Archived
I want to file Chapter 7. I am certain the IRS debt will be discharged but how can I get the lien lifted?
Kevin's answer
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Answered on January 09, 2014
The debt will be dischargeable if it fits within the twin tests of 11 USC 523(a)(1) and 507(a)(8). You can only determine dischargeability of...
How am I affected if my employer files chapter 11? Will I lose my job? Do they owe me money?
Kevin's answer
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Answered on December 24, 2013
Your employer has filed Chapter 11. The bankruptcy does not have any particular effect on your employment. Only you can know if you are owed...
Archived
My father asked me to make several charges for him on my credit card with the promise to pay back and I agreed.
Kevin's answer
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Answered on December 19, 2013
An agreement to make a loan can be oral.
CH7 - Do I Have to List Non-Filing Spouse Assets on Schedule B If I Have No Partial Ownership?
Kevin's answer
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Answered on December 17, 2013
We list all property of non-debtor spouse and any other property within your world which you don't own on Statement of Financial Affairs question 14.
Archived
Can we walk away from our house that was listed in our chapter 7 bankruptcy?
Kevin's answer
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Answered on December 16, 2013
I will agree with all of what has been stated by others. However, as the foreclosure process nears its end, a short-sale may actually prolong your...
Archived
Do i need a realestate lawyer
Kevin's answer
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Answered on December 13, 2013
If you are on title to the house, the public records are correct and cannot be changed until or unless you transfer the house to someone else.
Archived
Marital Adjustments / Assets - Chapter 7
Kevin's answer
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Answered on December 12, 2013
If the car is title with "and" and if there are no joint debts, the entire vehicle is immune, which is the same functionally as exempt. You mix...
Can a trustee offer a cash settlement to cancel a 2004 exam? What is reasonable, if so?
Kevin's answer
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Answered on December 11, 2013
The offer is not just to cancel the 2004 exam, it is to resolve issues related to exemptions and discharge. You have an attorney for the purpose...
Archived
Will a car valued at 2900 on KBB be taken in a Ch 7 filing?
Kevin's answer
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Answered on December 10, 2013
That depends upon whether you are fiilng jointly, have any joint debts, how the car is titled,and the availability of wildcard exemptions to...
Archived
Just found out there is a 2nd cosigner listed on my student loan and I have no idea who this person is.
Kevin's answer
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Answered on December 06, 2013
I do not understand what you are specifically concerned about. I would be delighted to discover that some stranger has volunteered to pay my debts.
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