Am i qualified for bankrupcy? Income before tax 70,000. credit card debt total of 30,000

I agree with Dorothy and Mitchell. Determining whether someone qualifies for bankruptcy requires an extensive analysis of detailed finanancial...

When filling out chapter 7 form Schedule I (line 7), would that be gross income?

If you are filling in line 7 on Schedule I, it sounds to me like you are a self employed business owner. If this is the case, what is normally...

I usually get bonuses in December.

A person filing bankruptcy has a duty to make a dilligent inquiry into their financial affairs so they can present an accurate, truthful picture of...

I have been successful in recovering wages garnished within the 90 days before the bankruptcy was filed in bankruptcy cases where my client was...

Do payday loans affect your bankruptcy?

I also have the experience that payday lenders normally fail to object to the discharge of debts in bankruptcy cases filed within a short period of...

Desperately need help figuring out form(s) needed for civil credit card lawsuit (over $25K)

It is not easy to answer your question as civil litigation can be complex. All of the attorneys who have responded are correct in their answers,...

I filed a reaffirmation agreement for my mortgage, but now think I should not have done so. How do I rescind it?

You may rescind (cancel) your reaffirmation agreement at any time before the bankruptcy court enters the discharge order, or before the expiration...

What happens after my 2nd mortgage has been charged off by the bank? I am going to file chapter 7 to get rid of credit card debt

"Charged off" is an accounting term and does not mean they have released the lien - the lien will remain until it is legally removed. As for what...

Does chapter 7 protect me from foreclosure, I own 2 house's and have quit paying on the 2nd mortgage on my California residence.

You cannot strip off a wholly unsecured junior mortgage in Chapter 7; under current law, that can only be accomplished in a Chapter 13 bankruptcy...

There is no requirement that you must be current on your income tax returns for filing a Chapter 7 bankruptcy. That requirement arises in Chapter...

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