Archived
Should i list financial assistance from a relative as "Past Income From Other Sources excluding employment or business" in a BK?
Derek's answer
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Answered on June 25, 2012
The $5k was not really income that needs to be disclosed, but disclosing it will not hurt you and may increase your credibility with the trustee. ...
Chapter 13 status "about to complete"?
Derek's answer
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Answered on June 25, 2012
They are in the final stages of administering your case in preparation for granting your discharge and closing your case. As Ms. Bunce indicated...
Archived
What good is a "Notice of Surrender of Real Property" form that one files with the county?
Derek's answer
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Answered on June 25, 2012
I advise my clients to stay in their homes until they actually get an eviction notice or at least notice tht the foreclosure sale has taken place...
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Archived
What are my rights after a bus partner files bankruptcy? partner has my 1/2 tied up in her bankruptcy. do i have any recourse?
Derek's answer
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Answered on June 24, 2012
First thing you need to do tomorrow morning is to call a competent, experienced business and bankruptcy attorney. This is way too complex a mess...
Archived
We filed chapter 7 and our heloc was discharged with this in 2012. To stay in our home we must come up with 96k and cannot.
Derek's answer
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Answered on June 24, 2012
I agree with Mr. Walton, but you could also consider filing a Ch13 if you can afford to pay off your HELOC over the course of a 60 month Ch13. I...
Archived
Can Amex go after my son who was an authorized user on my card, but He has not charged anything on the current balance ?
Derek's answer
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Answered on June 24, 2012
Typically an authorized user on a card is not responsible for the charges on the card. I have seen Amex pursue an authorized user, however, for...
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Archived
Chapter 13 and meeting of the creditors??
Derek's answer
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Answered on June 23, 2012
The trustee wants to see what is in the accounts and you have an obligation to show him/her the statements for those accounts, even if there is no...
Archived
How long should I wait to file bankruptcy given my situation?
Derek's answer
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Answered on June 21, 2012
I agree with my colleagues that given the high risk preganancy and the probable additional medical bills you and your wife will incur relating to...
Archived
Do I need permission from the trustee to buy a new appliance?
Derek's answer
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Answered on June 21, 2012
Should not be a problem unless you are incurring new debt above the threshold set in your district. Where I practice you would not need court...
Archived
Can you put a business in your business partners name and remove your own when your divorcing and filing bankruptcy
Derek's answer
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Answered on June 20, 2012
If he has a legitimate business reason for doing so other than to avoid the claims of his creditors (which includes you), then yes, he could do so....
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