Chapter 7 bankruptcy husband and wife file separate to save equity. Off the wall, or a good plan?

You will get the same exemptions whether you file a joint or separate petition. Your lawyer's proposal makes things a bit more complex and...

Chapter 7 Adversary Proceeding Westchester NY

The trustee must obtain an order of the court in order to dispose of any estate property. Once an order is signed, the trustee may then sell the...

Can I get either a home equity loan or an equity line of credit in first lien position?

This is a possibility so long as the property is free and clear of any other mortgage, judgment, or tax liens. The grantee would only be limited...

Is it permissible to file taxes separately to avoid paying tax return to bankruptcy trustee?

You may file your tax returns in any way permitted by law. If strategy leaves you with no refund, there is no reason not to employ that strategy...

Is it best to purchase a vehicle before or after filing chapter 7

If you need to buy a vehicle before filing, you may do so if you can secure financing. If you attempt to borrow money to purchase a vehicle during...

I recently filed chapter 7 and received an inheritance worth more. Can I get my credit report to show I paid the debt?

The inheritance is an asset of the bankruptcy estate. The trustee will use the proceeds to pay off your creditors. The creditors will be invited...

Can my wife and I both be sued, and would we be able to file bankruptcy?

First, it is probably too early to tell what liability either you or your wife may have. To answer your first question, both you and your wife may...

Home left to 2 sisters

Neither party is required to agree to any resolution. However, if the parties cannot agree, a partition action may be needed. The end result...

Not sure if should file bankruptcy due to going through divorce high expense and not able to afford

I am assume that you are considering a bankruptcy under Chapter 7. You will not lose custody by filing a bankruptcy petition. You must make sure...

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Are my attorney fees dischargeable in bankruptcy?

Your attorney fees would be erased in bankruptcy, assuming that you are otherwise entitled to a discharge of your debts. It does not matter if the...