Archived
How does a creditor file for the right to a portion of funds raised from liquidation of debtor's bankruptcy estate
Scott's answer
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Answered on January 30, 2013
You did not tell us the nature of the claim you filed (unsecured, priority, secured, etc.) or the basis of the Trustee's objections, if you know. ...
Archived
On my"Proof of Claim" for my unpaid wages in chapter 11. For section 7. Documents, what if any documents do I need to provide?
Scott's answer
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Answered on January 30, 2013
The short answer (because we have no idea what documents you have) is to attach whatever documents you have to support your claim. It is also not...
Archived
Can my parents return the preferential payment?
Scott's answer
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Answered on January 30, 2013
You have a potential problem if you paid them back within a year, and you have a bigger potential problem if they give you the money back and the...
Archived
My wife and I filed Chapter 7 a few years ago. At the advice of our lawyer we didn't reaffirm the mortgage or car loan. I am
Scott's answer
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Answered on January 30, 2013
It is way too late to reaffirm in your Chapter 7 case, so that is not an option. The credit union might do a refinance - basically making you sign...
Archived
Can a creditor send me to collections if I am making a good faith payment
Scott's answer
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Answered on January 29, 2013
Sure - Unless you pay in full, as due, they can try to collect. Otherwise, everyone late on their debts would just send in a few dollars.
Archived
Bancruptcy
Scott's answer
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Answered on January 29, 2013
Free help for what? No one can give you free help unless we know what your question is.
Archived
My BK was dismissed in April, 2011. My car loan was accidently included in my BK. Can I reopen my BK and reaffirm it?
Scott's answer
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Answered on January 29, 2013
If your bankruptcy case was actually dismissed, it is of no affect at all (as far as your question is concerned). If you mean "discharged" you are...
Archived
Do we have to file wages off of the W2?
Scott's answer
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Answered on January 29, 2013
If a trustee, CPA or other identifiable person prepared the W-2, call them to discuss. Otherwise, the IRS has procedures for correcting the W-2,...
Chapter 7 Bankruptcy - Can I Included 6 month old Unsecured Personal Loan
Scott's answer
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Answered on January 29, 2013
You include (ie, schedule and disclose) all debts, whether they are 1 day old or 10 years old.
Archived
Can a buyer's lender keep them in Underwriting because the title is not cleared? Contract says I the seller can clear at closing
Scott's answer
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Answered on January 29, 2013
Sure, the lender can delay or deny the loan if there is a title issue. They are not always going to risk a significant amount of money because of...