Archived
Filing chapter 7 and want to redeem my car. where do I find a reliable source for true car value. will lender agree?
Brian's answer
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Answered on January 02, 2013
I agree ... but I suspect that if the lender agrees that it's worth 1,500, they would probably accept 1,000 rather than have to repo it, and sell...
Archived
Mother defaulted on credit cards, past SOL. would there be any issue with her banking account?
Brian's answer
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Answered on January 02, 2013
There is no limit to how much money she can have in her bank account ... unless she's planning on filing BK ... in which case she wouldn't want...
Archived
Will I end up paying taxes on settlement with private lender(ex-husband) on unsecured promissory note if we settle for a less?
Brian's answer
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Answered on January 02, 2013
Unless your ex would be deducting the loss or reducing previously reported income, it is unlikely that he would be filing a 1099 with the IRS...
Archived
Will the court be willing to appoint a court receiver after a company has gone through liquidation to secure abandoned assets???
Brian's answer
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Answered on January 02, 2013
Was the debtor a corporation? Is the case closed?
If the Trustee has already abandoned the asset ... you should have received a Notice of his...
Archived
In a New Jersey chapter 13, is it not true a claim can't be perfected post petition? I
Brian's answer
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Answered on December 31, 2012
If they have a valid lien, that lien remains whether they file a claim or not.
If you wish to litigate whether their lien is valid, it is a state...
Archived
I've filed bankruptcy in the past to stop auctions on my home. How many times can I file bankruptcy.
Brian's answer
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Answered on December 31, 2012
As long as no 180-day bar to filing was issued in your prior dismissal, you are always free to file another. But in answer to your supplemental...
Archived
Can both houses be kept after filing chapter 13 bankruptcy?
Brian's answer
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Answered on December 31, 2012
The short answer is 'yes' ... you can generally keep all assets in a Ch13. If you owe more than $1,000,000 plus on the two mortgages, you may not...
Archived
How do I file chapter 13 bankruptcy?
Brian's answer
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Answered on December 31, 2012
It sounds like you may be in a hurry to stop a foreclosure or repo. You can go to the BK court at 200 Jefferson Avenue, Suite 410 in Memphis and...
Archived
5 month delay
Brian's answer
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Answered on December 30, 2012
It sounds like your Ch13 was dismissed and the lender served papers again without having to file a motion for relief from the stay. I agree with...
Archived
Advice on pursuing a loan modification in lieu of a foreclosure as a requirement of relieving an automatic stay?
Brian's answer
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Answered on December 30, 2012
If there is a hearing, you or your attorney must have obtained that hearing date and filed an objection to the motion. Based on the rhetoric of...
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