Archived
Can my annuity company refuse to accept repayments of my exempt TSA loan after I filed Chap. 13 bankruptcy and default my loan?
Peter's answer
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Answered on February 02, 2014
You are correct that Tax Sheltered Annuities (TSAs) are exempt. They fall under Bankruptcy Code Section 522(b)(3)(C) because they are qualify...
Archived
Is a non matured 7 year Annuity exempt in Chap. 7 Calif. Bankruptcy ? If so under what code number? Is it similar to IRA's & 401
Peter's answer
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Answered on January 31, 2014
Bankruptcy Code Section 522(b)(3)(C) is a available to CA debtors and covers certain retirement funds. If the subject annuity qualifies under the...
Archived
In chapter 7 in CA using 704 exemptions. What right does trustee have to take realtor's pending commission? It's my paycheck.
Peter's answer
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Answered on January 31, 2014
The Trustee has a duty to collect non-exempt assets. Once an escrow is open, you have already done substantially of the work necessary to earn...
Archived
If a no distribution is filed by the bankruptcy trustee after a bankruptcy was reopened is that sufficient evidence that an
Peter's answer
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Answered on January 31, 2014
I agree with prior attorney answers that Debtor can't rely on a "no distribution" or "no asset" notice by the Chapter 7 Trustee and must wait for...
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