Chapter 7 and HELOC?

A discharge in bankruptcy releases you from personal liability on a debt. It does not release properly perfected liens on property. You will be...

The chapter 13 trustee is not entitled to money you cash out of your pension if the pension was claimed exempt in your bankruptcy schedules and no...

Getting car, community property state, before refiling Ch. 13 without spouse?

There is no legal impediment to your husband incurring debt to purchase a new vehicle. Texas is a community property state, not a community debt...

Chapter 13 bankruptcy, can we sale a vehicle before the discharge

You may transfer the property id yoou claimed it as exempt in your bankruptcy schedules, no objection to exemptions was filed, more than 30 days...

I filed a chapter 7 bankruptcy in march 2002 then filed a chapter 13 in Nov 08 can i convert my chap 13 to a chapter 7 in 2010

You are not eligible to receive a discharge in a chapter 7 case filed less tha eight years before a prevous chapter 7 case was filed. The...

Ypu are obligated to pay the SBA loan and th eline of credit because you signed a personal guarantee. The house is collateral for the loans and may...

Hi im a s corp. 2 of my customers filed chapter 11. can i write off the total amount they owe?

If you are a cash basis taxpayer you may not write off the bad debt because you never declared the income. If you are an accrual basis taxpayer you...

Can our private student loans be included in our Chapter 7 bankruptcy?

There is a good chance you can discharge your private student loans because you filed your chapter 7 bankruptcy in 2004. Private student loans were...

I have a variable annuity through TIAA-CREF. Is this income exempt in Ch. 7 Bankruptcy?

The proceeds of an annuity contract issued to a resident of Florida are not subject to the claims of creditors. The operation of this exemption is...

A business client of mine filed for Chapter 7. Is this person allowed to continue operating their business?

If the business is a sole proprietorship and all of the assets of the business were determined to be exempt then the business may continue to...