Archived
I attended 341 meeting. I was required to provide additional bank statements to supported my answer to
Michael's answer
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Answered on August 03, 2011
The trustee is entitled to investigate your financial affairs and you are required to cooperate. My guess is that the trustee wants to make sure...
In bankruptcy what does it mean when they say the "stay has been lifted"?
Michael's answer
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Answered on August 02, 2011
Filing bankruptcy creates a stay protecting you from creditors. Lifting that stay means you lose the protection as to that creditor. In order for...
Archived
3rd and final 341 Mtg with Trustee. No lawyer. Completed myself. He requested the following:
Michael's answer
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Answered on August 02, 2011
If you do not have last year's tax return the law permits you to give the trustee a transcript from the IRS. You can call the IRS and have a...
Archived
My husband and I own an S Corp. Would it be smart of us to put one of our vehicles in the Business name before filing Chapter 7?
Michael's answer
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Answered on August 02, 2011
Putting the vehicle in the name of the corporation (or anyone else) is a bad idea because it's fraudulent. The only thing you can do is sell it...
Archived
Just received my discharge for chapter 7 bankruptcy July 27, 2011. Can i take money out of my government deffered compensation 4
Michael's answer
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Answered on August 02, 2011
Once you get a discharge the court's jurisdiction ends as to all assets you listed in your schedules. So, if you listed the 457 in schedule B of...
Archived
I'm inside the 8 year window from a previous chapter 7 discharge about 9 months to be exact. I'm reading here that there are
Michael's answer
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Answered on August 02, 2011
Filing a new bankruptcy and getting a discharge are two separate things. When you file the court automatically schedules a 341 hearing. The Order...
Archived
My bankruptcy attorney said we should make our renters leave as we are filing bankruptcy.
Michael's answer
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Answered on August 02, 2011
One initial question: what chapter of bankruptcy? In chapter 7 a trustee would take charge of all assets and liquidate the assets to satisfy...
Archived
I filed BK 7 5/5/2004 and was discharged around 8/2004. Due to unavoidable financial crisis and medical disability
Michael's answer
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Answered on August 01, 2011
In California we have exemptions under state law that give people some protection separate from bankruptcy. Since you are not entitled to a...
Archived
Can u file a chapter 13 and/or second mortgage cramdown if we had previously filed a chapter 7 which was discharged over a year?
Michael's answer
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Answered on August 01, 2011
You can file a chapter 13 after chapter 7, the question is what will it do? The law is unsettled but the trend is remove a second mortgage if the...
I have to attend a hearing for "Order to show cause why denying a discharge should not be entered"
Michael's answer
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Answered on August 01, 2011
From what you described it could be that you need to provide further documentation. If you are representing yourself that's almost certainly the...
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