Archived
How will a ( general contractor) sole proprietorship be affected when we file bk chapter 7 in Cali? Can we exclude the biz?
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Answered on September 06, 2013
I agree with my fellow posters that you should consult an attorney whenever a business is involved and you want to continue running the business...
Archived
Which form do I use to ask that Creditor Judgments be Dismissed/Vacated due to Chapter 7 Discharge?
Kelly's answer
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Answered on September 06, 2013
Upon entry of your Discharge Order by the Bankruptcy Court, the judgment is discharged meaning you do not owe the debt any longer. However, the...
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Chapter 7 Bankruptcy in process: Question about how court notifies creditors when discharged...
Kelly's answer
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Answered on September 06, 2013
The Court usually sends just one notice per creditor, not account, listed on Schedules D, E, F and G. If you forgot to list a creditor, you can...
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If I file for chapter 7 bankruptcy, would I have to list our home's mortgage as a debt if it is in my spouse's name only?
Kelly's answer
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Answered on August 21, 2013
As the other responders have stated, you are required to list all assets you have an interest in. Since you are married in a community property...
Archived
Can a trustee take away the funds from a life ins. policy that will be used 4 support upon a spouse death and give 2 creditor ?
Kelly's answer
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Answered on July 10, 2013
For the sake of sounding like a broken record, I agree with the other posters that if it did not pay out yet, then it will not cause much of an...
Archived
I have 50k in IRS debt. IRS has placed a lien on all my property. If I file Ch 13 - will I have to pay interest on taxes?
Kelly's answer
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Answered on May 20, 2013
You do have to pay interest on the secured portion of the IRS lien. The IRS lien secures only up to the value of equity you have in all your...
Archived
If I co signed for a vehicle and the person files for bankruptcy and turns the vehicle in what happens to me
Kelly's answer
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Answered on May 14, 2013
Unfortunately, there is no "good" answer here. Yes, the auto loan and the return of the vehicle will appear on your credit since you are a...
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Filed bankruptcy on home and debts one year ago. Moving out of home do I still have to pay taxes and insurance?
Kelly's answer
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Answered on May 14, 2013
While the home is still in your name (i.e. pre-foreclosure), you should at least maintain the insurance. This way if anything happens to the...
Archived
I was discharged for BK chapter 7 April 2011, but still need to grant 1 property back to the lender
Kelly's answer
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Answered on April 24, 2013
As the other attorneys have stated, there's nothing really you can do to speed up the process. When you state your intention to "surrender" a...
Archived
How do I find out/try to prove that my MERS deed of trust assignment was robosigned?
Kelly's answer
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Answered on April 17, 2013
I agree with Mr. Tran. The robosigning of documents related to a foreclosure can be fixed at any point prior to the foreclosure. So if the...
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