Questions answered by Derek R. Caldwell

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Can I lower my rent payment to the trustee?

Derek's answer | Answered on January 17, 2014

Short answer, no. Longer answer: the trustee steps into the shoes of your landlord and just because your landlord filed bankruptcy it does not...

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Can i add a unsecured property tax assessment to a discharged no asset chapter 7 bankruptcy

Derek's answer | Answered on January 17, 2014

The rules regarding the dischargeability of taxes are a bit arcane and they are more complex than can easily be discussed in this forum. You...

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If my home was included in bk in 2012 should I now sign a deed in lieu from lender? They also say im getting a 10-99 from them?

Derek's answer | Answered on January 17, 2014

I don't have a problem with the Deed in Lieu, but I agree that the 1099 should not be issued. Fortunately, your personal liability for the debt...

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If I have no equity in my home, (it's assessed at $69,500 and I still owe $72,700)

Derek's answer | Answered on January 16, 2014

You put in the current market value of the house for the house and for any property, real or personal, that you are listing on Schedules A & B. ...

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D I have a questions about Chapter 7 bankruptcy and the federal wildcard exemption.

Derek's answer | Answered on January 16, 2014

The best answer that anyone here can give you is that you really need to see a local bankruptcy attorney who can analyze your situation in far more...

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What is the chapter 7 Exempt Property claim form?

Derek's answer | Answered on January 16, 2014

I think that is a local form and you will need to go to the Middle District of North Carolina web site and the local rules to find that form and...

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I went to my 341 hearing in OCT, then a no opposition to the motion contested matter in DEC, when will I get my discharge

Derek's answer | Answered on January 16, 2014

Assuming you have taken and filed the Financial Management Course certificate with the court, you should get your discharge soon. The normal time...

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Will selling a farm via Authorization to Show Property contract w/proceeds purchasing exempted assets prevail in C 7 bankruptcy?

Derek's answer | Answered on January 15, 2014

You have asked a number of questions related to the sale or transfer of property to avoid the interest of a possible bankruptcy trustee. If you...

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Who is responsible for an error in bankruptcy filing?

Derek's answer | Answered on January 14, 2014

Unfortunately, there is no real way for anyone here to answer your question. We simply have no idea about what was supposed to have been paid,...

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Can interest from a mortgage note be added in a bankruptcy claim. Note says 2% interest to be added after grace period

Derek's answer | Answered on January 14, 2014

Yes, but you will have to break out what the principal is and what the interest is and label it as such together with any expenses you may incur...

Derek R. Caldwell's Answers (10253)

Can I lower my rent payment to the trustee?

Can i add a unsecured property tax assessment to a discharged no asset chapter 7 bankruptcy

If my home was included in bk in 2012 should I now sign a deed in lieu from lender? They also say im getting a 10-99 from them?

If I have no equity in my home, (it's assessed at $69,500 and I still owe $72,700)

D I have a questions about Chapter 7 bankruptcy and the federal wildcard exemption.

What is the chapter 7 Exempt Property claim form?

I went to my 341 hearing in OCT, then a no opposition to the motion contested matter in DEC, when will I get my discharge

Will selling a farm via Authorization to Show Property contract w/proceeds purchasing exempted assets prevail in C 7 bankruptcy?

Who is responsible for an error in bankruptcy filing?

Can interest from a mortgage note be added in a bankruptcy claim. Note says 2% interest to be added after grace period