I live in Colorado, I have a 30k CD and the funds 100% came from an injury lawsuit is the CD exempt from chapter 7 bankruptcy?!?
Tara's answer
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Answered on August 28, 2024
Colorado exemption statutes protect personal injury proceeds. Your attorney should review the settlement agreement from the PI case and ensure...
Can I file for a chapter 7 bankruptcy if I still live with parents, but I don’t rely on their income at all?
Tara's answer
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Answered on February 12, 2024
You can file a bankruptcy case even if you live with your parents. The means test takes into account "household income" but I would liken your...
If child support arrears get reduced to a judgment, can the judgment be discharged through bankruptcy?
Tara's answer
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Answered on September 20, 2023
Domestic support obligations are non-dischargeable in bankruptcy. There are no exceptions. You will not successfully discharge that debt.
A friend of mine filed chapter 7 after a ugly divorce about 11 years ago. She had filed a mal practice law suit two years ago.
Tara's answer
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Answered on July 25, 2023
If the malpractice action arose from pre-petition conduct, it is likely property of the bankruptcy estate and the trustee can claim it for the...
I'm on SSDI I have a home that's worth $750,000 that is paid off can a credit card company put a lien against my home
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Answered on January 26, 2023
Creditors who secure a judgement in court can place liens against property and on sale you would have to pay those liens, There is no restriction...
Is credit card debt calculated in the home equity division payout calculation?
Tara's answer
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Answered on June 19, 2021
No, only debts secured by the home are factored into the equity calculation for bankruptcy purposes. Credit card debts are unsecured, so they are...
Will the bankruptcy trustee audit my checking account after filing chapter 7? Facts added. (Revised)
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Answered on January 07, 2021
I think you need to take some quick action to avoid a possible bankruptcy fraud allegation. Full and fair disclosure is one of the hallmarks of...
After bankruptcy, wife sued by creditor who sent no bills and did not call?
Tara's answer
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Answered on March 08, 2019
Student loan debts are generally excepted from bankruptcy discharge. There is no obligation on the lender to contact you for payment. They can...