Archived
On schedule c, if a car or item has no value or equity, do you still have to list it on schedule c as exempt?
Alan's answer
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Answered on April 03, 2012
I exempt whatever exemption is available, so in your example, I would be claiming a $3450 exemption in the vehicle. (we use federal exemptions in MI)
Archived
I have a question in regards Bankruptcy
Alan's answer
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Answered on April 03, 2012
Tell them you have retained an attorney for bankruptcy and give them his/her contact information to confirm.
Archived
I have defaulted on my IRS payments. What happens when I file for bankrutpcy??
Alan's answer
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Answered on April 03, 2012
The discharge of taxes in bankruptcy requires a series of determinations. First, the taxes must be for a year in which the return was due at least...
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Archived
Unsecured credit card judgment filed a lien on property - can I remove in CH7?
Alan's answer
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Answered on April 03, 2012
Your bankruptcy attorney may have to bring an action to avoid the lien under section 522.
Archived
Will going bankrupt on a old mortgage with ex husband hurt current husbands credit etc?
Alan's answer
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Answered on April 03, 2012
Your bankruptcy should not have an affect on his credit or separate assets. Use the attorney finder feature at www.nacba.org
Archived
I am already discharged from BK chapter 7 in April 2010. The bank still doesn't forclosure the unit, i don't live in this unit..
Alan's answer
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Answered on April 03, 2012
You may need to sue the lender to recover enough rent to cover the HOA dues. The law change in 2005 makes you responsible as long as you are on...
Archived
Can i put hundreads of dollars in an ira account & make millions by the time im 60
Alan's answer
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Answered on April 03, 2012
The main requirement for an IRA is that you have earned income at least equal to the amount you deposit. If you are 20 and deposit $5000 per year...
Archived
If I totaled my truck and received insurance check. I have not filed bankrupcy yet. Will it be taken as income?
Alan's answer
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Answered on April 03, 2012
Talk to your attorney about this. It should not be income considered income for the means test, but it is an asset, and you need good advice on...
Archived
Withdrawal from 401k after confirmation of Ch. 13 plan? (Central District Ca.)
Alan's answer
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Answered on April 03, 2012
It sounds like you are talking about a 401(k) loan since you say you have to repay it. Since the repayment will be deducted from your pay, you...
Archived
Can I leave the state and be in chapter 13
Alan's answer
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Answered on April 03, 2012
You should also advise the chapter 13 trustee's office of your temporary address so you will get any communications from his office.
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