126
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Accepted
If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
It looks to me like this is a 'call an attorney' situation, which is always a good idea in situations like this (family legal disputes). But, some information.
First off, if your family is going to ...
- 35.9k
62
votes
Accepted
Opportunity to buy Illinois bonds that can never default?
"Can't declare bankruptcy" isn't the same as "can't default". Bankruptcy is a specific legal process for discharging or restructuring debts. If Illinois can't declare bankruptcy, that means it will ...
- 7,011
36
votes
Opportunity to buy Illinois bonds that can never default?
If Illinois cannot go bankruptcy
This is missing a few, very important words, "...under current law."
The United States changed the law so as to allow Puerto Rico to go into a form of bankruptcy. ...
- 21k
27
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
If you've been paying on the car for three years, it's possible that your credit is in a place where you don't need a co-signer any more.
See if your bank will re-fi with you as the sole debtor. If ...
- 666
15
votes
Opportunity to buy Illinois bonds that can never default?
If you give money to a person or entity, and they don't have the ability to pay you back, it doesn't matter if they are legally required to pay you.
- 2,115
14
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
You're driving a car worth about $6000 which has a $12,000 loan against it. You're driving around in a nett debt of $6000.
The best thing your grandfather could do for you, if possible, is to take ...
- 907
11
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Opportunity to buy Illinois bonds that can never default?
Sovereign immunity is the state's ultimate "get out of bankruptcy free" card. After all, the state has a hand in defining what bankruptcy even is in their state. Federal law is a framework, states ...
7
votes
Official Bank Check
The legal department at the Bank left me a message telling me that the bank check was paid & the recipient got the funds.
Call up the bank and find out who the recipient was. Generally it can ...
- 57.2k
5
votes
If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
My grandmother passed away earlier this year. When I got my car 3 years ago, I did not have good enough credit to do it on my own or have her as a co-signer. We had arranged so that my grandmother was ...
- 159
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
I think Joe is right, it seems that you will get the car once grandpa passes. It clearly states that on the DMV page.
I would work like crazy to get this car paid off ASAP. Work extra and see if ...
- 78.5k
4
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Am I eligible to be fully vested?
Typically, companies have 3-4 year vesting schedules, which are orthogonal to why you separated from the company.
Given that and the numbers you showed, I'd say that you are only fractionally vested ...
- 50.8k
4
votes
Accepted
USA | Error in Online filling IL state income tax return
I enquired about the same situation with Illinois Income Tax department through contact form on their site. There response was that you need to file it in paper for the first time. Please see the ...
- 158
3
votes
Do counties in Illinois collect individual income tax (IIT)?
I focused on the state government:State and Local Taxes Imposed :
Below are the State and Local Taxes that have fixed rates.
State Imposed
Adult Use Cannabis Cultivation Privilege Tax
...
Hotel ...
- 143k
3
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Do counties in Illinois collect individual income tax (IIT)?
A negative is harder to prove than a positive, but this page suggests that Illinois is not one of the state's that has a county-level income tax.
If you need this information for decision-making ...
- 4,476
3
votes
Accepted
Chicago landlord opening security deposit account under tenant's name
In Illinois if the landlord has more than 25-units in the same complex they must pay interest to the tenant equivalent to what would have been earned at a bank. The landlord would need a W9 in order ...
- 70.8k
3
votes
Am I eligible to be fully vested?
You need to find the documents related to your 401(k) program. They might be available on the 401(k) site.
You need to find if when they layoff an employee they accelerate the vesting schedule.
...
- 143k
3
votes
Mortgage documents vs Credit report: am I mortgage-less now?
Go to your local tax assessors office or recorder of deeds. They should be able to tell you who holds the title and give you a copy. In fact, a lot of this information is available online just by ...
- 225
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
I was in a similar situation about a year ago, and the expedient thing to do would be to remove your grandfather from the Title. He would probably have to agree with this, but I think he will if you ...
- 235
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
My family members, particularly my aunt (his daughter), are telling me that when my grandpa dies they are taking my car.
Bring this up with Grandpa. If this is what he wants to have happen, then ...
- 1,780
2
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If the co-signer on my car loan dies, can the family take the car from me like they're threatening to?
The lead story here is you owe $12,000 on a car worth $6000!! That is an appalling situation and worth a lot to get out of it. ($6000, or a great deal more if the car is out of warranty and you are ...
2
votes
Official Bank Check
How? Basically all banks nowadays allow online deposits from a smartphone - you take a picture from the front and back of the check, and submit it, and that's it. You still have the paper check, and ...
- 37.8k
2
votes
Accepted
Federal and State Taxes on International Property as a Prize
would consulting an attorney be expensive?
If you win a prize worth $1.3 Million USD, then getting the correct legal and tax advice would be cheap.
Assuming the winner is single and that last $ of ...
- 143k
2
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Do counties in Illinois collect individual income tax (IIT)?
Illinois counties collect property tax and sales tax, but not income tax. (Source: long-time Illinois resident.)
Also see, for example, this proposal to start having a Chicago income tax here, which ...
- 35.9k
2
votes
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Can I collect unemployment as an S-Corp owner and sole employee?
Nolo.com has the requirements for collecting unemployment. Some excerpts:
In Illinois, as in most states, the base period is the earliest four of the five complete calendar quarters before you ...
- 21k
2
votes
Closing on a property: working out the numbers in advance
...but also so I know how much I will be wiring from my bank account so
I can get things ready.
Generally the title company will prepare a final statement a day or two in advance of the closing so ...
- 3,468
2
votes
Accepted
Closing on a property: working out the numbers in advance
One of the roles of the title company/attorney is to coordinate all the funds during the transaction. They calculate who is supposed to bring what, and it what form, and how the funds are to be ...
- 143k
2
votes
Income tax exemptions and deductions for Illinois part year resident?
Illinois taxes are extremely straightforward, even for part-year residents (as I will be this year!). You can see the form here, or even better file electronically on their website for free.
There ...
- 35.9k
2
votes
Remote work. Company in IL, I am a resident of Washington
I believe it is not correct for your employer to withhold IL taxes on your wages. In PUB-130 page 4, "When must I withhold Illinois Income Tax
from my employee’s compensation?", it says,
...
- 17.4k
2
votes
Can child daycare expenses be deducted on IL state taxes?
You are correct in that child daycare expenses are not deductible from Illinois income that is subject to Illinois income tax. Some educational expenses for K-12 schooling can be deducted on Schedule ...
- 31.6k
1
vote
Accepted
If I worked remotely from another state for 3 months, do I need to file in both states?
Because you lived in Illinois, then the key is what is Indiana-sourced income.
I went to the instructions for IT-40PNR Part-Year and Full-Year Nonresident
Nonresidency and Income Taxable to Indiana
A ...
- 143k
Only top scored, non community-wiki answers of a minimum length are eligible