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I am thinking filing a Chapter 7, but I just read that if you pay a family member over $600 in the last year it canbe a problem.
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Answered on July 11, 2010
If you repaid her on a pre-existing debt within one year prior to filing a Chapter 7 case, then it is--by definition--a preferential payment and...
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Question about a HELOC and filing chapter 7
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Answered on July 10, 2010
There is no case law of which I am aware that allows this type of "lien stripping" in a Chapter 7 case. You can probably rid of the HELOC in a...
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About to file Ch 7, just awarded PPD of $15,300. Will they take this $ or can we use to pay bills and cars off?
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Answered on July 08, 2010
I don't know what a "PPD" is, but I don't see any problem with the bankruptcy trustee or creditors taking it from you if you receive and use it...
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Do I have recourse against my BK attorney?
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Answered on July 06, 2010
As with my Illinois colleague, here in California we have case law that provides that in a no-asset chapter 7 case, there is absolutely no need to...
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Can the trustee sell my S-Corp owned car that I use for mostly personal use if I file for personal chapter 7?
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Answered on July 04, 2010
When you file a Chapter 7 case, the Trustee takes ownership and control over everything you own. This includes the presumably 100% of shares you...
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Will my car be taken by Trustee if I file chapter 7?
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Answered on June 28, 2010
Whether any asset will be taken by a trustee in a Chapter 7 case depends on the exemptions you have available under applicable laws. To see more on...
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California. Can i file chapter 7 bankruptcy and keep my home by claiming it excempt?
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Answered on June 20, 2010
That depends on how title to the property is held, how old you are, whether you are married, how much equity there is in your home, the value of...
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I got a Chapter 7 bankruptcy discharge in 2003. How long do I have to wait before a file Chapter 7 again?
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Answered on June 19, 2010
If you want to be able to receive a discharge of debts in your next chapter 7 case you need to wait until after May of 2011 to file another chapter...
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My ex huband and his wife have filed chapter 7 bankruptcy. I was going to file child support modification. What do I need to do?
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Answered on June 18, 2010
the automatic stay in the bankruptcy should not prevent you from seeking a modification of the child support. Of course, the circumstances and...
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Order Vacating Chapter 7 Order
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Answered on June 14, 2010
That depends on what Order was vacated. If it was the order discharging debts, then yes you can commence or continue collecting on debts once the...