There is no hard and fast rule that says your divorce cannot be finalized for two years after bankruptcy. However, in the case of divorce during...

What figure is plugged into on the SUMMARY OF SCHEDULES for I & J in Chapter 7 filing?

For Schedule I, you use the net income after deductions (as shown on Line 12). For Schedule J, yes, you list the total expenditures on Line 22.

Can an equity line that was discharged in a bankruptcy foreclose on my house? The mortgage was also discharged. we make pay

Bankruptcy discharges your personal liability on debt, but does not automatically extinguish liens. Under some facts, liens can be avoided or...

When is the Statement of Intention supposed to b filed in Chapter 7 filing?

Best practice is definitely to file the Statement of Intention with the petition. If you don't, you run the risk that your case will be dismissed...

Selected as the best answer

Am I liable for my wife's bad debt?

Unfortunately, there is not a simple answer to this question. What debt is "community debt" and what property is "community property" (regardless...

I am paying delinquent maortgage payments thorugh bankruptcy and my lender applied 1st regular payment to back-owed.

Forcing mortgage companies to correct errors is a much bigger task than it sounds like it should be. I've litigated similar issues with mortgage...

Do I have to include monies that were given to me by my parents in my monthly income when filing for chapter 7 bankruptcy?

You have to include "regular contributions to your household expenses" in calculating income for mean test purposes. For Schedule I purposes, you...

Filed chapter 7 bankruptcy, 240,000 unsecured debts, 216,000 mortgage, home worth 300,000. what is the best exemption to claim

To begin with, it would be a good idea to talk to a competent attorney to assess your entire situation. Exemptions require a look at all of your...

When filing CH.7 as an individual and completing Schedule F, if all debt is consumer debt would a set off or consideration apply

"Consideration for claim" would be a description of what that debt was for. In the case of credit card companies, you can probably just describe...

Filing chapter 7 bankruptcy. County threatening to sell my home for back property taxes. How much time will this buy me?

Chapter 7 will not delay impending foreclosure very long. The taxing authority could move for relief from the automatic stay quickly, so it is...