It's the value of the ring today that counts, not how much it originally cost.

The Minnesota bankruptcy exemption for a wedding ring is up to $2,817.50 in value. In simplest terms, that means that a person filing for Chapter 7 bankruptcy may keep a wedding ring valued at up to... View More

Since you are a creditor, you should receive written notice that the business is filing bankruptcy.

Yes, the creditor can hold the co-signer responsible for the debt.

A: A Bankruptcy discharges prepetition debts. This means you no longer have a legal obligation to repay them. However, certain debts are not dischargeable, such as student loans, Child/Spousal Support, Taxes and Debts relating from a DUI. Unless there is unexempt property, usually a Creditor... View More

A: This can be viewed as a “Fraudulent Conveyance with the Intent to Defraud your Creditors”, unless you receive market value consideration and can show what you did with the funds. In a Bky a Trustee can consider the transfer void and proceed against the property and/or the new owner.

A: As long as you have merely placed funds in your 401K through the normal course of employment, it should be exempt 100%

A: 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.

A: 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.

A: When you file Bky everything is included. Everything you own and owe. Does not matter where it is owned; however, if your debt is outside the USA, you must include it, but it may still be collectable outside the USA. You can keep things, such as a mortgaged property via a Reaffirmation... View More

Once someone files bankruptcy you are prohibited from trying to collect the amount they owed to you, you basically cannot even call them, because there is a federal law which goes into effect on the moment the bankruptcy is filed, called the automatic stay.

If it is personal property, you may not have the right to the property if she properly noted you in the bankruptcy for any debt attached to her. If it is a car, boat, home with title the answer may be different if you can establish a lien interest.

I would need more facts to give a legal... View More

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answered on Sep 28, 2012

Assuming that your last bankruptcy was a Chapter 7 bankruptcy, you can't file another Chapter 7 until eight years after your earlier case was filed.

If you received a discharge in a Chapter 13 bankruptcy, you can't file a Chapter 7 again until six years after the Chapter 13 was... View More

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answered on Sep 28, 2012

First of all I have to say that in Chapter 7 bankruptcy it is your assets that the trustee is looking at, not so much your income. When the case is filed the trustee in a theoretical sort of way has title to all your assets, or at lease most of them. Your lawyer will have claimed most or all of... View More

Bky stays on your credit reports for 10 yrs from your filing or discharge, whichever is later. Check your dates. If it has been more than 90 days since the 10 yrs advise the report provider.

All debt, including secured (i.e. your mortgage) must be included. If you want to keep the property, you must keep the mortgage and you should request a Reaffirmation Agreement from the lender. Be sure to clear mark your intention to retain the property in the form "Statement of Intentions".

A Natural Person (vs. a business entity) can represent themself in court; however, bankruptcy is a very complicated area of law, involving a combination of Federal Procedures and State Laws. So, an attorney is recommended.

YES. If she is a Co-Owner or a Co-Debtor you should immediately speak with an Experenced Bankruptcy Attorney. Bring with you a copy of your Divorce Settlement and copies of the Deed/Mortgage.

Depending on the exemptions of your state and if there is equity, your house can be taken away from you.

This would be fraud. Depending on the amount of time between the charge and the filing of your case, you would be required to disclose this information. In some instances, it would not be dischargable. There are other strategies which an attorney would be able to discuss with you.

You can go to the District of Minnesota-Bankruptcy Courts' web site (PACER). I think the search may be free, but there is definitately a cost for accessing documents.

PACER. Go to the District of Minnesota BK Court website. You can search for businesses that filed for BK. I am not sure, however, how notice is given for the asset sale. I would assume there should be public notice.