Is there any limit to the amount of business debt that can be discharged through a Chapter 7?

The answer is no. There are debt limits in Chapter 13 and Chapter 12 but not in Chapter 7 . In Chapter 11 there is no debt limit but if the debts...

Can i sue for negligence base on my mortgage, which was in foreclouser and chapter 7 .

Not sure who you want to sue? If all documents were signed and they are accepting payments for 2 years it looks like the loan was modified. If...

Will I get a refund if I converted my chapter 13 case to 7, this are funds held by the trustee.,

In my district you would receive a refund of the money with the chapter 13 trustee. I am not sure if that is the case in every district. You...

Do i have to pay the trustee money that was repaid to me before someone filed bankruptcy?

Under sec 547 payments within 90 days of filing( 1 year for an insider) are considered preferences and can be recovered by the trustee. There are...

I have a small business and it is an LLC. If I file for a personal bankruptcy, will it affect my LLC?

If you file for chapter 13 you will be able to keep the LLC by paying to your creditors the liquidation value of the business. If you were to file...

Who is responsible for doing the Fair Market Value Estimate of a condo being considered for Ch. 13 lein stripping of the second?

It is your burden to prove the value of the house is less than the first mortgage. This is normally done either through and appraiser or a real...

Selected as the best answer

What is my ch. 13 payment based upon..the Means test or the excess on Sch. J?

Sec 101 of the bankruptcy code and the courts interpretation in my district both support the idea that the income that is considered for...

Unless there is some exemption for these they would become property of your bankruptcy estate and the trustee would sell them. If they were part...

Filed Ch7, home not reaffirmed, credit report verifies debt was discharged. If I pay I stay, but what's the process for leaving?

If you decide to surrender the property you should either get the bank to accept a deed in lieu or stay until the property is foreclosed.

My mother is considering bankruptcy . on her bank statements are many casino withdrawls . will this keep her from qualifying ?

As long as she discloses her gambling losses and winnings in her statement of financial affairs she should still be able to file for bankruptcy. ...