Archived
I'm back. I recently told our story of making 8,000 too much with my husband on unemployment to qualify for chapter 7.
Asaph's answer
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Answered on March 08, 2011
Trustees object to chapter 13 plans. While "adversary procedure" is a term of art relating to lawsuits rather than objections to confirmation,...
Archived
In ch 7 Bankruptcy, the only property I have is my house which is exempt. so is my case asset or no asset case?
Asaph's answer
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Answered on March 07, 2011
The term of art "asset case" means that you have nonexempt assets that can be liquidated to yield a meaningful payout to creditors. The payout is...
Archived
How will chapter 7 petition and trustee treat pymnts I make on car that is not in my name in chapter 7 bankruptcy? details-->
Asaph's answer
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Answered on March 04, 2011
You don't have a debt to the finance company, but you have related expenses that you'd claim on Schedule J and the Means Test, if the latter's...
Archived
What is the difference between a foreclosure and surrendering your home b/c your mortgage company didn't reaffirm?
Asaph's answer
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Answered on March 02, 2011
I assume the question suggests there may be a unique post-bankruptcy surrender procedure (as opposed to foreclosure): that creature does not exist....
Archived
Chapter 7 Bankruptcy Creditors Meeting. How to request a new date, continue, or delay date.
Asaph's answer
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Answered on February 28, 2011
Creditors rarely appear at meetings of creditors (natch); yet, in case curiosity compels a creditor to cruise by, they need to be noticed, which is...
Archived
Reaffirmation agreement, cooling off period
Asaph's answer
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Answered on February 25, 2011
There's a cool-off period for reaffirmations per 11 USC section 524(k)(3)(J)(i), which is a sub-sub-sub-sub-section: even if you do sign a...
Archived
If bankruptcy papers were filed stating I wanted to re-affirm a debt, can this be changed before the discharge becomes effective
Asaph's answer
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Answered on February 25, 2011
A cool thing in the event one has already signed a reaffirmation contract. There's a cool-off period for reaffirmations per 11 USC section...
Archived
Bankruptcy chapter 7; how long it takes?
Asaph's answer
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Answered on February 24, 2011
In the Southern District of California, a chapter 7 nearly always concludes within about 3 months after filing. Not too shabby.
Above is...
Archived
Bankruptcy discharge of HOA
Asaph's answer
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Answered on February 24, 2011
On a tangent, HOA fees incurred prior to filing are dischargeable, yet you'll still be liable for HOA dues incurred after filing, which makes...
Archived
Chapter 13: on title, primary on mortgage, but house awarded to former spouse
Asaph's answer
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Answered on February 24, 2011
Shoot, Dorothy, your southern California brethren here have a paltry "no-look" and a meager lien strip fee. Of course, if you go by CSI homicide...
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