Archived
I plan to declare ch. 7 bankruptcy next year. Will my husband's checking account have to be shown to the court if my name is off
Michael's answer
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Answered on September 23, 2012
Since your husband is not part of the bankruptcy, you will not typically have to reveal his bank account to the trustee. However, there are clear...
Archived
Who are the bankruptcy trusties? are they lawyers who work for the court?
Michael's answer
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Answered on September 22, 2012
A Trustee in Bankruptcy is a person who is appointed by the United States Department of Justice or by the creditors involved in a bankruptcy...
Archived
Can a trustee sieze future business income after I file chapter 7 bankruptcy as a sole proprietor?
Michael's answer
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Answered on September 19, 2012
Although it is impossible to know for sure, based on the lack of information in your question, keep in mind that bankruptcy trustees are empowered...
Archived
Will my bank account get frozen if I file for bankruptcy?
Michael's answer
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Answered on September 15, 2012
No.
Archived
What is the SOL on money judgements in New York State.
Michael's answer
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Answered on September 01, 2012
The statute of limitations on judgments in New York State is 20 years. Do not forget that once a judgment is filed, it accrues interest at a...
Archived
After discharge of a second mortgage in a Chapter 7 case, what can that lender recover in a foreclosure action ?
Michael's answer
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Answered on August 19, 2012
If the value of the house was below the amount owed on the first mortgage at the time of the filing, you should have made a "Pond motion" under...
Archived
Bankruptcy chapter 7
Michael's answer
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Answered on August 15, 2012
You don't need to list the exact number to the penny; but you do need to list estimated amounts due in good faith.
Archived
If i take control of a property that is abandoned by a trustee in bankrupcy do i have to repay the debt owed on the house?
Michael's answer
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Answered on August 13, 2012
Assuming that you mean that you have title to the real property, and that the debt on the house is secured by the collateral, then there is a lien...
Archived
My ex filed for bankruptcy 8 days after my divorce decreed was signed. He discharged all the money he owed me.
Michael's answer
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Answered on August 10, 2012
Domestic Support Obligations are not discharged under the Bankruptcy Code. So, if the money he owed you was a DSO, he stills owes it to you; the...
Archived
Bankruptcy petition
Michael's answer
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Answered on August 10, 2012
You should list both, if you know both. That way, both parties are notified upon the filing of the petition.
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