Questions answered by Bruce C Truesdale

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In a chapter 13 is the debtor entitled to a credit for all payments made to a mortgage holder post petition including payments

Bruce's answer | Answered on May 05, 2015

Your facts are not really clear. I believe that you made a $1,500.00 payment to the Trustee intending that it go to the mortgage company. New...

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IRS Tax Refund - BK13 -

Bruce's answer | Answered on May 05, 2015

It is the IRS's position that if you file your petition after the first of the year, say February 1st, that they may set off against the taxes for...

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Chapter 13 bankruptcy filing for a married couple... questions below.. Please help I am trying to assist my parents in filing

Bruce's answer | Answered on April 29, 2015

My colleagues have given you good answers on your first question regarding credit counseling so I won't repeat it. With regard to the issue of...

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Should I wait until chapter 7 is discharge or an abandoned letter from trustee before selling the house?

Bruce's answer | Answered on March 14, 2015

Your house is part of the "bankruptcy estate." Until the Trustee has filed a notice of abandonment and the time to object to that notice has...

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If a credit card debt was cancelled before my bankruptcy was finally discharged, but I listed it on my petition anyways...

Bruce's answer | Answered on March 10, 2015

The IRS considers "forgiven" debt to be income. If you filed your bankruptcy case before the debt was forgiven, then the debt will be...

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I'm looking for a tax attorney that can help reduce my tax debt (2007-2013).

Bruce's answer | Answered on March 10, 2015

You are looking for a tax attorney but you are appearing in the Bankruptcy Section. Well, under the proper circumstances, some taxes, income taxes...

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How can I file personal bankruptcy without impacting business?

Bruce's answer | Answered on March 03, 2015

My colleague has given you very good advice. I suggest strongly that you follow it. Now, at a more basic level, the debt you incurred on your...

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I want to learn all I can about an assignment for the benefit of creditors. This is basically State run bankruptcy.

Bruce's answer | Answered on January 27, 2015

You have already received some good answers from my colleagues regarding the Assignment for Benefit of Creditors in New Jersey. One other reason...

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WIsh I didn't need to consider chapter 7 but I wonder if thats my best option. I'm 61, husband is 70. We both lost good jobs

Bruce's answer | Answered on January 13, 2015

Before an experienced bankruptcy attorney can give you his/her opinion on whether a Chapter 7 case is right for you or if you need to file a...

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Wrong calculation of money owed on a mortgage post chapter 7

Bruce's answer | Answered on January 02, 2015

If you did not reaffirm the debt with the mortgage company and you are post-Chapter 7 - which I take to mean that your case has been completed and...

Bruce C Truesdale's Answers (352)

In a chapter 13 is the debtor entitled to a credit for all payments made to a mortgage holder post petition including payments

IRS Tax Refund - BK13 -

Chapter 13 bankruptcy filing for a married couple... questions below.. Please help I am trying to assist my parents in filing

Should I wait until chapter 7 is discharge or an abandoned letter from trustee before selling the house?

If a credit card debt was cancelled before my bankruptcy was finally discharged, but I listed it on my petition anyways...

I'm looking for a tax attorney that can help reduce my tax debt (2007-2013).

How can I file personal bankruptcy without impacting business?

I want to learn all I can about an assignment for the benefit of creditors. This is basically State run bankruptcy.

WIsh I didn't need to consider chapter 7 but I wonder if thats my best option. I'm 61, husband is 70. We both lost good jobs

Wrong calculation of money owed on a mortgage post chapter 7