Your interest in the partnership is clearly an asset of the bankruptcy estate and must be disclosed. Its value, however, would need to be...

I am filing ch13 and I still need to take out a $5000 loan will there be a penalty to me or is it legal?

A post-filing 401(k) loan may be considered income and may result in an increased plan payment. Keep in mind, if you are borrowing against your...

When filing Chap 7. How do you file when property is in escrow as a short sale?

As long as you are still in title to the property, it must be scheduled on Schedule A, and the mortgage must be reflected on Schedule D. The...

My chapter 7 bankruptcy went through in july 2009. i had intentions on keeping my home but attempts to restructure my mortgage..

In general, absent a reaffirmation agreement for the mortgage, your personal liability on the mortgage and note is discharged. The lender,however,...

I already filed and been confirmed in my bankruptcy and am being laid off. Will my severance package affect my trustee payments

Your severance may affect your payments depending on your current payment, length of the plan and payment to unsecureds. You need to consult an...

If you file a Chapter 7, you must disclose the liability, and your personal liability to the lender on the mortgage will be discharged. Your...