Sole Proprietor - Chapter 7 - Means test. Over 50% of your debt coming from business debt exempts one from means test?

In Arkansas the means test does not apply if your debts are primarily business debts. You need to talk to a more experienced attorney.

So long as you aren't making more than the regular contractual payment, it is not a preference payment.

In most cases you can convert to Chapter 13 if you have the ability to fund the plan ie. make payments to repay such that creditors would receive...

Can I sell my vehicle after my chapter 7 is final?

If you scheduled and were able to fully exempt the vehicle, you can sell it once the case discharges. Do not sell anything without Court...

Chapter 7 Liquidation

Yes if there will be non-exempt equity to disburse to creditors once the home is sold.

If I filled for chapter 7 in Virginia, but now live in Nevada.. Do I need a new lawyer in Virginia or Nevada?

Unless you can get your case transferred to Nevada, you need an attorney who is licensed in Virginia.

Will I get out of Chapter 13 early?

Once the claims bar date runs, creditors are not allowed to file claims without demonstrating special circumstances such as not receiving notice. ...

Chapter 13 Bankruptcy - Schedule F questions

I see this practice used when the debt is disputed or thought to be uncollectable and the attorney for the debtor wants to be sure that the...

I am in a Chapter 13 that should be Fullfilled/Closed hopefully in less than a month. A HELOC and 2nd mortgage are in my name.

A plan modification to surrender the home might work or you might be able to convert to Chapter 7. If neither of those will work, you might...

What do I have to pay out of my personal injury settlement?

Generally, personal injury proceeds are not taxable but you should enlist the help of a CPA or tax attorney to determine for certain whether the...

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