Archived
I have a 4 million dollar personal debt..I have 5 llcs that hold equity...If I file chapter 7,will I lose my llc"s
Walter's answer
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Answered on December 10, 2012
Maybe, but it's foolish of you to rely on online advice with that much money at stake. Find a very experienced bankruptcy lawyer -- probably one...
Archived
Is there anything that I can do?
Walter's answer
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Answered on December 10, 2012
Find an experienced bankruptcy lawyer who handles chapter 13 cases as part of their regular practice. On these facts, I'd just file a chapter 13...
Archived
After receiving my credit counseling application, do i need to go to the courts to file for bankruptcy?
Walter's answer
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Answered on December 10, 2012
While I certainly don't encourage people to file for bankruptcy as a do-it-yourself project, both the Eastern and Western Districts of Michigan...
Archived
Chapter 13
Walter's answer
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Answered on December 10, 2012
This is no different than with any stale check. Mail it back and ask for it to be reissued. Beware, however, that the trustee has a duty to...
If the only non-exempt asset for m chapter 7 case is a house, does the chapter trustee get paid before or after my exemption?
Walter's answer
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Answered on December 10, 2012
If you want the trustee to sell the property for you, you'll have to agree to waive part of the exemption so that it's worthwhile to the trustee....
Archived
My chapter 13 bankruptcy was dismissed for failure to prosecute. How can I file a motion to reinstate without an attorney?
Walter's answer
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Answered on December 10, 2012
I agree with Atty McAvity. Chapter 13 is too complicated for people to handle without an attorney. A good attorney can save you much more than the...
Archived
If i defaulted on a private student loan can they go after my co signer if i file for bankruptcy in nj
Walter's answer
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Answered on December 10, 2012
I disagree with Attorney Wrobel. Code section 523(a)(8) (student loans) is an exception to the discharge in all chapters. If you file under Chapter...
Archived
In Ch 13, do I send summons to anybody who is affected by my complaint?
Walter's answer
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Answered on December 10, 2012
Bankruptcy Rule 7004 will give you the answer to this question. Procedure in adversary proceedings is very similar to procedure in U.S. District...
Can a Trustee or their Attorney, settle a lawsuit without consulting the Debtor, after discharge but before the case is closed?
Walter's answer
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Answered on December 09, 2012
If this is a chapter 7 case, the claim belongs to the trustee except to the extent you're able to (and did) exempt it. So, yes, the trustee can...
Archived
New jersey statute 34:15-29 says any award under this chapter is exempt from creditors. Do i get to keep the settlement award.
Walter's answer
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Answered on December 06, 2012
Your trustee may well insist on receiving this money in order to finish payments under your plan early. You will need a very good lawyer to push...
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