Bankruptcy. Is a properly set up spendthrift trust safe from creditors? I am a beneficiary wanting to file a chapter 7. Mom ill
Michael's answer
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Answered on November 06, 2014
The bankruptcy system looks at your assets and a valid spendthrift trust can mean the assets of the trust are not yours. You need to be VERY...
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Should I pay my Chp 13 off early?
Michael's answer
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Answered on November 05, 2014
In Oakland the trustee will let you payoff early if you pay the claims in full. Another idea, usually once you are in the last 6 months of a plan...
What is the deadline to file motion for stay from automatic relief in ch. 7 bankruptcy?
Michael's answer
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Answered on November 03, 2014
A chapter 7 is federal law and will forgive most debts. Debts incurred through fraud, embezzlement or willful misconduct can survive IF the...
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Chapter 7. Is it true that I can file again after 7 years since my first filing was in 2007? Someone told me rule was 7 yrs then
Michael's answer
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Answered on October 20, 2014
The rule is 8 years from the date of filing of the prior case. If the 8 years runs in 2015 you might start your papers now so that you are ready...
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Are arrears regarding child support dischargeable in ch 7 filing?
Michael's answer
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Answered on October 08, 2014
Child support arrears are never dischargeable. You do not need to file papers or go to court on this.
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Chapter 7. Finance company suing me on motorcycle loan. Bike was actually lien-sold by a mechanic. Will bankruptcy wipe out?
Michael's answer
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Answered on October 02, 2014
This is an unsecured debt that will be discharged through a chapter 7 case. Federal law governs and chapter 7 will discharge the debt even though...
Archived
Discharged chapter 7 two yrs ago. Didn't reaffirm condo. Bank taking judicial action 2 fix problem on title. responsible for leg
Michael's answer
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Answered on September 17, 2014
You need to see a lawyer ASAP and go over what the lender wants you to sign. The rules are strict and the bank might have a problem.
Pay Traffic Tickets in Ch 13 Plan
Michael's answer
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Answered on September 09, 2014
The first question is why do the tickets need to be paid? Bankruptcy forgives many governmental debts. If the ticket(s) resulted in the loss of...
Archived
Need some additional advise?
Michael's answer
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Answered on September 09, 2014
This is a difficult and risky situation. The law will start with the assumption that if you are on the deed, it's your house. A quitclaim may...
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I am planning to file Bankruptcy chap 7. Most of my debts are credit card debts.
I had a mortgage with my mother, and
Michael's answer
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Answered on August 13, 2014
This can be a big problem! You need to be very careful. If you were on the title, you might be viewed as having given away a house or be viewed...
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