Bankruptcy w/out any income?
To file a chapter 7 bankruptcy does not require any income. If she wanted to file chapter 13 should would have to show regular income to qualify.
Beaverton, OR
Bankruptcy and debt Lawyer at Beaverton, OR
Practice Areas: Bankruptcy & Debt, Chapter 11 Bankruptcy ... +5 more
To file a chapter 7 bankruptcy does not require any income. If she wanted to file chapter 13 should would have to show regular income to qualify.
As long as your name is just on the title and not also on the debt your sister's bankruptcy should not affect your credit. If your name is also on...
The lease would not be subject to the bankruptcy since it bankruptcy was already discharged.
In the 9th Circuit a gift through a trust is not considered an inheritance and therefore the 180 day rule for inheritances would not apply You...
You should talk to your CPA to see if there will be tax liability. In some cases where you have a low basis in the property and you borrowed money...
If they obtain a judgment they could have the Sheriff levy on your car and sell it at an auction. If you claim it as exempt they will have to give...
They are exempt from being taken to satisfy a judgment. They are also an exempt asset you get to keep if you file for bankruptcy.