Archived
I want to file chapter 7 but get a certain (somewhat nominal) amount each year in Royalties. How will this work & can I protect?
Brian's answer
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Answered on September 09, 2017
Honestly, I wouldn't worry about $1,500 per year. The present value of 1,500/yr for the next 30+ years does not exceed your wildcard exemption...
Filing personal chapter 7 but own a 1 person corporation. Will my income for means test be salary paid to me or corp. income?
Brian's answer
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Answered on September 09, 2017
This will depend on your Trustee.
Your salary is a good starting point; and may very well be the end of it.
If there are substantial retained...
If Chapter 7 has been reversed can chapter 11 be filed to consolidate the debt?
Brian's answer
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Answered on September 09, 2017
Obviously, with what's at stake, the debtor needs advice of local counsel; but it sounds like her Ch7 case is still open (in order to allow the...
Archived
Telephone Hearing for Bankruptcy?
Brian's answer
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Answered on September 08, 2017
I think you may have a slight misunderstanding about how this works.
You CAN receive a discharge in your Ch13 because it has been more than 4 yrs...
Archived
Can I resume a civil proceeding that was stayed because a company declared bankruptcy, or is there a statue of limitations?
Brian's answer
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Answered on September 07, 2017
I agree with Mr Berkus.
Additionally, you should be aware that companies do not receive discharge of debts in Ch7.
Archived
How do I voluntarily stop a chapter 13 bankruptcy?
Brian's answer
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Answered on September 05, 2017
I agree with Mr Black.
In my District, if you don't file the balance of your Schedules (which, I assume, you did not file) within 15 days, the...
Chapter 7 bank statement review?
Brian's answer
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Answered on September 04, 2017
normally (in my District) one month, often 3 - 6 months (especially if self-employed), and sometimes a year ... but they can look back further if...
Archived
Allowable living expenses?
Brian's answer
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Answered on September 04, 2017
What do you mean "withdraw cash"?
If you mean cash advances, that is fraud.
If you mean from your savings, there is no limit to how much of yur...
Archived
MY WIFE HAS WALKED AWAY,FROM OURHOME, MARRIAGE &CURRENTCHAP.#13 12MO. IN,, WHAT TO DO?
Brian's answer
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Answered on September 03, 2017
The only question mark in your post is what to do?
It is impossible for us to tell you what you should do without a whole lot more information...
Archived
Chapter 13: What to do when creditor files a Proof of Claim post-confirmation that is greater than debt limit?
Brian's answer
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Answered on September 01, 2017
You must object to the claim ... otherwise it may be allowed and cause your case to dismiss.
It's probably too late for the jurisdictional debt...
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