Archived
I filed my Chapter 7 one week ago. I have a business associate wanting to buy the paper. Can he buy it from the Mortgage holder.
Daniel's answer
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Answered on November 06, 2009
Chances of this are small and I dont think, in my personal opinion, its a good option. You don't know if the lender will allow this to take place,...
Archived
If your are going to file banruptcy in ny do you have to get ride of the cars your presently paying off?
Daniel's answer
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Answered on November 06, 2009
You're not going to sell your car but the trustee might. You have a $2400 Bankruptcy exemption in New York towards the equity in your vehicle. In...
Archived
Bankruptcy
Daniel's answer
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Answered on November 06, 2009
Almost definitely yes. Usually any Subchapter S corp, or small corp for that matter will have a personal guarantee attached to the agreement. In...
Archived
Can u keep a finance car after filing chapter 7 n new york
Daniel's answer
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Answered on October 26, 2009
If you're asking if you can keep a financed car after Bankruptcy then the answer is yes after a few conditions are met. Number 1, the vehicle...
Archived
What are the minimum qualifications for filing chapter 7 bankruptcy
Daniel's answer
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Answered on October 22, 2009
I'd respectfully disagree with any advice telling you to try and settle these debts. Youll be spending tens of thousands of dollars in the best...
Archived
Should I claim bankruptcy before or after a judgement has been made against me?
Daniel's answer
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Answered on October 22, 2009
You should be more than able to settle the debt, especially credit card debt, for less than the amount that they are claiming. You can sometimes...
Archived
What do you do if you cosigned a loan and the primary buyer surrendered the vehicle in bankrupcy?
Daniel's answer
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Answered on October 22, 2009
Likely not. When you co-sign, with a few small exceptions, thats it. You are responsible when the other person fails to pay. Im not sure if this...
Archived
I transferred my house to my children for $1 in 2007. If I file Chapt 7 bankruptcy in 2009, is my house still an assett?
Daniel's answer
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Answered on October 22, 2009
You will have serious issue if you file and you the Trustee may actually take your home and undo the conveyance and sell it. What you did is known...
Archived
My husband makes 60,000 a year and owes over 30,000 in debt. Would he qualify for chapter 7?
Daniel's answer
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Answered on October 22, 2009
That really depends on a number of factors. I am a New York attorney and do not practice in PA, however, the Median Income Figures to qualify for...
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