Archived
I am filing BK 7 with perfect credit - I have a rental home that has NEGATIVE equity, can I turn this house over 2 the lender
Kevin's answer
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Answered on September 19, 2009
Yes, you can surrender the property to the lender in a Chapter 7 bankruptcy with no further financial consequence to you. The lender is then free...
Archived
Chapter 7
Kevin's answer
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Answered on August 31, 2009
You should only have to file one bankruptcy for the following reasons:
1) When you file a bankruptcy you are asked to list all names you go by,...
Archived
Can I keep my car if I file a chapter 7 bankruptcy?
Kevin's answer
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Answered on August 31, 2009
A Chapter 7 bankruptcy would allow you to get rid of your unsecured credit card debt while continuing to pay the secured debt on your...
Archived
Can I have my pain and suffering and future medical payments exempt froma chapter 7
Kevin's answer
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Answered on August 31, 2009
The personal injury case is an asset of your bankruptcy estate and should have been listed as an asset on Schedule B of your...
Archived
How does it affect the house you are living in,if you go bankrupt?
Kevin's answer
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Answered on August 28, 2009
How a house is affected in a bankruptcy can depend on several factors:
1) If you are current on your house note and the rest of your debt is...
Archived
Debt Collector threatening court and fraud.
Kevin's answer
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Answered on August 28, 2009
It is difficult to offer a answer to your question based upon the information you have provided, however, I am uncertain why fraud would be an...
Archived
Which chapter to file?
Kevin's answer
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Answered on August 28, 2009
Whether to file a Chapter 7 or a Chapter 13 bankruptcy depends on too many factors to be able to answer your question however, I would offer the...
After filing Chapter 13 what happens if you receive a pay increase or in my case my wife regains employment.
Kevin's answer
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Answered on August 26, 2009
I would agree in general with your attorney that once a Chapter 13 Plan has been approved it is unlikely that an increase in monthly income would...
If we file bankruptcy can we use our address where we receive mail vs. our property address
Kevin's answer
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Answered on August 26, 2009
To add to the previous comment, if you are going to only list one address it must be a physical address, not a Post Office box.
Archived
I need to file bankruptcy under my INC business. Will it affect me personally?
Kevin's answer
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Answered on August 20, 2009
You can file a Chapter 7 bankruptcy for a corporation, however, unlike an individual debtor, a corporation does not get a discharge of its debts in...
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