Archived
I am going to get married to a man who filed Chapter 13 Bankruptcy. Will I have any financial problem as his new wife?
Pierre's answer
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Answered on September 20, 2011
No. Anything you do individually will not be affected by his bankruptcy. Any joint accounts or obligations will be affected by, at least, the...
Archived
My ex is trying to discharge marital non-support debts he was ordered to pay in divorce.
Pierre's answer
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Answered on September 20, 2011
Alimony payments, even those not specifically for support, are generally not dischargable in bankruptcy. If he was ordered to pay this alimony by a...
Archived
What happens to my bank balance (savings and checking) when I file for Chapter 7 Bk?
Pierre's answer
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Answered on September 20, 2011
Michigan does not seem to allow debtors to exempt purely cash assets. However, you are allowed to use the Bankruptcy Code exemptions in Michigan...
Archived
Can I include my company’s debts in my chapter 7 petition?
Pierre's answer
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Answered on September 20, 2011
Generally, with a closely-held company, it is a good idea for the individual and the company to declare bankruptcy together. This is true even if...
Archived
Just found out the contractor filed for bankruptsy. he has filed a.mechanics lien agaonst my property. Can he perfect the lien
Pierre's answer
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Answered on September 19, 2011
All legal actions and assets a company owns or has rights to becomes part of the the bankruptcy estate once the company enters bankruptcy...
Archived
Why was my ch 13 set up on payments that wasnt going to pay it off?
Pierre's answer
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Answered on September 19, 2011
If you have not sent in late payments for the January and July payments you missed, then you will be unable to satisfy the repayment plan's...
Archived
Under Ch 13 do you have to live in the house to strip the 2nd?
Pierre's answer
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Answered on September 18, 2011
Lien-stripping in Chapter 13 is still an unsettled area of law. Generally, you can strip a junior mortgage from your residence if it cannot be...
Archived
In Chapter 7 Bankruptcy filings, on Schedule F do I list both the creditor and the collection agency?
Pierre's answer
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Answered on September 16, 2011
Put down the entity that you must pay in order to satisfy the debt. It's possible the original creditor may still have some right to the debt but...
Archived
Bankruptcy, Pending Divorce & 401K
Pierre's answer
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Answered on September 16, 2011
Most tax-free pensions, including those organized under Internal Revenue Code 401k, are explicitly 100% excluded by the Bankruptcy Code from your...
Archived
My chapter 7 discharge included my 1st and 2nd mortgage however I have been making payments on both, I never reaffirmed on eithe
Pierre's answer
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Answered on September 16, 2011
Nothing will personally happen to you if they foreclose on the property since the debt was discharged and is no longer your personal obligation. It...
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