Archived
I'm looking at filing chapter 7, I have multiple car loans. Will they allow me to choose which car I choose to keep.
Derek's answer
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Answered on July 11, 2015
Yes. On your statement of intentions you can specify which loans/assets you intend to surrender and which you intend to keep. You may have to...
Archived
In a chapter 13, over 180 days. Is there a certain dollar amount of lottery winings that need to be reported to the trustee?
Derek's answer
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Answered on July 10, 2015
You could probably keep $5 or so without reporting it to the trustee. If you win $10k, you need to report it to the trustee and will likely need...
Can I purchase a car without approval in a chapter 13?
Derek's answer
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Answered on July 10, 2015
I assume that Sacramento and Fresno are in the same district and if I am correct, then Mr. Waddell's answer is spot on. Your district probably has...
Archived
Chapter 7 Bankruptcy in Pennsylvania
Derek's answer
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Answered on July 10, 2015
This sort of issue is very district specific and is handled differently depending on where you are and who the likely trustee will be and which...
Archived
Going to recv.personal injury settlement for around $4000.need money for car repairs and bills.
Derek's answer
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Answered on July 10, 2015
I agree that your situation is unfortunate but you don't ask a question. If you're asking whether you can keep the money from the settlement, you...
Archived
Should I include deceased spouse's medical bills in Chapter 7?
Derek's answer
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Answered on July 10, 2015
Yes. As you seem to be aware, spouses can be held responsible for the medical expenses (and sometimes funeral expenses) necessary for the health...
Archived
If I file bankruptcy will they take my 401k . from me . And do I have to be behide on my bill before I think of filing bankruptc
Derek's answer
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Answered on July 09, 2015
401ks and other qualified retirement accounts are fully exempt under federal law even if your state uses the state exemptions. You just have to...
Archived
I would like to know if I should file chapter 7 bankruptcy?
Derek's answer
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Answered on July 09, 2015
The only person who can decide if you should file a Ch7 is you. that being said, you sound like a good candidate for a Ch7, if you are correct that...
Archived
Do I have to pay the missed payments from the previous chapter 13 bankruptcy before refiling?
Derek's answer
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Answered on July 09, 2015
No, you will not have to pay the payments due in the prior case. Your new payments may be higher than your old payments because your mortgage may...
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Archived
Chapter 7 BK--Do I have to include my spouse's income on form B7 if filing individually? Or any payments I made for/with him?
Derek's answer
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Answered on July 08, 2015
Yes, you have to include his income on I.
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