Bankruptcy Questions & Answers

Q: I live in Las Vegas Nevada and am filing bankruptcy separately from my wife.

1 Answer | Asked in Bankruptcy for Nevada on
Answered on Feb 15, 2019
Timothy Denison's answer
Yes. There is still an equitable interest that you should list as an asset on your petition. Consult your Bankruptcy lawyer as to the further ramifications of the interest, but you should list it out of an abundance of caution.

Q: I invested $10000 early 2018 in stocks. Lost half of it's value cashed out $5700 in Nov 2018 Is that income on means ts

1 Answer | Asked in Bankruptcy for Missouri on
Answered on Feb 15, 2019
Timothy Denison's answer
It is not income for purposes of the means test but it is an asset that must be disclosed and listed on your petition. Since you’ve paid taxes on it already and taken a loss on it, it is not income but it still must be listed in your petition.

Q: Reaffirmed my car and car is now trash . I'm stuck paying a car that's useless.What can i do?

1 Answer | Asked in Bankruptcy for Illinois on
Answered on Feb 15, 2019
Timothy Denison's answer
Unfortunately, if you reaffirmed the debt, you’re stuck paying it unless you can. Egotists some kind of settlement with the lender. Consult your bankruptcy attorney for options but I think you’re going to have to pay for it.

Q: If I file bankruptcy and I live with my parents still but I pay half of the heat and cable bill

1 Answer | Asked in Bankruptcy for New York on
Answered on Feb 14, 2019
Jonathan David Warner's answer
Yes, you are requires to list all your income and liabilities in your bankruptcy schedules.

Good luck.

Q: Will I lose my tax return??? Filed chapter 7

3 Answers | Asked in Bankruptcy and Tax Law for Indiana on
Answered on Feb 14, 2019
Stuart Nachbar's answer
The answer depends on if same was exempted out. Some states follow the federal exemptions and some go with State Exemptions. Talk to your counsel about same and make sure it was properly exempted out.

Q: Can I ask the debtor questions at the bankruptcy trial?

1 Answer | Asked in Bankruptcy for Delaware on
Answered on Feb 13, 2019
Timothy Denison's answer
Yes, either at the 341 creditors meeting, the trial, or both.

Q: If I am paying part of my boyfriend’s bills do I need proof for my attorney when filing chapter 7 bankruptcy?

4 Answers | Asked in Bankruptcy for New York on
Answered on Feb 13, 2019
Leonard R. Boyer's answer
If you have an attorney, that is the person to whom all your questions need to be directed.

Q: Do I need a bankruptcy lawyer?

3 Answers | Asked in Bankruptcy on
Answered on Feb 13, 2019
Stuart Nachbar's answer
Without any details, it is hard to say, but probably yes.

Q: Is property in danger during bankruptcy if I am a beneficiary on a warranty deed joint tenants w/ right of survivorship?

1 Answer | Asked in Bankruptcy for Alabama on
Answered on Feb 12, 2019
Timothy Denison's answer
It is a future contingent interest. You should be fine but consult a lawyer in preparing your petition.

Q: I went thew a foreclosure and filed Chp.7 bankrupcy after a LLC filed a referee deed on my property. They are not on my

3 Answers | Asked in Consumer Law and Bankruptcy for New York on
Answered on Feb 12, 2019
Timothy Denison's answer
You should reopen the bankruptcy, amend your schedules and matrix to add them, and then you will have protection from them, assuming their cause of action was prepetition.

Q: How do I find a Bankruptcy lawyer in Sioux Falls, SD that can file for an Iowa bankruptcy?

2 Answers | Asked in Bankruptcy for South Dakota on
Answered on Feb 11, 2019
Stuart Nachbar's answer
As long as you have been in Sioux Falls for 6 months (180 days), you can file in your current state, otherwise, you have to file where the business was. As a sole proprietor your business goes where you are

Q: How does bankruptcy affect tax refunds?

3 Answers | Asked in Bankruptcy for Arizona on
Answered on Feb 9, 2019
Timothy Denison's answer
You should consult your bankruptcy lawyer regarding how to handle the refunds but if you do spend them, you probably should use them to pay your ongoing monthly bills rather than on items that look like entertainment or waste.

Q: I have a bankruptcy chapter 13 question please?

2 Answers | Asked in Bankruptcy, Consumer Law and Family Law for Maryland on
Answered on Feb 8, 2019
Stuart Nachbar's answer
The Chapter 13 Trustee could escrow the funds with the Court, and allow your Discharge. I would look into that option

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

2 Answers | Asked in Bankruptcy for Connecticut on
Answered on Feb 8, 2019
Alan S. Dambrov's answer
Yes, attache a copy of your appointment. If you have any questions about the form, call the clerk of the Bankruptcy Court. Good Luck.

Q: I've been renting a washer and dryer from Aarons it was 700.00 brand new and ive been paying 78.00 month for 14 months

1 Answer | Asked in Bankruptcy, Consumer Law, Contracts and Products Liability for Missouri on
Answered on Feb 8, 2019
Timothy Denison's answer
You’re going to need a copy of the contract you signed with them to get the right answer.

Q: I have 2 cars in my name and I'm married. Can I keep both?

2 Answers | Asked in Bankruptcy for Oklahoma on
Answered on Feb 7, 2019
Timothy Denison's answer
Depends on the value of these vehicles and the equity therein.

Q: I am currently in bankruptcy ch 13 for 9 months my landlord is evicting me can I stop it

1 Answer | Asked in Bankruptcy and Landlord - Tenant for Georgia on
Answered on Feb 7, 2019
Stuart Nachbar's answer
Your Landlord would have to go to the Bankruptcy Court to request permission to file in State Court. Call your Bankruptcy lawyer immediately

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