What do I have to file to Chapter 13 court when a Loan Modification in recieved from bank?

You will be required to do two things: 1. IF, you are making mortgage payment through the plan you will need to modify your plan to show the...

Chapter 7 bankruptcy. joint. Both spouses have a car worth a couple thousand & are using 704 exemptions in CA. Can only exempt 1

I am sorry but you may only Exemt one casr under the California exemptions. California is an Opt-Out state from the federal bankruptcy exemptions....

I forgot an asset in ch 7 BK

Yes, you should amend your petition. I am unable to answer your question as to wether or not the home is exempt without seeing your entire...

I am sorry but the answer is no. Any transfer of assets at this stage would be considered a fraudulent transfer. Keep in mind that if you...

Shoud i maintain hazard insurance on a property I surrendered in BK?

Although you are not responsible for the property per se. I.e. A fire or flood. You are still responsible if someone is injured on the...

I went to the 341 meeting for my chap 7 BK petition and trustee posted my report online.can i now take $ from IRA for school?

Your attorney job is to be cautious and to protect your interest. However, in this case I agree with the previous answer.however, my only...

Chapter 7 bankruptcy for a corporation

Generally speaking, if a Corporation as no assets just debts, no reason to file bankruptcy. The debt is just uncollectable. However, as previously...

Chapter 13 Cram-Down rental property

Yes, that sounds correct. The entire premise is to treat the unsecured portion essentially like the credit card debt. Thus, unsecured. The...

Can I sell a property that is currently under Chapter 13 plan?

Yes, However, you must obtain court permission prior to even listing the property for sale. The reason permission is required is that the house is...

Have SMALL S-Corp. Haven't made $ lately & taken very little on payrol to myself. How do I calculate income for chapter 7 purpos

For the previous six months. Gross income less expenses on a monthly basis for six months. Use the average of the six months as your income. I...