Not reaffirming a car loan during banruptcy...

If you did not sign a reaffirmation agreement, your personal liability remains discharged, and the lender cannot collect a deficiency from you for...

It is unclear from your question how the vehicle was listed initially in the petition, and what exactly the trustee requested. If it makes you...

My sister is filing bankruptcy, and has been paying me back for money she borrowed. Can the courts take my money?

Payments by a debtor to a family member, business associate or persons of a close relationship (called "insiders") are potential problems. ...

What is the personal liability of the owners of an S Corp that files bankruptcy?

There are a lot of questions packed in here, and no facts, so let me just throw out some general ideas. Personal liability depends on the...

Went to 341, trustee freaked out about my dba biz because I have a couple of employees? What is the problem?

The problem when you file as a sole prop in Chapter 7 is the trustee's handbook (guidelines published by the United States Trustee) says a sole...

Should I do a short sale if I am going to file for a Chapter 7 Bankruptcy in California

While I concur with my colleagues that short sales are generally not a wise path to follow if filing Chapter 7, there are cases where it may make...

Which payment plan is better for chpt13, 3-yr or 5-yr?

If you have the option of either a 3 year or 5 year plan, it depends in part on how much you would pay. It's similar to getting a car loan. If...

Is lien strip really achievable on chpt13 bankruptcy when your home is underwater?

As to your first question about whether a lien strip is available in Chapter 13 when the home is underwater. Yes, it can happen with an underwater...

How far back can bankruptcy court reach in asset sale?

The question is a little vague on facts, but here are a couple of ideas. A big decision was handed down by the Supreme Court (Schwab v. Reilly)...

Anyone in CA succeed in bifurcating a non-residential mortgage loan in chapter 13?

First, valuation of your rental property is not tied to your disposable income or the cash flow from the rental. The valuation is determined...

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