Get free answers to your Bankruptcy legal questions from lawyers in your area.
answered on Oct 24, 2017
Trailers are the very worst way to purchase a home. It is almost always better to let the trailer go back and to purchase a home which increases in value over time. A Trailer always depreciates in value. If it is all you can afford I understand it. But the payment is rent and eventually it falls... View More
answered on Oct 23, 2017
Yes, you can file bankruptcy even if your ex-wife is on the deed and mortgage. Of course, you have to qualify to file and your bankruptcy would not get rid of any obligation your ex may have on the property. She would have to file her own bankruptcy if that was an issue. See a bankruptcy lawyer in... View More
answered on Oct 14, 2017
If you are the debtor, you will have to attend the 341 meeting of creditors. The meeting will be conducted by the Trustee. In a chapter 13 you may have to attend the confirmation hearing of your plan.
Court ordered payment of back owed maintenance.
answered on May 16, 2017
No, it does not discharge child support obligations. You may be able to pay back arreages in a chapter 13 plan. Talk with a bankruptcy lawyer to see if chapter 13 might be a good option. Good luck!
answered on Mar 28, 2017
Yes, there are very specific rules, but first and foremost, that you filed all returns timely and they were not fraudulent. You should contact a bankruptcy attorney to discuss your specific situation.
answered on Mar 5, 2017
Yes. There are 6 factors. FIRST the taxes must be at least 3 years old. SECOND you must file the returns at least 2 years before filing the bankruptcy. Third there must be no assessment within 240 days before the bankruptcy. Fourth filing any bankruptcy filed within the 3 year period will... View More
answered on Nov 14, 2016
There is an anti discrimination provision of the bankruptcy code. You never lose a professional license just because you filed bankruptcy. There may be some other reason such as an unpaid traffic violation or you didn't pay for the truck and they repossessed it. But if you lost the truck... View More
The interest
Has gone crazy I can't pay it
answered on Nov 9, 2016
Filing bankruptcy gets rid of your personal responsibility for the debt however it does not get rid of the mortgage unless you stripped the 2nd mortgage. Did your attorney talk to you about how this is done in a Chapter 13. Often if a second mortgage can be stripped and eliminated a Chapter 13... View More
answered on Nov 9, 2016
Generally since you don't owe the account any longer you can not be overdue. A correct listing should be account closed. You will have to correct this with the credit bureaus however.
answered on Jan 22, 2016
Yes you can. Depending on your state exemptions, you can exempt any anticipated tax returns. I would call a local attorney to help you through the process and make sure that is the case for your district.
Just want to no what we I'll happen if I can't pay any more
answered on Jan 22, 2016
If you filed bankruptcy and you included your 2nd MTG in it, then you are not financially obligated to pay it. However, this can impact your home. You should call your bankruptcy attorney to help you.
The corporation is with my parents and brothers and we own some rental homes. There is not much equity there and we owe on each home.
answered on Oct 22, 2015
If you were to file for bankruptcy protection, your interest in the corporation would be considered an asset of the bankruptcy estate. That interest (shares) could be sold and the proceeds used to pay your debts.
I filed Ch 7 in 2009 and was discharged in 2010. I recently got a statement from a utility company that said that I owed an outstanding balance from a date prior to my even filing bankruptcy. I was given the option to pay the balance or have my service disconnected so I unfortunately had to pay... View More
answered on Sep 14, 2015
If the debt was discharged in bankruptcy, later collection action on that debt violates the bankruptcy discharge order. Creditors who violate the discharge order may be sanctioned by the bankruptcy court. Talk to a consumer lawyer in your areas who handles bankruptcy discharge violations to... View More
We had a balloon mortgage. it matured and the bank would not refinance. we filed bankruptcy to try to save our home. The lender came up with a proposal and we agreed. We had a phone conference to finalize everything and at that point the bank backed out. Our attorney had no clue this was going to... View More
answered on Nov 3, 2014
Probably not. Lenders are ridiculously flaky like that. If you are in bankruptcy and making mortgage payments, then the automatic stay is protecting your home.
Here is some information about bankruptcy's effect on foreclosures:... View More
answered on Nov 3, 2014
If the master commissioner had notice of your bankruptcy, then it should not have been sold. If the master commissioner did not get notice, then the sale may have occurred anyway. If that happened, then the sale is final and the home is lost. Hopefully you got notice to the master commissioner... View More
I want to see if my name is on the list for employment retention. How do I do that
answered on Nov 3, 2014
Yes, a bankruptcy filing is public record. However, the employment retention information may not be filed with the court. It depends on the status of the case and the particular requirements for that court.
answered on Nov 3, 2014
No. If you've filed bankruptcy, tell your attorney immediately. I think you can threaten them with an adversary action for violating the automatic stay.
Here is more information about the automatic stay: http://www.lawrencelaws.com/what-is-an-automatic-stay-and-how-does-it-affect-me/
answered on Oct 15, 2014
That's a really broad question and I could talk your ear off for an hour giving you the answer.
Basically, a Chapter 7 is a bankruptcy where you discharge all your unsecured debt but do not get rid of secured or priority debt. It is possible to lose property in a Chapter 7 if the... View More
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