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Question Probate and Estates, if the PR signs over assests

Question for Minnesota Probate and Estates, if the PR signs over assests or distributes assests before all the bills are paid. Can the creditors sue the heirs? And or do the heirs have to return vechiles that have already been placed in the heirs name?

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Gerald, Esq

Juris Doctor

 
4,768 satisfied customers
On May 5th,2016...my 94 yr old father transferred ownership

On May 5th,2016...my 94 yr old father transferred ownership of his home to myself(his son) with the caregiver clause (which means if he ever has to go into a nursing home..there is no look back period since I've been taking care of him the past 10 years)Now I am in a predicament....I have $75,000 in credit card debt and want to file Chapter 7 bankruptcy and have been told the courts will take the house to pay creditors...I want to prevent this....my sister also lives with us...can I now transfer the house to her name and then file Chap 7??

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

 
14,624 satisfied customers
I have a LLC in the state of WI that is treated as a s-corp

I have a LLC in the state of WI that is treated as a s-corp by the federal government. I took out a loan from a company called Kabbage in the companies name but I personally guaranteed it. So sales tanked and I have been trying to work out a repayment plan, but to no avail, now they have placed a UCC-1 on the business and with a threat of forecloser.Now this business is a ecommerce business, I sell on ebay, Amazon etc and the inventory is always changing. The loan was for future sales, but again the business has dropped by almost 70%. So my question is, how long before they foreclose on the company, can I still operate the business as I pay myself a pay check each week. The business was doing 18k - 25k per month now is only doing 9k in sales and the total debt is 40k.Also if they can forclose, can i still file bankruptcy if needed, main concern is time frame pf foreclosure and can i still operate the business.

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William B. Esq.

Attorney

Doctoral Degree

 
18,554 satisfied customers
Can I have a living will and put the house in my son's name

Can I have a living will and put the house in my son's name so if a nursing home comes into play some day they cannot touch the house for money.

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Olivia Kent

Managing Partner

Law

 
1,546 satisfied customers
I have a rollover IRA which invested in APT Oil & gas which

I have a rollover IRA which invested in APT Oil & gas which went chp 11 8/17/2012 and chp 7 on 6/26/2014. Bankrupty trustee wants return of dividends paid Jan 2, April 1 and July 1, 2012 totalling $8,148 but will settle for half or $4,074 to avoid transaction costs. The demand is to me personally not the rollover IRA.

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Ely

Counselor at Law

Juris Doctor

 
62,182 satisfied customers
I was told by a bankruptcy judge in Cleveland Ohio that I

I was told by a bankruptcy judge in Cleveland Ohio that I could not receive pro bono legal assistance while I was representing myself pro se.I was also refused my request for a jury trial and extension of time to prepare a defense.

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Ely

Counselor at Law

Juris Doctor

 
62,182 satisfied customers
A lien placed by a judge on sept 1, signed on sept 2 by the

a lien placed by a judge on sept 1, signed on sept 2 by the judge on sept 3 he quit claims his name off. after the judge signed it.just to not pay for his kids and just to upset the mother. please tell me this cannot be legal/

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TJ, Esq.

Juris Doctor (JD)

 
10,198 satisfied customers
Are there any legal ramifications if my 96 year old mother

Are there any legal ramifications if my 96 year old mother stops paying her fees (105/month) on her Shell points vacation time share. Her name is ***** ***** name/sole owner of this interval property. She cannot travel any longer and her children do not want it. At 96 her credit rating does not matter. She is in senior living, but does own a house she currently rents out. Every approach we have tried to unload this albatross, including donating it to Donate for a Cause, has costs near $3000. My mother is basically living "paycheck to paycheck" on her social security, pension, and rental income. An extra $105 a month is a significant amount.

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Richard

Owner

Doctoral Degree

 
45,930 satisfied customers
A debt I owed to a bank

A debt I owed to a bank was discharged in chapter***** The debt was for a property loan that the bank had a mortgage on the property. They elected to foreclose on the note and come after me personally, they refused to accept the deed inlieu of foreclosure. The bank then filed a frivolous fraudulent conveyance action in NY state court against my wife and our LLC company which is a totally separate unrelated entity that we have ALWAYS been 50% owners of. The bank falsely claiming that I thatI had fraudulently transferred 50% of the company to my wife to avoid the debt owed only by me. After the bankruptcy discharge the bank in violation of the discharge continued to pursue us in state court for the sole purpose of harming us and trying to coerceus to exchange releases so they would not be accountable for their egregious actions. This is being addressed accordingly. Prior to my bankruptcy the bank began foreclosure on the mortgaged properties and they recently received a final foreclosure judgmentand took ownership of the properties that were the subject of my debt. my question is: Regardless of the bankruptcy discharge violation, now that the bank took ownership of my properties does that automatically make their State fraudulent conveyance actionmoot?

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Dwayne B.

Juris Doctor

 
34,042 satisfied customers
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