Archived
I own a corporation which is actively involved in a lawsuit. If the company were to file Bankruptcy will this postpone trial?
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Answered on October 14, 2013
Yes, a bankruptcy will stop the proceedings, but a bankruptcy could create other issues for you and more to the point, you may find yourself back...
Archived
Will the decision by the judge in adversarial proceeding hold still if later on the bk is dismissed?
Sally's answer
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Answered on October 14, 2013
More facts are needed to answer this question. It really depends on the facts around the AP.
Did I commit fraud by filing a "skeleton" bankruptcy?
Sally's answer
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Answered on October 04, 2013
Technically, you did not commit fraud, but you did file a bankruptcy in "bad faith". The long term affect of that probably is none, except to your...
Can I avoid an unrecorded judgment against me in Bankruptcy Chapter 7?, They did not record it in the County Recorder's office.
Sally's answer
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Answered on October 01, 2013
The short answer is no. It's no because the "avoiding" procedure is for liens that have been recorded. Yours has not been, so it doesn't need...
Archived
In chapter 13, 59 months, paying 250/mo. just got letter to dismiss due unfeasible? case will run 154 months,
Sally's answer
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Answered on August 19, 2013
Typically your bankruptcy attorney would have audited your case right after the bar date (last date for creditors to file claims) and discovered...
Archived
Is it difficult to amend a Chapter 13 plan since our mortgage payment is increasing next month?
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Answered on August 11, 2013
Modification of your plan payment is not difficult . . . . for an attorney. The biggest problem is coming up with a payment that pays out the...
Archived
I filed chapter 7 BK 3 years ago. I want to sell my home. How do I get the second lien removed which was included in this BK?
Sally's answer
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Answered on August 11, 2013
It is unclear from your question whether you have and equity in your house. If you are underwater with the 2nd lien, you will need to sell the...
Archived
Chapter 13 due to medical bills and to save have house. Can we keep credit cards?
Sally's answer
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Answered on July 16, 2013
All the previous answers are correct and good sage advice. There is also a possibility depending on your jurisdiction and the value of your house...
Archived
I owe lots of money. Will filing for bankruptcy help me?
Sally's answer
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Answered on July 08, 2013
The short answer is yes, a bankruptcy should be able to help you eliminate some of your debt. It would appear that you need a Chapter 7 bankruptcy...
Chapter 7 asset question: My car is not in my name. It's a take over payments situation with a relative. How do I describe this
Sally's answer
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Answered on July 07, 2013
The car is not legally yours, but you arguably have an equity interest in it. The trustee is interested in any asset of the Bankruptcy estate, that...
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