Can a large paycheck be an issue in a chapter 7 bankruptcy? I received one lump sum check, my balance of contract for 11-12 yr.

In that you already received the check Most likely you need to spend it before filing the bankruptcy. It depends on the exemptions of the state...

If I am in the middle of filing chapter 7 bankruptcy and am in the middle of a move. Is it ok to buy appliances and furnishings?

As Thomas said - you should talk to a bankruptcy attorney first. Please understand that filing for bankruptcy is a very complicated process. It...

My 75 year old parents have about $40000.00 of credit card debt, no assests, a car pmt, 2k soc sec. should they file bankrupcty

Given their situation this is a question that really is more practical than legal. They can stop the harrasing phone calls by filing. It is...

We are moving out of the U S unable to pay our Credit Card Debt, should we provide creditors with a SKYPE number to contact us ?

Unfortunately, there is no way to guaranty a creditor/collection company will not contact your son. Some of them can be ruthless. Don't try to...

I have the question on how tax return will effect on the time we file bk on chapter 7 and chapter 13.

Your analysis is correct for a chapter 7. But I must ask, why not change your deductions so that you bring home more money now, rather than...

As the Gentlemen already stated - credit unions are notoriously difficult to deal with. They rarely are willing to offer any practical solution...

Should i list financial assistance from a relative as "Past Income From Other Sources excluding employment or business" in a BK?

The gentlemen are correct that this should not be included as "income" for your means test. But, you will need to include it in the statement of...

I owe the IRS approx 12,000 ...am getting an injury law suit settlement of about 50,000. can IRS take any of that money to pay

As Attorney Nachbar stated - it depends on whether the IRS has a lien. I recommend that you pay the taxes so as to avoid additional penalties and...

I'm in the state of Arizona, and am considering bankruptcy. If i were to file, how would it impact my ability to say buy a home,

As was stated earlier - bankruptcy does affect your credit, but so does not paying your debts on time. In the last 2 days I have received calls...

Selected as the best answer

Am I allowed to accept cash for keys after filing Ch 7 BK, and BEFORE discharge?

The really important question is "should you do a short sale after filing for bankrutpcy?" Normally, I say no unless you talk to a good bankrupcy...