Get free answers to your Bankruptcy legal questions from lawyers in your area.
I live in Hagerstown, MD. Mom was sent to the facility after a stay in the hospital. We all thought she had a nice size portfolio, but in her diminished mental capacity over the last few years, (she doesn't have Alzheimer's, it's due to old age according to a neurologist) she went... View More 
answered on Jan 24, 2017
If your name is on the contract as a guarantor then you are liable for the obligation.
Can I file for bankruptcy to get out from under this debt and some old credit card debt?
answered on Oct 16, 2016
Consult with bankruptcy counsel. Usually getting payday loans is a real bad idea because they typically carry interest rates that are way too high - sometimes more than 200%. Bankruptcy may well be a viable option.
answered on Sep 30, 2016
Do you mean post Chapter 7 filing or post Chapter 7 discharge and case closed. While the Chapter 7 is open, you need to file a motion and obtain relief from the automatic stay before acting. The property is property of the bankruptcy estate and although the debtor has custody, it is the trustee who... View More
answered on Sep 29, 2016
You don't really provide enough information for a lawyer to answer this. When were the IRS lien and judgment entered compared to the date the bankruptcy petition was filed? I assume the lien and judgment were pre-bankruptcy? What is the lien on? Real estate, tangible personal property? When I... View More
answered on Sep 29, 2016
Yes. All that is required is that you be insolvent. Just because you have no assets does not mean there are no assets recoverable from third parties due to fraudulent conveyances or preferential payments to individual creditors. This kind of thing occurred when investors were actually paid by... View More
I filed a chapter 7 10/8/2011 and just filed a chapter 13 08/28/2015. what happens to my debt after my three year payment plan? Does it still count as four years even though it was before October.
answered on Sep 14, 2015
The payment plan is usually extended to 5 years. The remaining debt is discharged, basically. You probably would be best served by speaking with a local bankruptcy attorney.
answered on Sep 13, 2015
If you file a petition for relief under the bankruptcy code, you must list all creditors. Your question does not tell us what you want to do about the house mortgage.
If you want to walk away from the house and not owe the the debt, then you can discharge the debt which is secured by your... View More
answered on Sep 10, 2015
Do you mean reaffirmation instead of ratification? What did you indicate on the schedule of intentions?
I (and two colleagues) have been contract employees of a Maryland-based corporation that is on the verge of bankruptcy. How can we find out our rights as creditors? The three of us are located in different states - Florida, Illinois and Texas.
answered on Aug 11, 2015
Get to a local law library and find a treatise on corporate bankruptcy. But really, what you need to learn is how to file a claim properly.
landlord filed for judgment in my case for $500 on oct 1. After receiving the judgment I filed for bankruptcy on oct 15. On Nov 3 there was a motion that was filed and the case was heard again. The judge amended the amount due for the judgment from Oct 1 to $1000. The $1000 amount includes Nov... View More
answered on Nov 20, 2014
Did you file your own bankruptcy case? If not then you need to have your bankruptcy attorney handle this issue. If you did file your own case you are now seeing why is it usually not a good idea to represent yourself.
I just recently won my accident case, and was awarded $40,000 by a jury. However, due to the accident, I was partially disabled and not able to work for 2 years. If I filed bankruptcy, and received the award, am I entitled to all or part of the award? Or, do I forfeit all funds?
answered on Jan 30, 2014
Any causes of action arising prior to the filing of a Bky case must be listed in the Petition. There is a strong possibility that the Trustee would take the case away from you, along with any award.
answered on Jan 30, 2014
Sign up for PACER, it is a free governmental service, as long as you use less than $15 a calendar quarter. Then sign on at the District Court's Bky Site for the specific district and perform a search. From the Docket you can print copies of the documents and check the status of your case.
Specifically, under Courts 7 Jud. Proceedings 11-504(b)(5), (f)?
answered on Jan 30, 2014
A: If you are upside down on your car, you should not have a problem keeping your it as you have no equity; however, you should claim at least a dollar exempt and state that though there is no equity, you do claim any interest you do hold is exempt.
answered on Jan 30, 2014
Debt is not the only thing to look at when considering Bky. Income must be examined to confirm you pass the Means Test (income is compared to those in your community). You must also examine transfers/sales (court could reverse transfers or sales for less than market value) and exemptions (you could... View More
answered on Jan 30, 2014
When you file Bky everything is included. Everything you own and owe. If you have secured property that you wish to keep and you are current you can do a Chapter 7 and a Reaffirmation Agreement, or surrender the property. If you are in arrears and wish to keep secured property, do a 13, and you... View More
If people receive notice from the courts about my Chapter 7, does that stop the garnishment?
answered on Jan 30, 2014
Yes, but you must forward your payroll Dept and the Creditor a copy of a Suggestion of Bankruptcy and file the original with the court which issued the Writ of Garnishment.
answered on Jan 30, 2014
Sign up for PACER, it is a free governmental service, as long as you use less than $15 a calendar quarter. Then sign on at the District Court's Bky Site for the specific district and perform a search. From the Docket you can print copies of the documents. It will also list the names,... View More
answered on Jan 30, 2014
You should file a Proof of Claim, but expect to receive pennies on the Dollar.
answered on Jun 22, 2012
Bankruptcy laws are very complex, and so are the filing procedures. In order to make sure everything is handled properly, you should consult with a bankruptcy lawyer. http://www.legal-news-network.com/bankruptcy-lawyers/
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