Archived
Is a debt settled in divorce with repayment of a business loan to in-laws considered a "unsecured Priority Debt? "
Diane's answer
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Answered on June 21, 2013
No. See the link below. Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy...
Archived
Specified household goods and furnishings are exempt, but are furnishings that are not specified also exempt?
Diane's answer
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Answered on June 18, 2013
The correct answer is the one lawyer who said that only the enumerated items are exempt. The exemption law will change in mid-September....
Archived
Are half of the proceeds from sale of investment property in community property state exempt if only one is filing chapter 7 BK?
Diane's answer
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Answered on June 18, 2013
Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take...
Archived
Do household goods and furnishings, in a Chapter 7, include free standing mirrors and chandeliers, lamps, rugs, etc?
Diane's answer
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Answered on June 18, 2013
I agree with the other answer that the exemptions are very specific, at least the law that exists today. The exemption law will change about...
Archived
How long after filing bankruptcy do I need to wait to buy a fix-up house with cash?
Diane's answer
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Answered on June 16, 2013
I agree with most of the prior answers. Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced...
Archived
If we claim less than the exemption allowed in a chapter 7 petition, do we lose the unclaimed
balance of the exemption.
Diane's answer
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Answered on June 16, 2013
I agree with most of the prior answers. Since I do not know what you are trying to protect it is difficult to answer your question. Also,...
Archived
Am I responsible for my wife's credit card debt?
Diane's answer
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Answered on June 16, 2013
I agree with the prior answers. Truthfully, it is best to assume that you are responsible for all debts incurred while you were married, no matter...
Archived
Will I be able to keep my home if I file bankruptcy?
Diane's answer
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Answered on June 16, 2013
These questions are very important. In order to protect yourself and your home it is extremely important you talk to a very experienced bankruptcy...
Timeshares and Chapter 7 bankruptcy
Diane's answer
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Answered on June 16, 2013
Your questions are good ones, but there needs to be more information about the timeshare in order to answer the question: value, maintenance fees,...
Archived
I need to file chapter 7 feel like i am drowning,i have one garnishment now for 3 yrs and 2 more ys to go,how do i get out ?
Diane's answer
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Answered on June 16, 2013
Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take...
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