Bankruptcy Questions & Answers by State
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- Florida
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- Illinois
- Indiana
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- Kentucky
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- Massachusetts
- Michigan
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- New York
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- Ohio
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- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
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Bankruptcy Questions & Answers
Q: Can I file for Chapter 7 Bankruptcy if my mom has me down as a Shareholder on her Coop?
This is considered your asset as well. While an exact answer depends on factors that require more information, most likely yes, the trustee would come after this co-op.
Q: Can civil cases be included in bankruptcy if your drivers license is suspended for nonpayment in the state of pa?
Yes. Civil cases can be included, although debts owed to the state are a bit trickier, especially if it’s a fine or court costs.
Q: My aunt bought a computer on my behalf under her name. Do I have any legal right to it?
Possession is 9/10 of the law. You may want to contact the creditor directly and see if you can negotiate a settlement. It is highly unlikely they ever find you or it, however.
Q: What If I receive my inheritance before filing for bankruptcy, can I send a part of it to someone I'm owing some money.
If you transfer assets prior to filing bankruptcy, the trustee can get them back.
This includes repaying debts over and above normal.
Q: Can I still use my inheritance for personal need after filing for bankruptcy in the USA
This is a complicated question which turns on how, what and when you received or will receive your inheritance.
Need more information to answer your question.
Q: I had my day in court and still nothing got done or decided !
You may need to get approval from the Court to incur new debt, but it is a very viable alternative to continuing with these”investors.”
Q: Does discharging student loans require a specialized bankruptcy attorney? Does it always require litigation?
The likelihood of you discharging a student loan in bankruptcy is something close to zero. Do the Dept. of Ed. payment plan program.
Q: I plan on filing for a bk w/in the next 6 mo. If my dad gifted me a car he bought for 1600 how does that affect the bk?
The vehicle is now an asset of yours. The value is fair market value not what you think its worth or what you paid or what he paid.
Under Fla. Stat. 222.25(1) you may exempt $1000 in value of a motor vehicle. You may also use any other exemptions (known as stacking) allowed to you by law.
An attorney (HIGHLY recommended) will help you through the whole process so there are no surprises to you and everything is planned out properly.
Hope this helps.
Q: If a married couple is in Ch 13 what becomes of life ins proceeds if the spouse is the beneficiary?
Q: I received my dismissal letter for my Ch. 13 in June. I'm selling my house but the title co says termination in court
If the dismissal order has been entered, you should be free to sell your house. No order needed.
Q: Wrongful termination lawsuit while employee is in process of bankruptcy?
Not much if it is a total liquidation case. Depending on the circumstances, it may be non-dischargeable in bankruptcy.
Q: I file chapter 7 in April discharge in aug when I go on my credit report its saying I pay off the amount do I still pay
If you reaffirmed the debt, you still pay it. If you did not reaffirm the debt, you do not pay it.
Q: Can a judgment against me garnish my SSDI (Disability), my old VW Bug that's worth less than $3,000, my furniture?
They cannot garnish your ssi and you probably have enough exemptions to protect the property you described. You can probably get a free consultation with a bankruptcy attorney who can give you some help
Q: How am I supposed to pay for an attorney if I'm bankrupt?
Consular a bankruptcy attorney who can advise you how to resolve trust issue in light of your financial situation.
Q: How will my filing of bankruptcy affect my alimony payments?
Alimony is considered a "domestic support obligation" or DSO in bankruptcy. It is not dischargeable in bankruptcy. It is also considered a priority claim and entitled to distribution ahead of other claims. So there should be no change in your alimony payments by reason of a bankruptcy filing.
Q: If I file for bankruptcy, do I choose which chapter to file myself?
You should determine which chapter, 7 it 13, after consultation with your bankruptcy lawyer on which your situation requires.
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