If person "A" makes an agreement with a friend (Person "B") to purchase his assets in a chapter 7 bankruptcy case for an amount lower than the total debt, can Person "A" then come back and retain ownership of the assets after the bankruptcy case is settled?
When a Chapter 7 bankruptcy case is filed, a bankruptcy estate, consisting of all the property and interests in property of the debtor, is created, and the Ch. 7 Trustee has the sole power to deal with those estates. The exception is the debtor's "exempt property", which is...Read more »
I would keep an eye on any mail that comes in his name. Most likely they will mail him something at some point at which time you can contact them. Also look for any estate plans that he has in his home perhaps in a safe or filing cabinet. If he has an estate plan you can also try to contact the...Read more »
I have been unable to find work in the construction field during this epidemic and have had to carpal tunnel procedures gun before that and have not been able to work being the only provider in the house I have fell behind on rent
It appears that Bankruptcy may be a viable option as many grapple with Covid impacts right now. Many states and local governments stayed evictions due to the pandemic so that may be applicable in some manner.
It would be best to consult with a BK attorney to explore what options are best...Read more »
My gross adjusted income was 88,000. I have 3 children and take care of my 2 in-laws. I have unsecured debt of about $150,000. My bills are current only because I move money around to make all the payments but no matter how much I work and overtime I put in, the debt keeps climbing.
There is not a direct answer on that. For a household 6 the income is median income is $84,541. If you are above that income (which you are) you are subject to (you must take and pass) the means test to file Chapter 7. We could run the means test calculation and see of you passed (Ch 7) or failed...Read more »
Because I'm a single mother an if they garnish my wages I won't survive the reason behind the law suit is 2 cars got repossessed one because I lost my job at the time an 2 I was trying help my daughter who was in college an just got behind I'm human it happens n people like this... Read more »
Yes sir my name is Todd Buie. Got a quick question??? I have $7,000 in old fines, $13,000 in student loans from 6 years ago, an about $9,000 in medical bills. All this stuff is from around 2012. I got into some trouble an had to do around 3 years in prison. I been out for a couple years, no trouble... Read more »
His granddad took out this endowment before he died. My son also signed for this loan bc he couldn't get a loan approx $18,000 for 9 month trade school for welding. They are garnishing my son's weekly check 1/3 of it he barely can make it now financially. Can he file bankruptcy in... Read more »
There were two ATV’s included. One of which was to be picked up, years gone by no word I thought they picked it up and I’ve moved. The atv was left at a house that I no longer have contact with that person. Now they are calling again, but I don’t know what happened to it. So what will happen... Read more »
None of her other employees missed a check. She held check for over 3 months. We filed in small claims court. When she came to court, she told the judge she had his check, but filed for bankruptcy. Judge would not hear anything else. Bankruptcy has been discharged. Can she be held accountable thru... Read more »
I have contacted them and they have told me they can't reimburse me any money back. It was a laser treatment I had purchased in advance. They charged me over $900 for 6 sessions, only 2 were completed.
If the franchiser has filed bankruptcy, all you can do is file a proof of claim. If they have not filed bankruptcy, you can go file a criminal complaint for theft by failure to make required disposition of property.
I have a (trailer) renter who was being faced with foreclosure back in may and lost. Well in June the same renter filed for bankruptcy. Now the mortgage company won't come for the trailer since it's in bankruptcy. Is there anything I can do?
A judgement has been placed against me from a nursing home. The want my bank information, my car information, what I own (which I do not own any property other than my car), and what is property that is exempt. I am a full time college student and my husband is the only income we have. My dad was... Read more »
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