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What is the process a creditor must do to take the property back that was not exempt in a chapter 7 bankruptcy?
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Answered on May 01, 2015
Is your Chapter 7 case closed? If so, then it's irrelevant whether the property was exempt or not.
I assume you are talking about a secured...
Archived
Can I keep all of my cars worth under $1200 in bankruptcy?
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Answered on May 01, 2015
That depends on which state's exemption laws apply in your case, and what exemptions you need to take on other assets.
Assuming Nevada's...
Archived
Can trustee put my kids & I out on the street? Lawyer says trustee sent her agent to value property. I'm in California. HELP!
Mark's answer
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Answered on April 27, 2015
I have to agree with the other answers thus far.
I'm very sorry to hear about your circumstances, but I absolutely cringe when someone says...
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SHOULD I FILE FOR BANKRUPTCY EVEN IF MY UNSECURED DEBTS OF $50,000 ARE ALMOST 7 YEARS OLD ?
Mark's answer
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Answered on April 27, 2015
If NONE of your creditors has sued you and obtained a judgment against you, then you could consider not filing bankruptcy and taking the position...
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My car is financed and registered in my aunts name and she filed Chapter 11 bankruptcy. Can they take my car?
Mark's answer
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Answered on April 25, 2015
If she filed a Chapter 11 then nobody is going to "take" the vehicle as long as the required payments are made on it (pretty much the same deal as...
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If my mother-in-law lives with me and my husband and I claim her as a dependent can she file for chapter 7 bankruptcy?
Mark's answer
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Answered on April 25, 2015
Being a dependent of someone does not prevent them from filing bankruptcy. There may be other reasons that she would not be eligible for Chapter 7...
I owe about $60,000 in back taxes, can I file bankruptcy?
Mark's answer
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Answered on April 19, 2015
As the others have pointed out, you don't get to pick and choose which creditors you include in a bankruptcy case, although you can voluntarily...
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I originally filed a chapter 13 in 2007 but converted to 7 in 2008, when can I file chapter 7 again?
Mark's answer
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Answered on April 17, 2015
There's actually a difference of opinion on this issue when there is a converted case. In my opinion, the Bankruptcy Code provides that the time...
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I have student loans that are over 25 years old, can they be dismissed via bankruptcy?
Mark's answer
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Answered on April 16, 2015
I believe you're asking if the student loan debts can be discharged, not dismissed. Unfortunately, the age of the student loans no longer has any...
Archived
Does filing a chapter 7 affect someone's 401k
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Answered on April 15, 2015
Absolutely DO NOT borrow against your 401k. That is one of the biggest mistakes people make prior to filing bankruptcy. They think they're...