Archived
What are the effects of 1099A. Deficiency judgement replaced by stipulated settlement note for
payment over 6 years?
Kevin's answer
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Answered on February 19, 2012
Was this deficiency judgment/settlement made part of a bankruptcy?
If so, the tax debt would not be owed since the underlying debt that was...
Archived
How long do car titles need to be out of my name before I file Chapter 7
Kevin's answer
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Answered on February 17, 2012
Transfers of property, even to an ex spouse, must be disclosed in the Statement of Financial Affairs.
As long as the transfer is disclosed,...
Archived
I have two rental properties and I live in my primary with a second mortgage on my primary and my one rental. And I want to
Kevin's answer
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Answered on February 17, 2012
Whether you can file for a Chapter 7 depends on the amount of income you have and what you are trying to do with the rental properties.
More...
Archived
Found out my husband has a Texas state lien from '02 that now amounts to $13k. No way we can pay. Would bankruptcy remove it?
Kevin's answer
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Answered on February 17, 2012
You should consult with an attorney licensed in Texas who also has experience in bankruptcy.
Generally, liens and tax debts cannot be discharged...
Archived
I have a predator home loan with indymac interest only also a 2nd and 3rd loan on house and house is underwater by about 175k?
Kevin's answer
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Answered on February 17, 2012
It is not possible to advise you if bankruptcy is your only option when you have three mortgages on a house, but it may be your best one.
Also,...
Archived
If We went BK in 2003,is it set in stone that we can't apply for in 2012
Kevin's answer
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Answered on February 16, 2012
How long that you will have to wait to file another bankruptcy will depend on a number of factors:
1) When did you file your bankruptcy? The...
Which form do I fill out? Motion to claim exempt property (statutory or constitutional) exemptions?
Kevin's answer
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Answered on February 16, 2012
This sounds like a question of State law, not bankrutpcy law.
You need to contact a lawyer in your area to discuss this form since it sounds...
Archived
Can my tax refund be garnished while I'm in the middle of filing for chapter 7?
Kevin's answer
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Answered on February 16, 2012
There are limited situations where a tax refund can be garnished, mostly involving things like arrearages on student loans or SBA loans.
The IRS...
Archived
When filing for bankruptcy, how do I come up with the figures to fill out the schedules?
Kevin's answer
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Answered on February 15, 2012
It is not necessary to have the latest bills to prepare the schedules. You can use the amounts on the credit reports that you have obtained. The...
Archived
A creditor started garnishing my wages 6 months ago. I filed for chapter 7, do i get the money that was garnished back?
Kevin's answer
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Answered on November 18, 2011
Funds that were garnished from your paycheck will not be able to be recovered by you when you file a bankruptcy.
However, once the bankruptcy is...
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