Legal Question in Credit and Debt Law in Nevada
If my home goes into forclosure, can the bank touch my CDs or bank accounts I have?
Asked on 12/15/09, 12:31 am
1 Answer from Attorneys
Jeffrey Cogan
Jeffrey A. Cogan, Esq., Ltd.
Yes, and should also worry about the IRS. Subject to some limitations, any debt that was written off by the bank means you have to pay income tax on that amount as if you earned it. There are some options around this and you may email me for an appointment to discuss for a small fee.
Answered on 12/20/09, 8:44 am
Related Questions & Answers
-
What are the ramifacations if stoped making payments on a autoloan? Asked 12/08/09, 1:51 pm in United States Nevada Credit, Debt and Collections Law
-
Is a parent obligated to tell a creditor where their child is? Asked 10/12/09, 5:11 pm in United States Nevada Credit, Debt and Collections Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
