Archived
If I file for chapter 7 for cc debt and it takes 6 months, can they liquidate the money I save in the meantime once finalized?
Derek's answer
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Answered on June 22, 2016
No. What you have at the time your case is filed is what matters ( except for if you inherit something or get a life insurance payout within 180...
Archived
Bankruptcy on property.
Derek's answer
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Answered on June 22, 2016
Yes, his liability for that debt was extinguished by his bankruptcy, your liability for that debt was not affected so the mortgage company could...
Archived
(Using my income) how soon after I file, do the bankruptcy professionals begin to decide how much and WHICH of my bills to pay ?
Derek's answer
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Answered on June 21, 2016
Your case is extremely likely to be dismissed. It is your job to propose a plan. Your first payment ( the amount is determined, at least initially,...
Archived
Can I take out $2000 from my savings account to pay for wedding expenses from my daughters wedding if filing for Chapter 7?
Derek's answer
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Answered on June 21, 2016
No. What you are talking about doing is called a "preferential payment" because you pay them in preference to paying your other debts. The...
Archived
Can a creditor report a voluntary repo after Chapter 7.
Derek's answer
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Answered on June 21, 2016
You should ask your attorney these questions. Yes, the lender can repo the car though many will not as long as the payments are made. Your attorney...
Archived
Sole Proprietor - Chapter 7 - Means test. Over 50% of your debt coming from business debt exempts one from means test?
Derek's answer
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Answered on June 20, 2016
Try a different, more experienced attorney. If your debts are primarily non consumer debts, then you are not subject to the means test.
Archived
Does a Ch. 7 bankruptcy wipe everything off my credit report ( negative info, delinquencies, open/closed accounts, etc.)?
Derek's answer
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Answered on June 17, 2016
Bankruptcy does not remove accurate information from your credit report. It discharges your liability for the debts you have prior to the filing of...
Archived
Can I sell my vehicle after my chapter 7 is final?
Derek's answer
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Answered on June 17, 2016
Once your trustee abandons the property and your case closes you can sell your car.
Archived
Business charges on personal credit card, are they Chapter 7 dischargeable?
Derek's answer
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Answered on June 16, 2016
Nothing in your post indicates that you committed fraud while using your credit cards. However, the devil is in the details. Make sure you discuss...
Archived
Creditor status in Chapter 7
Derek's answer
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Answered on June 15, 2016
I am afraid that you are in the same boat with the other general unsecured creditors and are not likely to get any more than the other creditors....
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