Archived
Chapter 7. Heard sole prop biz sometimes gets shut down. I have an LLC and am filing for myself Personally. Any chance shut down
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Answered on February 10, 2012
If you continue operating the business, the business must be listed as an asset in your bankruptcy and the value must be exempted out. Some...
Archived
Car loan and Bankruptcy
Shannon's answer
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Answered on February 09, 2012
In a Chapter 7, you have 3 legal options and you must file a statement of intention. The options are: 1 - Redeem the property (pay the creditor the...
Archived
My fiance filed chapter 7 & was discharged 2yrs ago. When we marry will this negatively impact my credit?
Shannon's answer
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Answered on February 09, 2012
Her prior bankruptcy will have no impact on your credit; however, if you are married, it could negatively effect your ability to obtain financing...
Archived
Legal Aid in Texas per household
Shannon's answer
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Answered on February 09, 2012
I would suggest that you contact legal aid and explain your situation. They will be able to tell you if you qualify for their services or not. As...
Archived
Which bankrupcy chapter is best for me?
Shannon's answer
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Answered on February 09, 2012
The right option for you will depend on the type of debt you have and are trying to eliminate, what your income is (and from what sources) and the...
Archived
I need a sample of a motion for relief from dismissal order, please help.
Shannon's answer
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Answered on February 08, 2012
I would suggest looking on your court's website, as there are many forms available there. If you are unable to find it there, you may also want to...
Archived
Can I still streamline my present VA home lone after having filed chapter chapter 7 bankruptcy?
Shannon's answer
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Answered on February 08, 2012
When you say "streamline" do you mean modify? If so, the answer is possibly, if the lender is willing to do so. With all agreements, make sure you...
Archived
Filing Bankruptcy
Shannon's answer
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Answered on February 08, 2012
Yes, there are ramifications for your brother filing for bankruptcy. He will have to value his interest in the property and will have to use his...
Archived
Bankruptcy What range of money would I expect to pay for a chapter 7 for my small corp. Small amount of assets.
Shannon's answer
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Answered on February 08, 2012
Attorney Taylor is correct. A chapter 7 bankruptcy does not have the same result as an individual chapter 7 (receiving a discharge). In most...
Archived
I just filed chap. 7 bankruptcy last Friday & received a new hospital bill today from over a month ago, can I still add it?
Shannon's answer
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Answered on February 07, 2012
As long as the medical debt is pre-petition debt (debt incurred prior to your bk filing), you can amend your schedule to include the debt. In...
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