Archived
I went to the 341 meeting for my chap 7 BK petition and trustee posted my report online.can i now take $ from IRA for school?
Lysbeth's answer
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Answered on May 12, 2011
The preferred procedure would be to wait until after the deadline for filing complaints (that date is stated on the Notice of Meeting of Creditors)...
Archived
Bankruptcy
Lysbeth's answer
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Answered on May 12, 2011
The use of the term "dissolve" is difficult and confusing because one normally cannot "dissolve" a chapter 7 but you can "dismiss" a chapter 13,...
Can a Not-For-Profit file for chapter 7 or any other chapter of bankruptcy?
Lysbeth's answer
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Answered on May 09, 2011
A non-profit entity, being a corporate entity, can file for chapter 7 (see 11 USC sec.109). The basic reason for filing bankruptcy is to either...
Do I need to pay to get my vehicle out of impound just to turn it over to lender after filing Chapter 7?
Lysbeth's answer
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Answered on May 09, 2011
You may not have to pay the towing and impound fees, but this event occurred post-bankruptcy and the towing and storage companies may well come...
Archived
How long after filing chapter 7 can you buy property outright?
Lysbeth's answer
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Answered on May 07, 2011
Whether or not you can purchase property after a discharge in bankruptcy will depend on the real estate marketplace. The Bankruptcy Code and Rules...
Archived
Chapter 7 question
Lysbeth's answer
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Answered on May 07, 2011
The determination will be if he wants to finance the purchase. There is nothing in the bankruptcy law or procedure preventing or hindering the...
Archived
I was told my student loan was discharged under bankruptcy, but now, 15 years later, Iam being sued.
Lysbeth's answer
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Answered on May 07, 2011
Many years ago student loans were dischargeable in chapter 7 or 13 but Congress changed that by eliminating the statute of limitations for student...
Archived
Can mortgage bank contact us now after our bankrupcty discharge 6/22/2010? They were included in the bankruptcy.
Lysbeth's answer
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Answered on May 06, 2011
If your mortgage was still in existence at the time your bankruptcy was concluded, you are still owning the property and (hopefully) making...
Archived
Chapter 7 bankruptcy for a corporation
Lysbeth's answer
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Answered on May 06, 2011
You are correct in that corporations do not obtain a discharge under chapter 7 so the liability for the debt is not discharged. Basically, in...
Archived
Can I sell a property that is currently under Chapter 13 plan?
Lysbeth's answer
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Answered on May 05, 2011
If you obtain court permission, you can sell, refinance or otherwise change the ownership or financial structure of the property, even modify...
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