Archived
I filed chapter 13. I just lost my job. Can i use my ira funds to purchase a moble home for my family. Rite now i pay 1555 rent
Cindy's answer
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Answered on June 08, 2016
Talk to your bk attorney and check with your tax advisor to make sure you're not causing yourself a serious tax problem to avoid a short term...
Archived
During a Chapter 11 5yr plan, including a partly-forgiven mortgage debt, how are plan & forgiven debt affected after a windfall?
Cindy's answer
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Answered on June 07, 2016
Since you refer to your law firm, I assume you have counsel. This question should be directed to them. As you cannot include the terms of your...
Archived
What I can claim in a Chapter 7.
Cindy's answer
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Answered on June 07, 2016
Yes, you can and must include the charges in your bankruptcy filing, as well as your interest in the car if the towing company hasn't foreclosed...
Archived
My Employer filed bankruptcy under chapter 11 . How I will receive my pending wedges ( Salary + Travel Expenses)
Cindy's answer
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Answered on June 03, 2016
There are time limits on filing claims. Contact a bankruptcy attorney to help you fill out the forms asap. You can also check the court website,...
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Former Company shareholder has filed Chapter 7, do I need to take any action?
Cindy's answer
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Answered on June 02, 2016
As indicated by other counsel, there is a serious question as to whether "C" still owns stock in the corporation. If so, you may need to deal with...
Archived
I have worked for a company for several years who recently filed chapter 11 & acquired by a corporation. What are my rights?
Cindy's answer
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Answered on May 24, 2016
You may want to get together with any other employees who are also losing benefits and PTO and seek the advice of an experienced bankruptcy counsel...
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How long is the process and will I be denied? Will I have to be present at the hearing?
Cindy's answer
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Answered on May 24, 2016
Usually it is not necessary for the Debtor to appear at the hearing on the motion. Talk to your attorney about your situation, but in general, the...
Archived
Isn't "amendment of forgotten asset" should hv been the motion? this motion correct or amount to perjary? Legal remedy 4 me?
Cindy's answer
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Answered on May 23, 2016
Let me paraphrase: before he filed, your brother was in litigation in India regarding a possible inheritance. He filed chapter 7 in the US, and...
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Archived
Is my new agreement with him valid after his bankruptcy?
Cindy's answer
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Answered on May 23, 2016
If he choses to pay to you back he can do so, but he no longer owes you and you cannot pursue him for the funds.
Archived
How much interest is your mortgage company entitled to in a chapter 13 bankruptcy?
Cindy's answer
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Answered on May 19, 2016
Assuming the the mortgage is secured only against you residence, the bank will be claiming the contract rate unless you have a modification.
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