Archived
I received a Form 1099-A for a foreclosure from my mortgage lender. Do I need to report this information on my return?
Cindy's answer
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Answered on February 05, 2015
Yes, the debt was discharged, and by operation of federal law, you no longer owe it. The discharge of a debt in bankruptcy is not a taxable event....
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I filed a no asset Ch 7 in Nov. 2012 and received a discharge in Feb. 2013. Case was closed at the time of discharge.
Cindy's answer
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Answered on February 04, 2015
As stated, the valuation is as of the date of filing. If you had exempt equity then that the lien impaired, you should be able to avoid the...
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I was served a notice to dismiss my bk by the trustee because i havent given them my income tax
Cindy's answer
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Answered on February 04, 2015
I have read the threads from the other responses to your question so far. I gather you want to oppose the motion to dismiss which the Trustee...
Archived
Can a divorce be finalized while we are still waiting for a judgement on bankruptcy? Chapter 7
Cindy's answer
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Answered on February 04, 2015
Unless you obtain relief from the stay, the family law matter is stayed by the filing of your bankruptcy. I'm not sure what you mean by...
Archived
Can an individual Chapter 7 asset case debtor sue a trustee (and his attorney) for errors/omissions? Or is the trustee immune?
Cindy's answer
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Answered on February 04, 2015
Without getting into your objections to the administration of your chapter 7, the answer to your question is that the Trustee has a qualified...
Archived
FDCPA Violation + Chapter 7 = ?
Cindy's answer
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Answered on February 03, 2015
As stated previously, your interest in the lawsuit (including right to recovery of attorney's fees) becomes part of your bankruptcy estate when you...
Archived
I received a Chapter 7 bankruptcy discharge
Cindy's answer
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Answered on February 03, 2015
Is it possible you are recieving a personal property tax bill? Did you own a boat or RV? You should check with your bankruptcy attorney or some...
Archived
HOA & BK Chapter 7. Can the HOA sue me for assessments placed in the BK in 2013? HOA wants to proceed with the sale of my home
Cindy's answer
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Answered on February 02, 2015
When did they obtain their judgment and file their lien? If before your bankruptcy, their lien would have survived the discharge. IF they had not...
Archived
What is the responsibility of a bond insurer to pay the homeowner for damages caused by a contractor who files chapter 7 .
Cindy's answer
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Answered on February 02, 2015
As stated by other counsel, a construction bond is generally liable up to the full value of the bond. The problem is that value only has to be...
Archived
How can I re-secure my home in a Chapter 7 asset case?
Cindy's answer
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Answered on February 02, 2015
Without knowing what is going on in your chapter 7 it's hard to say what you can do. Generally, if the case is a no asset chapter 7 and there is...
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