George asks…Can a utilities company get money from our landlord after our bankruptcy has been filed?After Filing for bankruptcy our attorney assured us that our money situation would be taken care of. A little while after, our landlord told us that the utility company is sending her to collections for our debt, of course she is a little angry about the situation and told us that she is going to get a lawyer for herself. We have already tried to call our attorney but he is out of the office. Of course we will try again later, but I was just curious if anyone has had this problem, and can they really go after someone else for our debt?LegalBeagle answers:It may depend on which utilities. Water and sewer tend to be attached to the address. The property owner is held responsible. They can even put a lien on the propety.
However, if the debt is discharged in your bankruptcy, your landlord won’t be able to come after you for the debt.Ken asks…Should we file for bankruptcy for $40,000 in debt or pay it?My hubby makes $75,000/year, but over the past 3 years, over 60% of his income has been going towards debt payment alone, meaning we have been living EXTREMELY TIGHT for 3 years now. We are now only down to $40,000 and my husband is thinking about filing NOW, after all we have already paid off! Is filing worth it?
We will be talking to a Bankruptcy attorney about this on Wednesday, but I just want to know now, if anyone has any ideas.
Thank You!LegalBeagle answers:$75,000 * 0.60 = $45,000
So, I’d say stick with it for one more year, since the debt should be paid in full.
Afterward it is paid off