Questions answered by Lisa Margaret Volquardsen

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How long after filing bankruptcy do I need to wait to buy a fix-up house with cash?

Lisa's answer | Answered on June 13, 2013

This is a loaded question. If you have cash, you MUST disclose this on your bankruptcy petition. If you cannot exempt it, it will be subject to...

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If we claim less than the exemption allowed in a chapter 7 petition, do we lose the unclaimed balance of the exemption.

Lisa's answer | Answered on June 13, 2013

Not sure what you are asking here. Why would you need to increase your claimed exemption after the filing? Are you planning to purchase household...

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I have a 50% partnership in a rental property in Las Vegas. The other person is filing for chapter 7 how will this affect me.

Lisa's answer | Answered on June 13, 2013

If there is no equity in the property, the trustee will likely not take any steps to transfer/sell it. It appears your partner is seeking to get...

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Is it better to sell a house before or after bankruptcy?

Lisa's answer | Answered on June 13, 2013

There is just not enough information here to answer this question. It depends on a lot of things. Do you have equity in the home, or are you...

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Have done my 2nd course (Post Petition instructional Course regarding Personal Financial management). Filed already BK 7.

Lisa's answer | Answered on June 13, 2013

You can send it in at any time now that it is completed. Good for you for being on top of things!

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In texas with no assets and irregular income, file Chapter 13 or do nothing?

Lisa's answer | Answered on June 12, 2013

You can definitely enter a Chapter 13 if your income is variable, you would just average out the income over six months and work from that. It is...

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My ex wife is going through bankruptcy, can creditor still sue me even though they were named on the bankruptcy?

Lisa's answer | Answered on June 12, 2013

It sounds like your wife is in a Chapter 13 bankruptcy since she is making payments to the trustee. You are protected by a co-debtor stay, so they...

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I am a student and recently quit working. I am completely overwhelmed with bills and need to file chapter 7.

Lisa's answer | Answered on June 12, 2013

Once you make the decision to file for bankruptcy, or know that you cannot pay, it is fraudulent to make charges on your credit cards for any...

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I filed a second bankruptcy four days before the required 8 years have elapsed. Is there a way to withdraw the request.

Lisa's answer | Answered on June 12, 2013

You will not be able to get a Chapter 7 discharge if you did not wait the requisite eight years. Yes, four days makes a difference. Your options...

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What currently is the cost to file bankruptcy paperwork in NC I would guess Asheville is where I would file.

Lisa's answer | Answered on June 12, 2013

A chapter 7 is $306, a chapter 13 is $281. You may qualify to have this fee waived. There is likely an application for that on the court's...

Lisa Margaret Volquardsen's Answers (60)

How long after filing bankruptcy do I need to wait to buy a fix-up house with cash?

If we claim less than the exemption allowed in a chapter 7 petition, do we lose the unclaimed balance of the exemption.

I have a 50% partnership in a rental property in Las Vegas. The other person is filing for chapter 7 how will this affect me.

Is it better to sell a house before or after bankruptcy?

Have done my 2nd course (Post Petition instructional Course regarding Personal Financial management). Filed already BK 7.

In texas with no assets and irregular income, file Chapter 13 or do nothing?

My ex wife is going through bankruptcy, can creditor still sue me even though they were named on the bankruptcy?

I am a student and recently quit working. I am completely overwhelmed with bills and need to file chapter 7.

I filed a second bankruptcy four days before the required 8 years have elapsed. Is there a way to withdraw the request.

What currently is the cost to file bankruptcy paperwork in NC I would guess Asheville is where I would file.