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Lost home in VA. financial hardship, moved to AZ 11 months ago, unemployed, need to discharge a student loan,
Michael's answer
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Answered on July 17, 2014
If this is a government guaranteed student loan bankruptcy may not be your best option. While there is a "hardship" discharge available in...
Archived
Does Chap 7 bankruptcy lead to any taxes owed the IRS?
Michael's answer
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Answered on July 17, 2014
No. Debt discharged in bankruptcy is not subject to a 1099 for forgiven debt or any form of income for income tax purposes.
Archived
Divorced Filing Bankruptcy...need to know if my ex should be listed as a creditor?
Michael's answer
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Answered on July 10, 2014
Your property settlement does nothing to change the rights of third party creditors. They may choose to go after your ex-spouse (or not).
Your...
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Archived
What qualifications do you need to meet in order to file for Chapter 7 bankruptcy?
Michael's answer
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Answered on July 03, 2014
Your income history is the most important factor in qualifying for a Chapter 7 bankruptcy. That doesn't appear to be your problem. However, you...
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My no-asset chapter 7 bankruptcy discharged on 6/2/14. When I can I sell my home?
Michael's answer
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Answered on June 26, 2014
If your trustee did not object to your homestead objection within 30 days of your 341 hearing or ask the court to extend the deadline for...
Archived
How can I protect a note Im holding on a property after I file bankruptcy? Property was titled to my corporation in NC.
Michael's answer
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Answered on June 21, 2014
Has anybody sued you yet? It sounds like you need a bankruptcy but you may not need one today. You need to plan responsibly and legally.
You...
If we file Bankruptcy, how far back will a Bankruptcy Court Trustee require Financial Records from ?
Michael's answer
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Answered on June 21, 2014
The trustee has a right to request any relevant information, although he may be satisfied with you initial disclosure. In Arizona, the Trustee...
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