Archived
My Chapter 7 was discharged but not closed yet. Is it safe to cash in retirement accounts and buy a home for cash?
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Answered on July 01, 2013
You haven't provided enough information to know whether or not it is safe to do so. The issuance of a discharge order doesn't speak to the issue...
Archived
Should the amount for Cash on Hand on Schedule B include the Filing Fee if I am paying the fee with cash?
Adam's answer
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Answered on July 01, 2013
Great to see you are taking the process so seriously. Both good questions. I would not include the filing fee funds since you are...
Archived
Debt collectors on chapter 7 bankruptcy?
Adam's answer
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Answered on June 27, 2013
I would and do for my clients. You should list the originating creditor and the collection company hired by the originating creditor as well for...
Archived
Was wondering about bankruptcy
Adam's answer
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Answered on June 19, 2013
Getting a fresh start, using your money for savings rather than unaffordable medical debt, building your credit are just some good reasons to...
Archived
I need to file for bankrupcy, and I desparately need a new car, do I get the new car and then file bankrupcy?
Adam's answer
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Answered on June 19, 2013
Depends on your desperation level, access to public transportation, car-pooling, etc. as an alternative to purchasing a car prior to filing for...
Archived
What form do I need to submit to withdraw my chapter 13 Bankruptcy?
Adam's answer
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Answered on May 26, 2013
Speak to your attorney, unless you filed the case yourself. A simple motion to voluntarily dismiss your case will suffice. In many jurisdictions,...
Archived
Chap 7 BK filed 5/15/13; current with 1st Mortgage. BofA sold mortgage to Green Tree. BK specifically said I wanted to keep home
Adam's answer
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Answered on May 26, 2013
You do not need to reaffirm your first mortgage. Reaffirmation is sometimes necessary/recommended for loans secured with personal property, but...
Archived
Can interest that is due on the account be part of a bankruptcy as it relates to a laptop purchased at Best Buy?
Adam's answer
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Answered on May 22, 2013
I recommend scheduling a free consultation with a local bankruptcy attorney to discuss this issue and to discuss, in broader terms, the benefits of...
Archived
Foreclosure after Chap. 7 Bankruptcy in California
Adam's answer
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Answered on May 14, 2013
Discharging your personal liability on a mortgage through a chapter 7 bankruptcy case and "surrendering" the collateral to the lender does not...
Archived
Is there a Statute of Limitations for credit card dispute ( civil case ) ?
Adam's answer
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Answered on May 10, 2013
The statute of limitations in California is four years.
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