What rights does an involuntary bankrupt retain in non disclosed assets after settlement with creditors and dismissal?

I think once there's a dismissal the debtor can pursue the action, but if a schedule B was filed under penalty of perjury, the omission of that...

How will the BK trustee verify the debotrs income?

Trustees generally look at paystubs and three to six months' bank statements to verify income. If you are concerned that this debtor has...

Do I have to respond to a bankruptcy creditor's letter, even though they aren't trying to collect the debt?

Sometimes it pays to answer these letters, listing the last 4 digits of your social security number. You want to make sure that the creditor...

Chapter 7 bankruptcy. Own Scorp. Filing personally. Can I/Do I list property county tax debt for corp?County taxes personal prop

My general practice when my individual clients own closely held businesses is to list all of the corporate debts for notice purposes only. That...

Buy new car, surrender old car, declare bankruptcy.

Reading between the lines, I'm guessing that you have income that's higher than median and so you're wondering if your student loan debt will...

If a small business owner wants to file bankruptcy does he need to do a chapter 11 or can he do a chapter 7? He was sued by a

I generally dislike filing chapter 7 cases for corporations, and a chapter 11 is really intended for a company that wants to reorganize, or...

Let the trustee know what you want to do. I don't like when my clients sell their assets before a trustee issues a notice of no distribution, which...

I carry the paper on a house I sold. The buyer is now filing chapter 7. How does this affect me?

There are a number of issues to consider in this case. Is the borrower likely to default now? Is there any chance that you can get the borrower to...

I own an auto repair franchise as an s corp and not making it, i have no income as of 1/31/12, does it make sense 4 me to file

I'm not a big fan of filing corporate chapter 7 cases but if you are personally liable for any of the company debt you should definitely see a...

I filed Chapter 13 coverted to chapter 7 two years ago and discharged, can I now file Chap 13 again?

You can file chapter 13 case and complete a series of payments, but you'll not get another discharge at this point. You must wait eight years...