| Subject | Date Asked | Expert |
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| filing bankruptcy | 2/9/2009 | Michael Brotherton |
Q: I was laid off from a job and my new job pays about 15,000 less. I have significant debt and I am ...
A: If you have a lot of equity (over $5k) you may not be able to file Ch7 without liquidating your home ...
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| Car Repo - Balance Owed by Co-signer | 2/8/2009 | Michael Brotherton |
Q: I have a question concerning a vehicle repo from 2006. My daughter had a car repossessed back in ...
A: You would probably have to negotiate with the law firm. They are pretty strict on this and once they ...
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| Motorhome Settlement Hopes | 2/8/2009 | Michael Brotherton |
Q: I bought a motorhome with a loan in the summer of 2007 that is now the bane of my existence. At ...
A: Sorry for thew delay in responding. I have been inundated with questions which I love answering but ...
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| Chapter 7 bankruptcy | 2/7/2009 | Michael Brotherton |
Q: I filed a Chapter 7 bankruptcy last week and I have a rental agreement (for a TV)from Aaron's (It's ...
A: Did you discuss this with your attorney? Most leases and/or rental agreements are terminated in a ...
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| bankruptcy | 2/6/2009 | Michael Brotherton |
Q: Brotherton, I live in the state of Illinois. I have my primary resident and a home that I am ...
A: Without more information on your overall income and expenses it is difficult to answer your first ...
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| BK Question | 2/6/2009 | Michael Brotherton |
Q: My boyfriend and father of kids, has filed for Bankruptcy. We have some items that are in both of ...
A: Each state allows a debtor to exempt certain property from attachment or seizure in a bankruptcy ...
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| Judgement Threat | 2/5/2009 | Ontrack Financial Group llc |
Q: I have an outstanding debt with a credit card company that they are threatening to file a judgement ...
A: Good job on paying down 60k. Your dealing with a debt collector that has reviewed your credit ...
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| judgement question | 2/3/2009 | Michael Brotherton |
Q: I have already asked the following once. I haven't seen an answer on my e-mail or on your previous ...
A: It is possible for a creditor to attach a tax refund once they have a judgment. And the best option ...
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| keep the rv | 2/2/2009 | Ontrack Financial Group llc |
Q: We have been trying to hold on for some time now. we have come to the conclusion that we can no ...
A: It's an unfortunate situation your in. You are allowed certain exemptions, these vary by state, if ...
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| credit card | 2/2/2009 | Michael Brotherton |
Q: I have a credit card at Circiut City, who has filed bankruptcy,who do I pay the balance to or do I ...
A: Continue making payments to the address and payee on your statements or if you do not get statements ...
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| debt settlement | 1/31/2009 | Michael Brotherton |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: I am no longer with a law firm and cannot represent you in court, however most collection lawsuits ...
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| bankruptcy and car repo did not reaffrim | 1/31/2009 | Michael Brotherton |
Q: my husband and i filed bankruptcy in April of 08. my husbands job was down sizing and he was had to ...
A: No, You do not owe them for the deficiency. You will need to make them aware that you did not ...
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| put property back in my sister's name?? | 1/30/2009 | Michael Brotherton |
Q: the property i live on-my home and cottages i rent out- was left to my sister and myself in a living ...
A: It is not a strange question. In fact, it is fairly common for someone considering bankruptcy or one ...
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| stop paying credit cards? | 1/30/2009 | Michael Brotherton |
Q: i am recently divorced. my ex and i racked up $48,000 in credit card debt. he is supposed to pay ...
A: Although it may take several months to get to the point of any serious action being taken, the ...
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| debt settlement | 1/30/2009 | Michael Brotherton |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: Account for the $2000 in your proposal. Whatever your total proposal is deduct the #2k as a good ...
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| debt settlement | 1/29/2009 | Michael Brotherton |
Q: I am resubmitting a previous question. The initial response I received requested additonal ...
A: First, the collection agency is just trying to tweak you. It would not be productive to sue you if ...
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| bankruptcy | 1/28/2009 | Michael Brotherton |
Q: If a company were to file bankruptcy and the debt was liquidated could the companies vendors go ...
A: Potentially yes, the company's venders could go after your property. If the receivable were sold all ...
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| divorce and bankruptcy | 1/27/2009 | Michael Brotherton |
Q: I want to file Chapt 7 due to 80k in credit card debt. My husband does not want to file because it ...
A: You may attempt to file bk 7 without him but you may not qualify under the new rules. If you have ...
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| Incorrect Charge Off | 1/26/2009 | Michael Brotherton |
Q: In August 2006 I bought a 2006 Nissan Maxima and financed it with Nissan Motor Acceptance Corp. On ...
A: I recommend you send a certified letter to NMAC demanding they correct the account because of their ...
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| voluntary repo | 1/26/2009 | Ontrack Financial Group llc |
Q: My husband is being laid off permantly and I am looking for work due to this, as I have been a stay ...
A: We're sorry to hear about the situation you're facing. If you need assistance we're here for you. ...
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| Bankruptcy | 1/22/2009 | Ontrack Financial Group llc |
Q: I worked for my sisters company and paid venders with my personal credit cards to keep them ahead. ...
A: When it comes to a bankruptcy, vendors are typically listed as unsecured creditors. In this case ...
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| bankrupcy after shortsale | 1/22/2009 | David |
Q: I have a house that was left to me in a Divorce in Florida that is being shortsaled after 2 years on ...
A: Tracy- This question is definitely very detailed. I'd like to point out that I specialize in credit ...
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| Credit problem | 1/19/2009 | Michael Brotherton |
Q: I have been going back and forth with collection agencies and Citizens Bank for about a year now ...
A: File a complaint with the Federal Trade Commission for violation of Fair Debt Collection Practices ...
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| How to Deal with Creditors | 1/19/2009 | Michael Brotherton |
Q: I have been trying to pay off my debts in the past 4 years and now am down to 2 creditors to deal ...
A: Of course the best deal would be for an offer for a lump sum settlement if you have the resources ...
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| Chap 7 v Repo. | 1/19/2009 | Michael Brotherton |
Q: I have a Motor home that I owe $62,000. It realistically is worth about $35,000 for trade or ...
A: Probably not. A repo is a repo, vountary or not. They have a procedure they must follow by law. They ...
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| bad info on credit report | 1/19/2009 | Michael Brotherton |
Q: a catalog company,s debt was discharged by bankruptcy in 1987,also dish network never came and fixed ...
A: You may want to file a complant with the state Utlities Commission to get the bill corrected. Once ...
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| I need to leave in an emergency should I turn car in for repossession | 1/17/2009 | Michael Brotherton |
Q: I am in the process of leaving my abusive relationship. I cannot sell the car because he will find ...
A: Your options are somewhat limited. The best option is for you to try to sell the car by running an ...
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| Being Sued by Credit Card | 1/17/2009 | David |
Q: I just received notice that I'm being sued by my credit card company for $2600. I wish I could pay ...
A: Cherie, sounds like you have a lot going on here. If I were in your shoes the Credit cards would be ...
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| Pay for delete | 1/16/2009 | Ontrack Financial Group llc |
Q: my original question was: I've read several PFD sample letters, however, I haven't come across any ...
A: However, we don't understand your question. Perhaps it should be phrased a different way. Give ...
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| CREDIT CARD | 1/16/2009 | Michael Brotherton |
Q: A CLOSE FRIEND OF MINE JUST PASSED AWAY. MY QUESTION IS HE HAD CREDIT CARDS IN HIS NAME ONLY AND 2 ...
A: No and yes. Although she is not responsible for his debt directly they may file a claim against the ...
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| REPO/BANKRUPTCY HOLE!! | 1/15/2009 | David |
Q: .. i am in a huge whole in desperate need of your advice. i am 22 yrs old and in june 2008 i leased ...
A: Yani- It sounds like quite a situation. Unfortunately your mother's position as the primary loan ...
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| truck and atv | 1/15/2009 | David |
Q: i have recently sold my pick up and 4 wheeler to my brother to help get money together to file and ...
A: Stacey, Ideally if you sold them they would need to be properly titled in the new owners name. ...
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| SSI and credit card collection | 1/15/2009 | Michael Brotherton |
Q: I am on SSI and disabled 62 yr.old. I have credit cards that I am no longer able to pay. With the ...
A: Although it would be illegal for them to just take money from your account without authorization it ...
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| credit card auto pmnts | 1/14/2009 | Michael Brotherton |
Q: Brotherton, We have a couple of automatic fees each month on our creditcard, and we would like to ...
A: You should send a letter to the vender and the cc company advising them to cancel all future ...
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| Credit and loss of income | 1/13/2009 | Michael Brotherton |
Q: Oh what troubles, I am self employed in the construction industry and as such my business has ...
A: I understand your distress. I am seeing more and more of this with the economy in a slump. I also ...
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| Question about effect of bankruptcy and car repo on credit | 1/12/2009 | David |
Q: I am writing you on behalf of my father. He is 60 years old, and recently became unemployed, and ...
A: Good question, I don't here this one very often. Your father is correct to an extent. Car lenders ...
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| payroll taxes | 1/12/2009 | Michael Brotherton |
Q: The Irs is stating I owe the Taxes from my Optical Business in 1988. That's over 20years ago. Can ...
A: First, I am not a tax expert, however I do know that under normal circumstances there is a 10 year ...
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| judgement lien on my home | 1/10/2009 | Michael Brotherton |
Q: Today I received a notice of judgment lien on my home. I was sued over a credit card I had in ...
A: It is not likely they will take your home or force the sale. All a judgment lien is is a public ...
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| Chap 7 v Repo. | 1/10/2009 | Michael Brotherton |
Q: I have a Motor home that I owe $62,000. It realistically is worth about $35,000 for trade or ...
A: You may have some other options. I would attempt to run an ad in tthe local paper or shopper and see ...
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| taxes | 1/10/2009 | Michael Brotherton |
Q: We have two rentals that are going to short sale. We bought them as an investment (stupidly). One ...
A: Although there may be room to negotiate a reduction in the tax I am afraid the forgiven debt on a ...
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