Archived
After BK on a business, does that mean the property is still mine or does the bank own it?
Brian's answer
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Answered on July 15, 2013
What do you mean "BK on a business"? Was the business a separate legal entity like a corporation or LLC?
Bankruptcy does not transfer property...
Archived
If your BK is discharged on your business does the property remain yours?
Brian's answer
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Answered on July 15, 2013
Please see my response to your earlier version of this question.
The loan was discharged by the lien remains.
Archived
I have been given a discharge in bankruptcy and my loan on my business was discharged, does this mean the business belongs to
Brian's answer
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Answered on July 15, 2013
You have been personally discharged of the responsibility to pay that debt; but if it was secured by the assets of your business or by your home or...
Archived
Wondering if I am nearing my final payment in my chapter 13 case?
Brian's answer
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Answered on July 15, 2013
We need a little more information to answer this question.
Was your Plan set at 5 yrs because your income was over the median and 5 yrs was your...
Archived
I won a binding calif. arbitration and award. Now the defendants are seeking bankruptcy.
Brian's answer
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Answered on July 15, 2013
No - the discharge would include whatever additional damages might arise in the future from the same cause of action (unless, as Mr Starrett has...
Archived
Will my landlord br informed if i file a chapter 13 bankruptcy
Brian's answer
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Answered on July 14, 2013
If you are in an unexpired lease ... yes.
If month-to-month ... no.
Archived
Filed ch7 bk didn't reaffirm loan but stayed. Will we owe IRS if we default and short sale after 2013?
Brian's answer
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Answered on July 13, 2013
The loan was discharged in your Ch7. Debts "cancelled" in BK are not taxable ... period.
Archived
On the SOFA form, It. 10, what does "property you’ve parted with as a regular part of your business or financial affairs" mean?
Brian's answer
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Answered on July 12, 2013
It means goods you've sold in the course of running your business of selling such goods.
Unless you sell motorcycles for a living, you need to...
Archived
Chapter 7 rule about 8 years before can file again. Is it filing to filing date? Also, are there any exceptions available to rul
Brian's answer
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Answered on July 12, 2013
Filing date to filing date ... no exceptions.
Got a notice of filing report of no distribution combined with order fixing deadline to object, what is a valid objection?
Brian's answer
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Answered on July 12, 2013
No.
You would need evidence that the debtor had undisclosed and non-exempt assets which the Trustee should be administering.
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