Inherited property plus filing chapter7

You need someone who can value the land lease. The trustee could seize the asset and sell it if it has enough value to the bankruptcy estate. In...

Does the creditor payee still have the rights listed in the promissory Note if the debter has filed for banlruptcy

The personal obligation is discharged in a Chapter 7 bankruptcy when the individual files. If a corporation has filed, the corporate assets are...

We filed ch 13, the 341 hearing was in Oct. No determination from trustee, what are we to do? Is this "normal"?

The Bankruptcy Code sets the dates or timeframes for confirmation hearings and deadlines for objections to confirmation. Whether you will have a...

Selected as the best answer

First, student loans are not priority and you cannot make them priority. They are general unsecured debts that are not discharged. Second,...

Do I have to pay a creditor if they already sent the vehicle title to me a few years ago??

If the lien was marked satisfied on the title and it was released to either you or your husband, then there is no lien and the claim is unsecured....

These answers are not true everywhere. If the bonus is a normal part of your income, it must be included as income in your plan and the wage...

Finances

The only plus side I have seen to debt management plans (if you do them on your own) is once a debt is settled, it is settled. In Chapter 13, you...

Do I need to furfill a contract that my employee did.

In other words, the issue depends on what role your employee had and whether you put him (or her) in the position to enter into a contract. Actual...

Corporations and seed money for start up limited partnership.

The level of protection is the same. You have more formal requirements for a corporation than an LLC, but piercing the veil exists for both. Many...

Is it legal to start paying a sub to his name and not name of business and send it to different address?

What isn't stated is the type of business. If it is a corporation that you hired, I don't see how you have a choice who to pay. If it is sole...