Archived
Qualified for Ch 7 (business debt) when Ch 11 filed, but not when later converted from Ch. 11 to Ch. 7? Which date counts?
Walter's answer
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Answered on January 07, 2016
Generally speaking, if your debts are primarily business (greater than 50%), you would have been exempted from the Means Test. Now what your...
Archived
Would it be considered a fraudulent transfer (paying one creditor over another one); so I wouldn't be able to file bankruptcy?
Walter's answer
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Answered on January 04, 2016
I agree with the responses from the previous two attorneys, but another piece of information that is needed is whether the creditor paid in the...
Archived
Could i file a tort against a bank for not foreclosing on a property?
Walter's answer
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Answered on October 10, 2014
It is solely at their discretion when they decide to foreclose.
What your Chapter 7 discharge did for you is relieve of of any personal...
Archived
I am filing Chapter 7 Bankruptcy without homestead and the Trustee will want my house, when do I have to move out?
Walter's answer
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Answered on October 10, 2014
I agree with the other attorneys. This cannot really be answered online. Whether the trustee decides to sell you house is dependent on quite a...
Can Trustee take income earned after a Chapter 7 Bankruptcy filing and before the discharge?
Walter's answer
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Answered on October 07, 2014
The short answer is that upon the filing of the petition, an estate is created of assets that you own. This could include wages earned prior to...
Will Trustee in Chapter 7 sell a home that is not underwater in first mortgage but underwater with second mortgage and liens?
Walter's answer
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Answered on September 27, 2014
The prospect of the trustee recovering anything for the estate seems slim to none, based upon the figures you've presented. If the trustee cannot...
Will Credit Union use cross-collateral clause to retain title on my car? do they have to disclose their intent?
Walter's answer
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Answered on September 24, 2014
I agree they are not required to inform you of their intent. I also agree on redemption of the asset by filing a Motion to Redeem (as long as you...
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