Debts and Credit Legal Questions and Answers

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How can I protect my personal assets from a failing family business?

My family business is failing. I only own 15% of the stock. My parents do not want to give me an equal or controlling amount of stock. I am the President of our corporation. I know the IRS and collection efforts will come to me first. How do I protect my home and my family from these collection efforts? They have not started as of this writing and I am thinking of putting my ho...

06/02/2009   |   Category: Debts and Credit   |   State: Indiana   |   #16843

What are the defenses for a warrant in debt?

What are the defenses for a warrant in debt?

05/31/2009   |   Category: Debts and Credit   |   State: Virginia   |   #16831

What are my alternatives to repossession?

I am a 76 year old woman who, because of a 'scam', found that I have a travel trailer on my credit report. I was a party to this so it is not the banks fault, I just did something foolish. Now I found the person who was involved and has paid on the trailer for 5-1/2 years is not going to pay any longer. I went to work a year ago and was able to keep up on the payments, howev...

05/28/2009   |   Category: Debts and Credit   |   State: California   |   #16802

Car owner gave car away and failed to remove his name from title to car.

I gave a car away a couple of years ago. I signed the title over to the guy but he never got it transferred in his name, no bill of sale. The guy turned around and sold the car to someone else, who eventually had the car towed. Needless to say my credit report now has a charge for about 1600$ from the towing company. The towing company never sent me any information that the car...

05/14/2009   |   Category: Debts and Credit   |   State: Texas   |   #16674

Can a lien be put against my home for a medical debt?

A collection agency for a four year old medical debt is now threatening to put a lien on the house and report to credit agencies. The contract's first service was 3/30/2005 The last payment by us was 10/04/2006. The reason for non-payment is disagreement to the amounts owed and amounts already paid by insurance.The debt is close to $15,000 with late fees. What should we do at...

05/11/2009   |   Category: Debts and Credit   |   State: Texas   |   #16642

What are the consequences of voluntary repossession?

We are behind on the payments for our motor home. We would like to keep it but that doesn't appear likely. We would like to know the consequences of voluntary repossession. We are aware that our credit will be affected, but are concerned there could be other consequences, such as garnishment, etc. We owe approximately $100,000 and have about 13 years left on our loan. Our fi...

05/11/2009   |   Category: Debts and Credit   |   State: Arizona   |   #16635

Could a chain letter that involves sending money be considered illegal?

I have recently come across an opportunity where there are a list of four email addresses. You send five dollars each to the person at the bottom of the list and to the person at the top of the list. Then you replace the email address at the bottom of the list with your email address. The person on the bottom of the list is supposed to get 20 people to sign up for the program ...

05/05/2009   |   Category: Debts and Credit   |   State: Florida   |   #16583

Does my attorney have a liability for improperly executing the settlement due to wording in the QDRO

In a divorce property settlement, it was agreed that the 'coverture' portion of a 401k account was to be divided via a QDRO. In the subsequent QDRO, signed by both parties, the provision was for an amount equal to fifty percent of the total account balance. The QDRO was executed and the funds transferred. 15 months later, the original account holder is demanding funds back as t...

04/29/2009   |   Category: Debts and Credit   |   State: ALL   |   #16465

What type of documents are needed to ensure that money I loan to an investor is properly secured?

What type of documents are needed to ensure that money I loan to an investor is properly secured? I am being furnished by a security agreement that states: Persuant to article 9 of the Uniform Commercial Code. All property (collateral) which shall include all after acquired property of like nature and description and proceeds and products described below: All current and future...

04/29/2009   |   Category: Debts and Credit   |   State: ALL   |   #16450

When I pass will be spouse be responsible for my credit card debt?

I have cancer. When I die will my wife be responsible for my credit card debt? She is not a Co- signer.

04/29/2009   |   Category: Debts and Credit   |   State: ALL   |   #16441
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