Archived
What is legal & practical effect of listing debt on chapter 7 petition & then marking "DISPUTED"? When appropriate? Contingent"
Malcolm's answer
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Answered on January 29, 2011
First, mark disputed debts as disputed because that's true and it makes your schedules correct as they should be. Also, things can change. For...
Archived
My bankruptcy was discharged in 2008.
Malcolm's answer
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Answered on January 29, 2011
I also am finding it difficult to imagine why you would have needed to reaffirm a second mortgage equity line. If you engaged an attorney to...
Archived
Forgot that my wife made $1400 in early 2010 and I don't think it's in the chapter 7 petition i *just* filed.
Malcolm's answer
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Answered on January 29, 2011
Income for the Means Test is for the six months prior to filing bankruptcy, so your wife's income may or may not need to be included depending on...
Archived
Is Bankruptcy ever possible on student loans?
Malcolm's answer
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Answered on January 27, 2011
Student loans are dischargeable in bankruptcy only if the payment of the debt "will impose an undue hardship on you and your dependents". You must...
Archived
If I am interested in ''buying'' more time to stay in my home would bankruptcy (7) be my only option to delay or a forensic
Malcolm's answer
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Answered on January 26, 2011
If you are behind in your mortgage payments and your house is about to be foreclosed, filing a Chapter 7 bankruptcy (1) would probably delay the...
Archived
Debt reduction
Malcolm's answer
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Answered on January 25, 2011
Do you have other significant debts? If so, I suggest that you consult with a qualified bankruptcy attorney in your area to see if bankruptcy would...
Archived
What is the best way to settle a credit card debt that I am being sued over? What should I get in writing?
Malcolm's answer
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Answered on January 24, 2011
Do you have other significant debts? If so, note that settling this one would (1) take all your available cash and (2) leave you with all your...
Archived
In filing for bankruptcy will I loose my house which is paid for.
Malcolm's answer
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Answered on January 24, 2011
Is your house worth more in the current market than you owe on it? If so, how much? That's approximately the amount you'd need to "exempt" in a...
Archived
My husband has a judgement against him and several more on the way.
Malcolm's answer
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Answered on January 24, 2011
First, he can't just put this car in your name, effectively giving it to you. That could easily be considered an attempt to defraud creditors and a...
Archived
If the foreclosure goes through on our out of state property, what else could we lose? Is bankruptcy our only option?
Malcolm's answer
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Answered on January 22, 2011
You ask what else you could lose if that investment property is foreclosed. You wouldn't "lose" any other of your real estate as long as you make...
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