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Bankruptcy: Tenant moved months ago, left things, now filed bankruptcy. What is procedure for handling his personal property?
Alan's answer
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Answered on January 23, 2014
Based on your version, it appears that you did not violate the stay. Does any of the property have value? Or are you just looking to get it into...
Archived
How will filing taxes be different after a Bankruptcy
Alan's answer
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Answered on January 23, 2014
You may receive a 1099c from lenders whose debt was discharged. The IRS requires this when debts become no longer collectible. IRS Form 982...
Archived
Assignment of Rent and the UCC? I filed a CH 7 10 months ago and I keep extending it because a community bank I have 10mortgages
Alan's answer
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Answered on January 23, 2014
The first place to look is the mortgage and assignment of rent document that you signed. Typical language says when you are in default, the lender...
Archived
Should I just keep paying BOA instead of reaffirming my mortgage note after a Chapter 7 bankruptcy is final?
Alan's answer
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Answered on January 23, 2014
Bankruptcy is not a default on your mortgage, so the lenders would have no grounds to foreclose as long as you keep your payments current. ...
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Archived
I have qualified for a defined-benefit pension. If my former employer declares bankruptcy, how safe is my pension?
Alan's answer
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Answered on January 23, 2014
The Pension Benefits Guaranty Corporation (PBGC) was created to protect pension plans when companies go out of business. Your employer's...
A car dealer ran my credit through 10 different banks causing a drop in my credit score. Can they do this? What can I do now?
Alan's answer
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Answered on January 22, 2014
I believe there is some provision that treats all inquiries within a short time span as only one inquiry. Look at the Fair Credit Reporting Act,...
Archived
My husband may file bankruptcy due to a lawsuit he is facing from a car accident that happened before we were married.
Alan's answer
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Answered on January 22, 2014
If his funds only were used to buy a house in both your names, that could be considered a fraudulent transfer, which the bankruptcy trustee can...
Archived
Client has 20
Is home equity considered available for liquidation in Chapter 7?
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Alan's answer
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Answered on January 22, 2014
Your situation is complex enough that you need to speak with a local bankruptcy attorney.
Archived
The home that my husband and I live in is in his name. he has some judgements against him. can they take our home and property
Alan's answer
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Answered on January 22, 2014
He needs to talk to a bankruptcy attorney. Even if he is not thinking of bankruptcy right now. This is a possible option that he needs to be...
Archived
Can I buy another house after chapter 7 was discharged 3 yrs ago.
Alan's answer
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Answered on January 22, 2014
Your bankruptcy is far enough in the past that it should not affect your ability to get a mortgage. I recommend that you buy before the...
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