Can a creditor collects money after an individual have filed for Bankruptcy? Can a creditor have a bankruptcy case challenge?

A creditor does have a right to take your deposition to determine whether your bankruptcy schedules accurately reflect your assets and to determine...

Can you file bankruptcy if in criminal court?

Your friend can file bankruptcy, but that does not necessarily solve his problems. It will not stop the criminal matter from going forward against...

Will creditors take money from inherited Ira if claiming bankruptcy

The ability to exempt an inherited IRA depends on whether it is inherited from a spouse or someone else. The Supreme Court ruled that an IRA...

What happens with real estate when you file for bankruptcy?

Owning real estate does not prevent you from filing bankruptcy nor does it mean you will lose your house. You are allowed to protect some equity in...

Are federal taxes dismissed through bankruptcy after a certain amount of time has lapsed?

In certain circumstances the answer is yes. It depends on a number of factors. For example is it personal income tax or is it personal liability on...

Chapter 7 bankruptcy

Courts look at income and expenses as well as assets and liabilities among other things to determine eligability. Assuming you have living...

Individual Chapter 11 (don't qualify for 13) and existing car lease

Not only will it negatively impact his credit, but the leasing company will be able to sue him for any deficiency claim. I suggest you consult with...

What happens when I file bankruptcy while still have a job?

No. You are allowed to have a job and file bankruptcy. The court will consider the equity in assets and income compared to expenses among other...

The Chapter 7 will actually slow down the foreclosure since it cannot proceed while the bankruptcy stay is in effect. A creditor would need to ask...

My childs father, filed for bankruptcy. They sent me paperwork to file a claim, and I'm wondering how it will affect the support

The debtor cannot eliminate his obligation to pay child support by filing bankruptcy and in fact is obligated to continue to pay. If he is behind...