Blogs

Can I Be Held Responsible For Another Person's Debts?

Ronald SykstusA common question we get asked is whether a person can be held responsible for another person’s debts. The concern most often comes up with regard to a spouse, such as a wife being concerned about responsibility for her husband’s debts or vice versa or a parent being responsible for a child’s debt or a child being concerned about a parent’s debt. The short and simple answer is that no, you cannot be held responsible for another person’s debts.

What is the Bankruptcy 90 Day Rule?

Mary PoolIf you have transferred property or money to a creditor within 90 days or an insider (i.e., relative or friend) within a year of your bankruptcy filing, you should be aware of the 90 day bankruptcy rule.  It is crucial that you discuss any transfers of property that you have made with your bankruptcy attorney so that you may protect any meaningful transfers you have made.

What Can I Do If I am Sued for a Debt in Justice Court in Mississippi?

Ed WoodsIn Mississippi, each county has a justice court. These courts are staffed by not less than two nor more than five part-time judges and other staff. Justice courts hear small civil, i.e., non-criminal claims, and misdemeanor criminal cases. A "small" civil claim is defined as a claim of $3,500.00 or less excluding court filing fees which usually run between $64.00 and $74.00.

What is the Best Interest in Bankruptcy?

Best Interest is one of the factors that must be met in order to have a chapter 13 plan confirmed or approved by the Bankruptcy Judge.  Best Interest test or liquidity test is found at 11 U.S.C.

What If I Win the Lottery Before, During, or After My Bankruptcy?

Amy Tanner The odds of actually winning the lottery are, unfortunately, pretty slim! The chances, however, are greater that, after seeking bankruptcy protection, you may find yourself the recipient of some type of “windfall”.