Archived
Ch7 Bankruptcy, how to describe Mobil Home residence as a Real Property asset? Also, what kind of description is needed?
Stuart's answer
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Answered on December 04, 2013
Real property is listed on Schedule A. Unless you own the land where the mobile home sits, you will list the mobile home on Schedule B as personal...
Archived
Can a person eliminate Federal/State Tax liabilities and credit card debt sold to debt collectors plus other debt from 2008?
Stuart's answer
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Answered on December 04, 2013
Your friend needs to get professional help to properly submit the unfiled tax returns. Until they are filed, the SoL does not start to run. Where...
Archived
Can I claim excess proceeds, even if I lost my home to foreclosure just prior to filing Ch 7 bankruptcy?
Stuart's answer
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Answered on December 04, 2013
It can't hurt but you need an experienced BK attorney to help you navigate this.
Archived
Chapter 7 in California. Can a household of 2 married couple with no kids take 100k 704 exemption on home?
Stuart's answer
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Answered on December 03, 2013
The amount of your homestead exemption does not directly correlate to your incomes. Selecting the appropriate exemption option can be best done...
Archived
Why would a person have to prove all the payments they made in order to prove the other person stopped making payments?
Stuart's answer
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Answered on December 03, 2013
If you are trying to litigate this case without a lawyer, you are at a distinct disadvantage. Generally, the party asserting a claim or allegation...
Can the bankruptcy trustee make a claim for surplus funds on a foreclosed home 19 months after the Bankruptcy has been closed?.
Stuart's answer
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Answered on December 03, 2013
The trustee can pursue assets after the case was closed and disburse them to creditors who filed claims.
Archived
Around one year ago I filed for chapter 7 bankruptcy. My car was recently totaled.
Stuart's answer
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Answered on December 03, 2013
If you signed a reaffirmation agreement which was approved by the court or your lawyer, you are liable for the remaining balance. Why did your...
Archived
I had a foreclosure sale date yesterday on my property. I am not sure if my house was sold yet.
Stuart's answer
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Answered on December 03, 2013
Please advise why you filed BK after the sale date? Call the sales trustee (number is on the Notice of Sale) to see what happened. Do you have a...
Archived
If I file for bk 13 and reject the executory contract, do I have to play future payments on a commercial lease?
Stuart's answer
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Answered on December 03, 2013
Avoiding unfavorable lease debt is one of the benefits of filing bankruptcy. By rejecting the lease, you are excused from liability. The lease...
I need to amend schedule C for my chapter 7 bankruptcy. Do I need to send the amended schedule to all my creditors?
Stuart's answer
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Answered on December 02, 2013
More info is needed to give you useful advice. Why are you amending Schedule C? Did you calculate your exemptions incorrectly? You cannot send...
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