Archived
Can I take out $4000 from my IRA then file for chapter 13 bankruptcy?
Jeffrey's answer
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Answered on May 23, 2009
The answer is yes, however it could affect the amount you are required to repay your unsecured creditors.
When you file Chapter 13, there is a...
Archived
I am in california and file a chapter 7, will that discharged my equity line of credit ? there is no equity in these house
Jeffrey's answer
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Answered on May 23, 2009
The Chapter 7 discharge will discharge your personal liability (in personam liability) on both secured and unsecured assets. With secured assets,...
Archived
Will a corporation be considered an asset if I own 25 of the 100 shares of it, and wish to file bankruptcy?
Jeffrey's answer
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Answered on May 23, 2009
If you and your wife file for bankruptcy your interest in the corporation is considered an asset of the bankruptcy estate that must be disclosed in...
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