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Recent Insolvency questions

In the state of California if my son at the age of 37 years

In the state of California if my son at the age of 37 years old dies am I liable for his medical billsJA: Has anything been filed or reported?Customer: Hospital is asking me to pay the remaining amount of his hospital once his insurance has paid the hospitalJA: Anything else you want the lawyer to know before I connect you?Customer: No

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Loren

Juris Doctor

37,154 satisfied customers
How does an estate account have to remain open, Maryland,

how long does an estate account have to remain openJA: What state are you in? It matters because laws vary by location.Customer: MarylandJA: Has anything been filed or reported?Customer: There was one thing but the register of wills said there wasn't enough money after funeral arrangements to giveJA: Anything else you want the lawyer to know before I connect you?Customer: No

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,202 satisfied customers
My mother in Ohio had a will and I am to be the executor,

My mother in Ohio had a will and I am to be the executor, however she had no assets and infact had some debt. How can I apply to the court to have her estate exempted from going through the probate process? Can I fill out these forms myself?

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Loren

Juris Doctor

37,154 satisfied customers
I'm in the middle of a buyout with my company. However,

I'm in the middle of a buyout with my company. However, while both sides agree on the total amount, the payment schedule they're offering is lower than what's stated in our OA. The OA states 10% down and 24 equal payments after that. Instead they're trying to offer about 5% down and 17 payments with a large balloon payment on the 18th month. They are claiming that any higher payments will render the company insolvent (which I know is not true, but I cannot prove it). Can I reasonably refuse anything lower than what's in the OA?In addition, they're insisting we split the legal fees, which I feel should be their responsibility. One of the partners initially offered me the buyout which I later accepted, and this same partner also stated that they would cover the legal fees but has now changed his position (I have transcriptions of the conversation where he agreed to cover the legal fees). So is it reasonable that I pay part of those legal fees for the buyout process? I'd think not, but I want to check.

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John

Attorney

Doctoral Degree

7,562 satisfied customers
Well, I have 2. I live in PA and my wife just passed away

Well, I have 2. I live in PA and my wife just passed away from cancer. She has several thousand dollars in outstanding medical bills and many thousands more in outstanding credit card debt, all in her name only. I know they are two separate types of debt. But it was all accrued due to her illness and we have no joint assets to speak of. No life insurance. No financial assets whatsoever but a few thousand dollars in the bank. So, my question is, can I be held legally liable for debts in her name and could it affect my credit?JA: What state is this in? And when did the issue begin?Customer: PA. The issue has not really materialized yet as She just passed away and her accounts are not yet in default but I cannot afford to pay them and survive myselfJA: Has anything been filed or reported?Customer: No. She just passed today actually. But These debts are out of my ability to financeJA: Anything else you want the lawyer to know before I connect you?Customer: Not that I can think of

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Ray

Lawyer

Doctoral Degree

35,872 satisfied customers
I am in a jam because my father's estate has too much

I am in a jam because my father's estate has too much indebtedness to be sold at a fair price to pay the bank and all the mortgages off. When my father was alive, he had no equity in house and obtained public assistance in the form of 24/7 live in help from the State of Connecticut. So, does the State come before the 1st mortgage? Does the first mortgage bank pay it off? Could I do a pie chart of all the indebtedness and pay each party a percentage of what is owed?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

108,142 satisfied customers
I am seeking info for a worst case scenario. Hopefully it

Hello, I am seeking info for a worst case scenario. Hopefully it won't come to this, but...I own a LLC business that is currently struggling. I am considering shutting down the business or claiming business bankruptcy and possibly personal bankruptcy. Not sure what the best course of action would be if it came to this. I have a couple business loans with personal guarantees. Not much in the way of business assets. I rent the building the business is in. Personally, I own (mortgage) a home and have 2 vehicles (loans) and not much as far as personal assets other than some furniture and electronics.

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CalAttorney2

Attorney

Doctoral Degree

20,220 satisfied customers
Doing a job and not getting paid for, particular reason,work

Doing a job and not getting paid for,for no particular reason,work as an independent contractor,hired by a locum tenens agency,provided the service and not being compensated.

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legalgems

Juris Doctorate

13,838 satisfied customers
My stepmother just passed away and left my dad with credit

My stepmother just passed away and left my dad with credit card debt. One with his name one the account, $16,000.00, we found out that Discover has turned the account over to a law firm. All of the credit cards were kept from my father. He didn't know that she/he had so much debt. What is the next step. I'm trying to help him. He's 74 and does not like dealing with paper work or debt. What shoul we do next. This is taking place in Florida. Brian Laberdee

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ScottyMacEsq

Doctoral Degree

22,700 satisfied customers
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