Amount in checking account when filing bankruptcy

You cannot have too little money in your bank accounts. Regarding too much money in a bank account, there are limits to how much you can have,...

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It is difficult in most states to eliminate student loans. Courts look at various circumstances including ability to pay in future so just because...

Pennsylvania Homeowner - Foreclosure + Divorce advice needed

Foreclosures are very slow right now and you could be in the house for over one year but the amount of time varies. You will get advance notice of...

Chapter 7 and credit card debit with my ex husband

Section 523 (a)(15) indicates that a discharge in Chapter 7 does not discharge an individual debtor from a debt incurred in the course of a ...

I used to have a business, and I had to shut it down. I'm planning of filing chapter 13, because of personal taxes

Your question presents a number of issues. Is your sister also getting a mortgage on the house? Is there equity? What are allowed exemptions? What...

I need to reopen my discharged bankruptcy. Will the trustee give me an opportunity to explain why I am doing this?

You need to file motion to reopen case and explain circumstances. If you fail to do so, the defense in the state court matter will claim you are...

I was gifted 20% of an S corportation, I have decided to leave and start my own business. the owner wants to file chapter 11

Generally no. The chapter 11 usually means the old business is going to attempt to reorganize and continue to operate. You cannot take any business...

Can you file a no asset case for a Chapter 11? I know it is common for a 7?

Chapter 11 is generally filed by a business to reorganize its financial situation or sometmes to do an orderly liquidation. If there are no assets,...

Our bankruptcy was discharged in 2009, can we add the mortgage that was accounted for and no longer afford?

Assuming you owned the property when you filed the bankruptcy, the mortgage should have been listed in schedule D of the bankruptcy forms even if...

As the others have stated, if you were terminated before you filed the bankruptcy, it should have been listed as a potential claim and you must...