Archived
If I file a chapter 7 BK should I get rid of two LLC's I have, both of which are just shells as of yet (no assets in either)?
Lori's answer
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Answered on April 16, 2010
The LLC's should not be an issue and should not be impacted by the bankruptcy since they have their own FEIN numbers. There is a specific place...
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Archived
Chapter 13 hopefully being converted to a 7. And why is it important to have your girlfriends income involved makes no sense.
Lori's answer
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Answered on April 15, 2010
The bankruptcy law we have now is 100% bank written. It was specifically designed to make every aspect of the process more difficult and...
Archived
Are chapter 13 payment calculated on real estate value divided by 60 months or by net spendable income?
Lori's answer
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Answered on April 15, 2010
Both... kind of... if the total of your unsecured debt is more than the unexempt value (Iiquidity) of the property, then the total unexempt value...
Archived
Will I be contacted to reaffirm my car lease?
Lori's answer
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Answered on April 15, 2010
All good responses and I agree. You paid your attorney and this is the kind of question you need to take to him/her. The answer should be...
I am an authorized user on a credit card that is not mine. Can I declare bankruptcy without hurting the primary account holder?
Lori's answer
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Answered on April 15, 2010
Firstly, you should be up front about anything that might be questionable with your attorney. That being said, a lot of times the account, even...
Archived
Can I file a chapter 7 and still save my house even though I'm behind on my mortgage? I've been in foreclosure since June of '0
Lori's answer
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Answered on April 14, 2010
The only real house-related benefit you will get from filing a Chapter 7 will be a delay in the foreclosure process. If you are interested in...
Archived
My mother co-signed on my vehicle, if i file for bankruptcy will it harm her credit?
Lori's answer
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Answered on April 13, 2010
The other answer about your mother's credit impact is 100% correct. You had another question about being able to get another car. Amazingly, if...
Archived
If I filed a joint Chapter 13 and gave the non-exempt land to the trustee how would my monthly payments then be calculated?
Lori's answer
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Answered on April 13, 2010
The answer above is completely correct. If you are in a chapter 13 and your plan isn't already paying 100 cents on the dollar to unsecured...
I reaffirmed a car loan during bankruptcy.The bank is not reporting to the credit agencies.Can i give the car back without payin
Lori's answer
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Answered on April 13, 2010
The correct purpose for reaffirming is because it was a good deal to keep the car. That's all they agreed to in the reaffirmation agreement. You...
Archived
I filed chapter 7 bankruptcy here in florida and got my debts discharged but forgot to add dell financial am i liable for bill
Lori's answer
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Answered on April 13, 2010
You still technically owe any debt you did not list in your bankruptcy petition and you can't get rid of it later if you file another bankruptcy if...
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