Archived
I file ch-7 bankruptcy on 8/4/2014 the suggestion of bk was noted in the docket entry on 8/4/2014 and
the sale happen anyway.
Derek's answer
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Answered on August 22, 2014
Assuming this is your first bankruptcy filed within the last year, then yes, the stay went into effect and the sale of the property should not have...
Archived
Filed chapter 7 bankruptcy last year, house included. Can I walk away with no recourse from the lender?
Derek's answer
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Answered on August 22, 2014
As my colleagues indicate, you can walk away from the house if you did not file a reaffirmation agreement with the mortgage company in the court...
Archived
I know I need to give up my car when I file chapter 7, but I need a car to get to work until my discharge? what are my options?
Derek's answer
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Answered on August 21, 2014
Try to find a cheap but relatively reliable car and use that. Buy it before the conversion, or shortly thereafter. You may have the whole time...
Archived
What do you write for your Federal Exemptions on Schedule C?
Derek's answer
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Answered on August 21, 2014
The best thing I can tell you to do is to reconsider your decision to file without an attorney.
Archived
Which attorneys have experience with getting student loans removed through bankruptcy in the Raleigh area of NC?
Derek's answer
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Answered on August 21, 2014
I practice in Raleigh and I do not know of anyone nearby who regularly tries to discharge student loan debts. The 4th Circuit, where we are, has...
Archived
My bankruptcy attorney was nelegent about what i to reafirm my mortage now i can not do anything
Derek's answer
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Answered on August 21, 2014
You could refinance through a different lender but you would still have the issues of the judgment liens which would likely prevent you from...
Can I include my house in Chapter 7 Bankruptcy?
Derek's answer
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Answered on August 21, 2014
You can certainly surrender your house through the bankruptcy, but until the mortgage company completes the foreclosure process or you do a deed in...
Archived
I filed my Chapter 13 In Pro Per, do I send my mortgage payments directly to the mortgage company and file proof with Courts?
Derek's answer
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Answered on August 21, 2014
You do not normally have to submit proof that you have made your on-going mortgage payments to the court. I would keep proof that I had made the...
Archived
Are there any negative impacts to contributing to a 401k prior to and during a bankruptcy?
Derek's answer
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Answered on August 21, 2014
Ms. Co's answer is very good. There is usually no problem with contributing on a consistent basis to a 401k or retirement account. I have no...
Archived
How would a distribution from a Trust be treated if received prior to filing Chapter 7?
Derek's answer
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Answered on August 21, 2014
Your interest in the trust and the pending distribution of the assets of the trust is an asset that will need to be disclosed. To the extent that...
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