Bankruptcy - Chapter 7 Question

If there's no equity in the rental, the only way you could lose it is if you stop paying for it. It sounds like bankruptcy would make sense in...

No. In fact, it could actually help. I'll be receiving a discharge, your honor, of all of my debts; so I will be able to commit more of my income...

Can loans against 401k be included in Chapter 13 bankruptcy?

No. They are debts to yourself. If you don't pay them back there will be penalties. However, your monthly loan payments should be deductible...

Can i open a new business without using my own funds if i am in a chapter 13 bsnkruptcy?

I see no problem with doing that; but if your Trustee finds out how much more income you have, he'll probably want a piece of the action (for the...

Will I still pay my mortgage servicer while BK13 and current w' trustee if I file for adversary proceeding based on code 3001 d

You don't need to file an AP to object to a claim.

I Owe back taxes (Income Tax) for several past years. What years qualify for a Chapter 13, compared to Chapter 7?

If you filed '04 '05 '06 '07 & '08 on time (with extensions) and '09 by April 15, 2010 ... those are all dischargeable now in a Ch7 and would be...

Do I need a lawyer to get rid of a judgement on my credit report after my chapter 7 BK was over.

1. Yes, you'll need a lawyer to reopen your case and remove the judgment lien to have any chance of removing it from your credit report. That...

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Collection Agency reporting debt 2 years after Chapter 13 filing?

Technically, since you have not yet been discharged of the debt, reporting that it is still owed is not a violation of the stay. But your first...

Chapter 13 Bankcruptcy and court ordered child support arrears

My colleague is correct. If, however, the child support arrears have been assigned to another party (like a state dept of child support services,...

I have an "Unemployment Forbearance", agreement (6month), but also a Notice of Default filed, now a new loan servicing company.

It is unlikely that the new company would renew your agreement ... but it's possible. If not, and you don't cure the default within 90 days of the...