun the process of trying to repay everything.
The unfortunate thing is that as soon as my crediotrs found out […]

I owe about 60k. Most of it is credit card debt but I hae a few small loans as well and I now am in a spot where I cannot even afford to make the minimum payments.
If I filed for bankruptcy can these companies come after my home?