Depends on many factors such as income, Chapter, equity in home, etc. contact an experienced bankruptcy attorney who can analyze your specific information and determine the answer to your question.

Yes. Not the best decision or timing but as long as you pay the refi, you should be ok.

Possibly. It depends on what the basis for the personal injury is against you.

Yes. ILCS 5/12-1006 contains the exemption for retirement plans and a 401k falls within the definition of a retirement plan contained in the statute.

No. The secured lien survives the bankruptcy. They cannot come after you for the balance but the lien is still in place. You can probably redeem the mattress for a few dollars.

Yes. They can. Talk to a local bankruptcy attorney about your options. You probably should not return the car.

That depends on many factors, including your income, other assets, spouses income if applicable, credit, etc. There is never a guarantee when a loan will or will not be successful.

If it was a Chapter 7 you filed six years ago, then you can file a new one after the six year anniversary date.

No. Chapter 11 deals with business reorganization’s only. Consumers may File chapter 13, which deals with consumer or individual reirganizations.

You may keep certain secured debts such as your car by reaffirming those debts. Reaffirmation agreements can be set aside during the earlier of 60 days after the agreement is filed with the Court or upon the Court’s issuance of an Order of Discharge.

There are standing trustees assigned to counties.

In large counties, there may be more than one trustee and one will be assigned from the list.

There's a section to put in the value, and another for the value you own. If you are on the mortgage, you put this as a debt on Schedule D, and your ex-husband would be listed as a co-debtor on Schedule H. If you are current on your mortgage, the bank, 95% of the time, will leave the... View More

If you qualify, you can certainly file bankruptcy and reject the debt management agreement.

They showed up in the tax documents.

What does that mean.

These debts are too old to be owed and will not show up on your credit report.

You could mess up by paying on them.

Whether you file or not the same rules apply as to protecting the house.

In Illinois you can protect up to $15,000.00 equity in a house you live in by claiming homestead.

This applies to creditors as well as the bankruptcy trustee.

Generally speaking, tax debts older than 2 years are dischargeable in bankruptcy, except if no tax return was filed. If there was fraud involved, the tax debt would also not be dischargeable.

Information provided for informational purposes only and should not be taken as legal advice.

Bankruptcy alone does not do anything.

If you are behind on the mortgage, the creditor could foreclose on the mortgage.

However, before they can do that, they have to have the bankruptcy court lift the stay before they can proceed on the foreclosure.

Yes it does and if military background could possibly effect security clearance

If you co-signed on the loan, then you are responsible for any debt owed, regardless of whether your husband gets a discharge in bankruptcy. If he surrenders the vehicle, then the value of the car should be deducted from the balance of the loan. You would be responsible for any amount over the... View More

The trustee wants your plan to include a provision that your Federal income tax refund or some portion of it be paid into the plan. Chapter 13 requires all of your disposable income be paid into the plan. The refund is part of your income. This provision trips up a lot of debtors because the... View More