Please define "current value of property without deducting exemption."

For vehicles Kelly Blue Book or Nada is a good guide to use for fair market value. The trustee may ask you how you determined the fair market value...

Filing ch. 7 BK. I'm under on my house (200,000 first, 50,000 2nd). Late on both. Do I include both on Form B8?

As stated above, make sure that both lenders are listed individually and you state that you are "surrendering" the property for both lenders. These...

Do I check 11U.S.C. 522 (b)(2) or 11 U.S.C. 522(b)(3) for South Dakota state exemptions on my schedule C or neither?

I wholeheartedly agree with the previous response. You have a lot to lose or gain from a bankruptcy and you should seriously consider contacting a...

Chp 7 Bankruptcy

You can use your debit card prior to filing bankruptcy without a problem. Debit cards are not treated like credit cards as the card uses money from...

I agree with the other two attorney's answers. There is no "usually amount" discharged. Each case is unique. If you think your financial...

Can our creditor object to my bankruptcy filing? How can they object?

Yes, a creditor can object to your bankruptcy filing if they have grounds to do so. For instance, fraud or knowledge of hidden assets. Depending on...

Do creditors hear your 341 meeting if they don't show up? (Recording or transcript of your meeting?)

Generally, if a creditor has interest in your case or has information they want the trustee to know about your case (that you have hidden assets or...

Chapter 7; motion to discharge student loans. How involved is this and what would I expect to pay an attorney over the basic fee

As Atty. Caldwell has stated, it is very difficult to discharge student loans and you should not count on having the student loans discharged. Each...

What is an order of dismissal?

Dismissed means that the case is "closed." The Plaintiff has not followed the Court's civil procedure rules (has not followed the rules of the...

IS IT LIKELY THAT MY CREDIT UNION WILL ACCEPT A REAFFIRM ON MY CHAP 7 AND DOES THE REAFFIRM ALLOW FOR A PERCENT OF THE BALANCE

What type of debt are you trying to reaffirm? If you are current on the payments the credit union should allow you to reaffirm (however, that does...