Archived
Received 1099-A form for 2012, Acquisition or Abandonment of Secured Property. discharged Ch 7 BK (1/11). How do I file taxes?
Alan's answer
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Answered on March 02, 2013
Use tax form 982. Line 1(a) indicates the debt was discharged via title 11 (which is the bankruptcy code). Line 2 is the amount that was discharged.
Archived
Question regarding still keeping my home, that was included in a Bankruptcy.
Alan's answer
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Answered on March 02, 2013
You can file a chapter 13 and strip the second mortgage IF the first is big enough that it exceeds your equity. You can also attempt to modify the...
Archived
Can Chap 7 or 13 discharge delinquent property tax on a non-primary residence if taxes exceed its value?
Alan's answer
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Answered on February 24, 2013
Property taxes usually attach to the property, not the owner. You need to talk to a PA bankruptcy attorney to confirm that this rule applies in PA.
Archived
Chapter 7 means test. Does a leased car get treated the same way as a financed car on means test? What about on schedule B?
Alan's answer
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Answered on February 22, 2013
Yes. While there are arguments otherwise, the lease payments are treated the same as purchase loan payments on the means test. I usually leave...
Archived
Will chapter 13 stop my house from being sold at trustee sale. ?
Alan's answer
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Answered on February 21, 2013
As long as you file before the sale, you can offer up a chapter 13 plan that gets you back on track with the mortgage lender over the next 3 to 5...
Archived
Bankruptcy Problem. I was living to large for the money I was bringing in...? bankrupt 13 or debt consolidation?
Alan's answer
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Answered on February 21, 2013
You need to sit down with a bankruptcy attorney and review your details. I think you could do a chapter 7 based on your numbers. You should be...
Archived
What do you do when a creditor is listed on your credit report without an address?
Alan's answer
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Answered on February 20, 2013
Serve the attorney.
Archived
I OWN A CAMPING LOT AND CAN NO LONGER PAY THE ASSESSMENT. IVE BECOME DISABLED AND SPEND MY MONEY ON MEDICAL CARE, WHAT CAN I DO
Alan's answer
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Answered on February 20, 2013
The annual/monthly assessment continues to be your obligation if you are still the legal owner of the property. Under the 2005 changes to the...
Archived
Can my closed chapter 7 bankruptcy be reopened because of an improper filing by my ex-spouse? Will the mortgagor have recourse?
Alan's answer
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Answered on February 20, 2013
If you did it right, you listed the mortgage in you bankruptcy and it was discharged as to you. If you did not list it, AND you had on assets to...
Archived
I want to buy a house. Can I do that with a student loan judgment?
Alan's answer
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Answered on February 20, 2013
If it a legitimate student loan, then you cannot discharge it in bankruptcy when have gainful employment. So, yes, you are out of luck.
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