Archived
If a company goes bankrupt in May, but paid vendors for the previous 11 months, can a court require vendors to return payments?
Dorothy's answer
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Answered on December 07, 2010
Unlikely, unless the vendors being paid were insiders.
You see, it is one thing to show a preference in paying debt to family members & friends....
Archived
I am in the middle of a chapter 13 it has not been approved by the judge just yet, I am looking to fire and rehire legal counsel
Dorothy's answer
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Answered on December 07, 2010
You can contact other attorney's to see if they wil take your case. Expect it to cost you! Usually only inexperienced attorneys will take over a...
Archived
We are going to be filing bankruptcy.Our cards will not have been used for 6 months. should we have to worry about the creditors
Dorothy's answer
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Answered on December 07, 2010
It is unusual for credit card companies to object to a bankruptcy unless the amounts charged during the previous 6 months were really outrageous. ...
Archived
Judge rejects a reaffirmation agreement for auto, can lender repossess it?
Dorothy's answer
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Answered on December 07, 2010
Even if the contract says that filing bankruptcy is a default under the contract, bankruptcy law says creditors cannot take legal action against...
Archived
Question about discharged Ch7 and vehicle that I still have possession of
Dorothy's answer
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Answered on December 07, 2010
Filing Bankruptcy did not give you a free car! Although your personal obligation to pay the debt was discharged by the bankruptcy, the creditor...
Archived
Do I have to sell my car?
Dorothy's answer
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Answered on December 07, 2010
Exemptions are based on the equity available in a vehicle. You may be able to reduce the equity by obtaining a title loan against the vehicle...
Archived
In a bankruptcy can I include money due the umemployment depart. EDD?
Dorothy's answer
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Answered on December 06, 2010
You must include all your debts in a Bankruptcy. It's the law! The real question is whether you would be able to eliminate these debts by filing...
Archived
Do I need a tax attorney or bankruptcy attorney, or both?
Dorothy's answer
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Answered on December 06, 2010
In many instances, old tax debt (owed for more than 3 years) can be discharged in Bankruptcy. In other instances, it can make sense to use Chapter...
Archived
If the court rejects a reaffirmation agreement can the lender repossess it immediately?
Dorothy's answer
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Answered on December 06, 2010
No, the rejection of the reaffirmation does not act to remove the bankruptcy stay. The bankruptcy stay is only lifted after a discharge is entered...
Archived
How do I get rid of an execucted and recorded judgment in Chapter 7?
Dorothy's answer
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Answered on December 06, 2010
You will need to reopen your Chapter 7 case and file a motion to avoid the judgment lien because it impairs your homestead claim.
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