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Questions Answered by Alan S. Dambrov

2 Answers | Asked in Bankruptcy for Connecticut on

Q: Can the executor of an estate transfer a $20K IRA claim in bankruptcy, from the estate to the executor?

12/31/1998 my father purchased an IRA from Tri-National Development Corp by way of Pensco Custodian FBO, for $19,132.66. On 2/23/2006 Pensco transferred a bond to my father for $18,423, after Tri-National filed for bankruptcy. Bankruptcy proceedings are ongoing under US Bankruptcy Court, Southern... Read more »

Alan S. Dambrov answered on Feb 8, 2019

Yes, attache a copy of your appointment. If you have any questions about the form, call the clerk of the Bankruptcy Court. Good Luck.

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2 Answers | Asked in Bankruptcy for Connecticut on

Q: I am a silent partner in an llc. I only own 1.85 percent of the business. Can I file chapter 7

Alan S. Dambrov answered on Oct 4, 2018

Whenever you prepare and file a bankruptcy petition and related documents you must list all assets and debts. Your share of the LLC is an asset. Depending on the value of your share, you may be able to exempt it from being liquidated and distributed to your creditors. This one of the issues that... Read more »

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3 Answers | Asked in Bankruptcy for Connecticut on

Q: Can I ever get a credit card again if I file for bankruptcy?

Alan S. Dambrov answered on Aug 17, 2018

The answer is usually yes. It does depend on all of your circumstances and history. Most clients are best served by keeping all payment current and up to date after the filing. That creates a history of responsibility and on time payments. As a guideline, two years of such experience is usually... Read more »

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2 Answers | Asked in Bankruptcy for Connecticut on

Q: I am a ticket broker and going to file bankruptcy. Can they take my season and concert tickets?

More complicated is that my unoffical partner has been financing 100% of my inventory. We split profits 50/50. All sales money goes directly to him and then he pays me my cut of profit at end of month. I also have a debt to him of 32K which he takes part of monthly from my profit. My season ticket... Read more »

Alan S. Dambrov answered on Apr 26, 2018

You are right it is complicated. Someone has to review your financial situation in its entirety. Other than the 32K debt we don't know how much is involved. While some of the value might be exempt there may be other defenses that you would need to execute and/or prepare. Can you trace and prove... Read more »

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