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answered on Feb 5, 2014
A: 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... View More 
answered on Feb 5, 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... View More
answered on Feb 5, 2014
A: Taxes are not dischargeable. Equitable Distribution is Dischargeable; however, if the payment is in the “Nature of Support” it is not Dischargeable.
answered on Feb 5, 2014
A: If you are a natural person, verses a fictitious (i.e. corp, llc, etc.), you are permitted to represent yourself in court. However, Bky is a VERY COMPLICATED area of law, involving a combination of State Laws and Federal Procedures.
answered on Dec 8, 2011
If you are giving up the house, you would want to do a Seven (7) to discharge any deficiency.
For a regular person there are two basic types of bankruptcy. A Chapter 7, also called Liquidation or Straight Bankruptcy, and a Chapter 13, also called Reorganization. A 7 takes a few months, and... View More
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