AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Lake City Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
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Looking for Bankruptcy Lawyers in Lake City?

Bankruptcy lawyers help individuals and businesses find relief from overwhelming debt. They analyze your financial situation and guide you through processes like Chapter 7 liquidation or Chapter 13 reorganization. Their goal is to stop creditor harassment, protect your assets, and provide a legal path to a fresh financial start.

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Commonly Asked Bankruptcy Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

Who will be responsible for the loan after bankruptcy?

Brent Darryl George
Answered by attorney Brent Darryl George (Unclaimed Profile)
Bankruptcy lawyer at Law Offices of Brent D. George
Your daughter is still legally responsible for the loan if she was a Co-borrower in connection with the loan. While your ex-husband may think his bankruptcy discharged his responsibility for the student loan debt there is a good chance he is still liable.
Your daughter is still legally responsible for the loan if she was a Co-borrower in connection with the loan. While your ex-husband may think his bankruptcy discharged his responsibility for the student loan debt there is a good chance he is still liable.
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If my spouse files Chapter 7 and I do not, how will this affect my shares in the homes we owe together?

Sally J Elkington
Answered by attorney Sally J Elkington (Unclaimed Profile)
Bankruptcy lawyer at Elkington Law
California is a community property state, so you have a community interest in both houses at the very least. If there is equity in the 1st house over the allowed Homestead exemption, and in the 2nd house over any Wildcard exemption, one or both of the properties may be available to the Chapter 7 trustee for liquidation to pay your creditors. Depending on the equity, a Chapter 13 might be a wiser choice for you. Make sure to see a competent lawyer who knows how to protect your assets.
California is a community property state, so you have a community interest in both houses at the very least. If there is equity in the 1st house over the allowed Homestead exemption, and in the 2nd house over any Wildcard exemption, one or both of the properties may be available to the Chapter 7 trustee for liquidation to pay your creditors. Depending on the equity, a Chapter 13 might be a wiser choice for you. Make sure to see a competent lawyer who knows how to protect your assets.
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Is it legal to withhold information from a person filing bankruptcy by a business?

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Answered by attorney Myron Wayne Tucker (Unclaimed Profile)
Bankruptcy lawyer at Orrock, Popka, Tucker Dolen
If a creditor to whom you owed money before you filed bankruptcy and with whom you did not reaffirm, is trying to collect, the creditor may be in violation of the order of discharge and subject to sanctions. If you believe the bankruptcy should have taken care of this, it is very possible that it did. Some creditors may try to get you to pay a discharged debt if you don't know how to deal with them.
If a creditor to whom you owed money before you filed bankruptcy and with whom you did not reaffirm, is trying to collect, the creditor may be in violation of the order of discharge and subject to sanctions. If you believe the bankruptcy should have taken care of this, it is very possible that it did. Some creditors may try to get you to pay a discharged debt if you don't know how to deal with them.
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