Archived
If the equity in your house is a down payment of funds from a trust that you still don't have control of, who owns the equity?
Derek's answer
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Answered on March 20, 2012
If you own your house and it is worth say $100.00 and you owe $20.00. You have $80 in equity. It does not matter if Uncle Bob or the Uncle Bob...
Archived
Equity in house causing tax return to be sent back to bk trustee?
Derek's answer
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Answered on March 20, 2012
Rather than posting to a web forum that is not really equipped to give you specific answers to this kind of question, I strongly recommend you...
Archived
Do I need to amend my paperwork in chapter 7 if I originally put a secured debt under my unsecured debt?
Derek's answer
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Answered on March 20, 2012
Technically you shold amend. I probably would not bother however since they obviously have notice of your filing. Call and tell them to come get...
Archived
Chapter 7 Bankruptcy - rescission on a car reaffirmation agreement
Derek's answer
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Answered on March 20, 2012
Mr. Oney is correct. I agree that notice to the creditor is effective in writing, frankly it should be effective even if you just call them up and...
Archived
Bankruptcy and pending lawsuit
Derek's answer
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Answered on March 19, 2012
You should definitely talk to a competent bankruptcy attorney in your area. Correctly exempting assets can be tricky, especially if this is not...
Archived
I am filing for Ch 7 and need to know what exemption to use?
Derek's answer
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Answered on March 19, 2012
Figuring out which exemptions to use can be confusing and is frequently not straightforward. Since you have not lived in AZ for the preceding two...
Archived
Needed advice please- I filed chp. 13 -MN
Derek's answer
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Answered on March 19, 2012
Yes, your utility companies, especially those to whom you have abalance which is to be cured or paid through your Ch13, can require that you pay a...
Archived
We filed chap 7 almost 4 yrs ago and never reaffirmed our mortgage. Never defalted on payments now we want to sell, can we?
Derek's answer
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Answered on March 16, 2012
Congratulations on having successfully negotiated the trials and tribulations of bankruptcy and getting back on your feet financially. Your house...
Archived
Do I still pay my car payment if I haven't attended the court date to reaffirm my vehicle yet or hold off until after court?
Derek's answer
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Answered on March 15, 2012
If you fall behind on your car payment while in your bankruptcy, even if you reaffirm the debt (which is generally a bad idea), they will seek to...
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Archived
I ha a slip and fall back in 2010 ,I did not stop work, In 2011 I had fall at work,I want to file a bancrapcy chapter 13 Can I ?
Derek's answer
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Answered on March 15, 2012
You can certtainly file a chapter13 even though you have workers compensation claims and possible personal injury claims. You need to make sure...
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