Archived
Should I report the sales of these used textbooks as income on the bankruptcy forms? Should I report it anywhere else?
Michael's answer
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Answered on January 07, 2016
I agree with my colleagues that it is not income unless a profit has been made. So in this case, you are just recouping the costs of the purchase...
Archived
Can I use a wildcard exemption for my upcoming 2015 tax return?
Michael's answer
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Answered on January 07, 2016
Yes, you can use the wildcard exemption to exempt your 2015 tax refund even if you have not received it yet. You should list the amount that you...
Archived
Does it make sense for him to file for Chapter 13 bankruptcy? Or, should he work with a debt consolidator instead?
Michael's answer
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Answered on January 07, 2016
Your father should definitely see a bankruptcy attorney right away. The danger in your father's case is if his creditors sue him and then put a...
Archived
Do I mention financial aid anywhere on the Chapter 7 Documents. Do I list student loans as debt even though I'm still in school
Michael's answer
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Answered on January 05, 2016
All debts must be listed, including student loans, even though they will not be discharged. You should also list the financial aid you have...
After reading my situation, do I include my roommates expenses on my Chapter 7 documents.
Michael's answer
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Answered on January 05, 2016
I would only include your own expenses. If you (or your attorney) wish to give further explanation, you can always add a note on Schedule J...
Archived
How can we get this property taken out of our name? How can we get the letters to stop? Law about harassment after Ch. 13?????
Michael's answer
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Answered on January 05, 2016
I agree with my colleagues that the first thing you have to do is figure out the title situation on your property. Just because you included your...
Archived
I am over 2 years in my chapter 13 filing. I have fallen behind slightly on the payments. How can I modify or request hardship?
Michael's answer
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Answered on September 22, 2015
First, if you have an attorney, you should speak to him or her immediately as Chapter 13 bankruptcies are incredibly complicated and your attorney...
If I'm on workers comp and struggling to pay debt may I file for bankruptcy and if yes will it have any bad effect on it ?
Michael's answer
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Answered on September 22, 2015
Filing for bankruptcy will not effect your worker's comp but the amount you are receiving from worker's comp, and any other income sources, will be...
Archived
I won a judgment against my ex husband 5 months ago and now he has filed a chapter 7 bankruptcy (no-assets). He makes over $7k
Michael's answer
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Answered on September 22, 2015
I agree with my colleagues that you may have options under the bankruptcy code to file an adversary proceeding to prove that the debt he owes you...
Archived
IF I filed a cvil harassment petition within 1 year, do I need to list this on my schedule for bankruptcy 13 where
Michael's answer
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Answered on September 22, 2015
Yes, you need to list the civil harassment lawsuit on the Statement of Financial Affairs under Section 4(a) and you need to list in on Schedule B...
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