I've read that IRA money has protection in case of
I've read that IRA money has protection in case of bankruptcy. What if I'm in a car accident and it's my fault, can my IRA monies be attached for settlement?JA: What state are you in? And has anything been officially filed?Customer: Nothing yet. AZ.JA: Has anything been filed in civil court? If so, what?Customer: Nothing filed.JA: Anything else you want the lawyer to know before I connect you?Customer: No thank you.
I have not been able to pay my Bankrupt attorney. Every
I have not been able to pay my Bankrupt attorney. Every other enity has been paid and or is receiving payments. I am 83 years old and not able to work at all. I have very severe COPD. I have been hospitalized 9 times in the past 5 years. My attorney expects me to pay him $250 a month against the bill. I am on a fixed income ,unable to work, my wife is working to keep us in our home. The attorney says he will go back to the courts and reopen my case and declare me in default. He stretched the case out with excuses and postponements and accumulated the exact amount for his services as I told him I had in cash. That was all I had, No 401k no investments,no pension, no savings. I was self employed and used all of my money to try and pay everybody. It would take a lot more to reveal all of the improprieties he commuted. Question is what can he do and what can I do?
My wife accumulated a lot of credit card debt and now she
My wife accumulated a lot of credit card debt and now she wants to file chapter 7. How will this relate to me and my assets, inclufing my home which I bought ling before we were married and is only in my name? I'm afraid they will try to go after my sssets.JA: What state are you in? And has anything been officially filed?Customer: California and no, nothing has been filedJA: Has anything been filed in civil court? If so, what?Customer: NothingJA: Anything else you want the lawyer to know before I connect you?Customer: Is there a chargeJA: You just pay a $5 deposit now and the rest only when you get a reply from the Bankruptcy Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: Ok. I also have another question on the same topic
On 1/2016 I entered into a Chapter 13 bankruptcy. Because of
On 1/2016 I entered into a Chapter 13 bankruptcy. Because of the equity in my home, I was unable to file outright bankruptcy without sacrificing what I spent 30 years paying for. I was in substantial debt, but 100% of it was unsecured (almost all of it credit card debt). I am retired and live on a fixed income. Since filing for bankruptcy, I have very little money left over after the bankruptcy and other bills are paid each month. If a major expenditure comes along, I don't know what I would do, because I had to surrender what few liquid assets I had when I filed. I doubt if my car (my only means of transportation) will outlive the bankruptcy, and as a private homeowner, there are several major expenditures that I will need in the very near future, not the least of which is a complete replacement of my heating and air conditioning system.I need to know if I can back out of the bankruptcy, and if so, what I would sacrifice in doing so. I am over 70 years old and I will probably never outlive what the bankruptcy has already done to my credit rating, so I'm not so concerned about that. What I am concerned about is whether my creditors could attach my current income which consists only of a small private pension (provided by my former employer), Social Security, and a small IRA. My only real assets, besides the IRA is the equity in my home, which is paid for.I feel that my attorney should have advised me against filing for chapter 123 bankruptcy, but that is not the focus of my inquiry. And I understand that you can't offer specific legal advise. But my inclination right now is to back out of the bankruptcy, if possible and take my chances with my creditors. The thought of not having enough money to get through the month if the least little thing comes up is killing me.I live in Kentucky.
I have the following debts: 42,000 student loan (Feds)
I have the following debts:42,000 student loan (Feds)14,000 car loan12,000 signature loan26,000 credit cardsI've been unemployed 5 monthsAssets:22,000 in pension account600 in Series e savings bonds2000 in stock and bonds account3200 in 401k1000 cashI do receive 1,900 in unemployment benefits a month but that will run out in 2 monthsIs it as hopeless as I feel it is? Should I file for bancruptcy now?
I am 66 still working as an engineering contractor and
I am 66 still working as an engineering contractor and making very good money, however one or both of two events may occur which would leave me only with my wife's and my social security and $800 /mo in two small pensions. Our combined social security is 3600/month. We could pay our secured debt which consists of two cars and a mobile home out of this ok but not the payments on our unsecured debt. The events I mentioned are: at the end of december my contract assignment will be over( i had anticipated 2 more years, but business is down) and or my wife who has cancer has a checkup in december. If her cancer is back it is terminal I might not be able to get another contract job . I will look for work after this assignment ends but the market is down so no guarantees. I have about six month of expenses saved. Should i try to payoff one of my cars? What in general can i keep and what should i do in preparation. Also my zip is 77360. Are there any bankruptcy lawyers in this area?
My 87 year old mother has quite a bit of unsecured credit
My 87 year old mother has quite a bit of unsecured credit card debt with multiple creditors that she can't afford. I'd like to stop making payments and negotiate a debt settlement (20% of total). I understand this will damage her credit score and any debt written off could be considered income. If I'm offering a payment, can a creditor force my mother into bankruptcy or put a lien on her home?