If we buy a car before we file chapter 7 how long do we have to wait to file? I dont want to pay high intrest on a car after.
The real question is whether your interest rate will be higher before filing bankruptcy or after getting your Chapter 7 discharge. It depends from person to person. You need to check your credit report and your debt load. You might get a much better rate after bankruptcy in some cases, depending on how long you are willing to wait after the bankruptcy. The quickest way to rebuild your credit rating is to get a "secured" credit card immediately after the discharge and closing of the bankruptcy. A secured credit card is easier to get, and they regularly publish a positive credit report with the bureaus.
Plus, imagine the bankruptcy court's skepticism if you buy a car and file chapter 7 two months later.See question
We may have to file chapter 7. My wife and I have a car each, will we lose one? Or can we keep one for each?
In Florida the exemption limits for married joint-petitioners are $1,000 per car for two cars, or if you have only one car then $2,000 for the car.
If after calculating everything, there is no equity remaining, the trustee cannot touch your car. If there is some equity left, then the trustee may make you pay an amount to cover any equity not already accounted for under the note and the exemption to let you keep your car. If you cannot make that payment, then the trustee may seize and liquidate the car. In some cases, the trustee may agree to a payment plan, even in a chapter 7.See question
My attorney has been neglecting my chapter 13 case and after 12 months is now dismissed due to an error in either his part or the trustees. He is very knowledgeable but does not have enough time to handle my case. Is it feasible and ethical to sw...
It is very hard for an attorney to withdraw from a bankruptcy case because of the sensitive nature of bankruptcies. Therefore if you want to fire your attorney or change attorneys, you may have to push for it yourself. Ask for a hearing. Don't wait for the next hearing. But first talk to a competent bankruptcy attorney so they can determine whether they will be able to take over on your case.See question
I would like to remove it from my front door after it's been posted.
Not in Florida. Homeowners have a right to privacy and should not have to face the stigma of a posted notice in their neighborhood.See question
I received the summons two days ago and feel I should "answer." However, I can no longer afford the home as my husband and I divorced, and I do not want the home. I received a short sale offer on the home a few months ago and it's in the final p...
In my experience the approval/rejection process for short-sale can take much longer than the time period they give you. Instead of filing an Answer, it is better to file a Motion to Abate/Stay Foreclosure Proceedings for Pending Short-Sale Negotiation. It gives the Court notice that you are interested in the outcome of the case and that you want the Court to delay the foreclosure as long as possible in order for you to get that short-sale.
Make sure the short-sale agreement has some language in there that specifically waives the lender's right to come after you for a Deficiency Judgment. Or else you're on the hook for the difference if the house value is less than the balance on the mortgage.See question
my house is situated on 2 acres. my friend told me you are only exemted with half an acre. i have equitty in my house and 2 acres. this is my homestead and i also have agriculture zone on it.
It is a quarter acre if you are inside city limit. up to 140 acres if outside city limits. There are many other factors to consider to see of you qualify for chapter 7See question
Verizon has probably bought all the contracts that Alltel had with its customers. That's usually what happens with mergers.See question
I AM 75 YRS OLD, HAVE LOW INCOME, LIVE IN SUBSIDIZED APT...I HAVE CREDIT CARD FROM "DIRECT REWARDS, DISCOVERY".......... COUPLE MONTHS AGO I ASKED THEM TO LOWER MY INTEREST AND PAYMENTS, THAT IT IS HARD FOR ME TO PAY $30 A MONTH NOW.. I HAVE NOT U...
There is very little information about the facts that will help us determine what to do. How big is your debt? Is the credit card balance only $500 or is it $15,000? Is this your only credit card? Do you have other debt? Do you have a mortgage that you can barely pay? Or are you renting?
If you have a lot of debt, and you cannot pay $30 per month, then you might have to file bankruptcy to clear all your debt. The bankruptcy will be on your credit report for 10 years. But you are 75 years old, do you really care what your credit report looks like? There are many bankruptcy attorneys, and some are willing to help pro bono (for free), if you qualify for pro bono help.See question
Is a signed handwritten agreement legal in court
In Florida it does not matter whether a contract is handwritten or typed. Remember, an oral contract must be for less than $500, must be performable in less than one year and must not be for real-estate. Everything else must be a written contract. You could even write the contract on a napkin, both parties can sign it, and enter the napkin into court as evidence of a contract.See question
I'm confused. I'm have a professional LLC which I started 2 years ago and am confused on the payroll taxes (ie. form 941). I haven't made any money but just have been breaking even in my business so I haven't drawn any salary other than reimburs...
An automated payroll deduction system through Quickbooks or Bank of America (and I'm sure a few other banks) could have solved your headache.See question