How Can I Handle Debt Questions with an Attorney?

TL;DR

Bankruptcy attorney John Skiba answers viewers' debt-related inquiries, discussing bankruptcy exemptions and the importance of including all debts in filings. He also shares resources like Chat GPT for assistance in debt resolution and highlights potential referral networks for legal help in various states.

Transcript

Thursday night so we are here like we are like I said each and every week to answer all things debt related uh again my name is John skeba I am a bankruptcy attorney and a consumer attorney in the state of Arizona and uh sorry I got some technical difficulties going on here already uh but we are uh in here in the state of Arizona um helping people ... Read More

Key Insights

• 👊 The attorney recommends exploring artificial intelligence tools like Chat GPT for debt resolution guidance.
• 👪 Bankruptcy exemptions vary by state, with federal exemptions applying during bankruptcy if a home was purchased within the last three years.
• 💳 It is important to include all debts, even zero balance cards, in bankruptcy filings and be prepared for termination of credit cards.
• 👮 The attorney suggests reaching out to the court clerk for guidance on motions, proposed orders, and law and motion calendars.
• 🔒 Private arbitration can be a viable alternative for resolving debt-related issues.
• 🥳 Exploring scenic places near Phoenix, Arizona, such as the Superstition Mountains, Lost Dutchman, and Canyon Lake, can be a great day trip idea.
• 💳 Bankruptcy can provide debt relief, but it's essential to be cautious of credit card applications and loans after filing.
• 🛟 Process servers have specific rules and requirements for serving, and it's best to accept service rather than risk missing important legal proceedings.
• 🥳 Requesting specific documents from the opposing party can help assess their case's strength.
• 🌱 Changes in marital status after filing for bankruptcy generally have no significant impact unless you are in a Chapter 13 repayment plan.

Questions & Answers

Q: How does the federal homestead credit amount differ from a state homestead?

Each state has its own homestead exemption amount, while the federal homestead exemption is generally lower. In bankruptcy, recent home buyers may be required to use the federal exemption.

Q: What will happen if I stop paying my Chase cards?

If you stop making payments on your Chase cards, you can expect collections efforts and potential lawsuits. Chase may also lower your credit limit if they consider you a higher risk.

Q: Do Walmart, Home Depot, and Tractor Supply credit cards need to be included in bankruptcy?

Yes, all debts must be disclosed and included in bankruptcy filings. Even if you're current on these cards, they will likely be terminated by the creditors.

Q: Is it advisable to demand arbitration with an original creditor or try to settle?

Demanding arbitration can be an option, especially if the original creditor includes an arbitration clause. However, settling with the creditor is usually recommended unless you have a defense like identity theft.

Summary & Key Takeaways

• The bankruptcy attorney addresses viewer questions and offers advice on debt-related issues.

• The attorney discusses the availability of a referral network for legal assistance in other states.

• He promotes the use of an artificial intelligence tool, Chat GPT, for debt resolution guidance.

• The attorney recommends checking out Consumer Warrior University and Solo Suit for comprehensive information and assistance.