Recent content by giggle50

The marriage will not affect the bankruptcy if the marriage occurs after the filing date.

This is serious enough that you shouldn't do this yourself. You can find a bankruptcy lawyer who will work with you on fees. The new bankruptcy law is going to make things much more complicated and if you don't do this right, you're liable to lose some or all of your property.

Bankruptcy is highly technical and specialized. Do yourself a favor and leave the matter to a bankruptcy lawyer

Chapter 7 bankruptcy allows you to reaffirm any debt you want. Your husband's voluntary repayments are permitted as are payments to any creditor you want in a chapter 7, but not required as the debt is a dischargeable debt.

Unless your plan calls for 100% payback to unsecured creditors you won't be able to pay your 401k loan while in chapter 13 bankruptcy.

Assuming your bankruptcy lawyer was able to exempt your equity properly, the chapter 7 trustee should abandon his interest in the property at your hearing. More than likely your attorney will advise you to wait until after your chapter 7 discharge.

Let's get one thing straight, you file bankruptcy on every creditor. Well, at least you are supposed to. If you don't list a creditor on purpose, you are committing bankruptcy fraud. That said, you can reaffirm any debt you want. You can reaffirm the car and as long as payments are made, there...

Quit messing around with trying to bring the mortgage current and file chapter 13 bankruptcy. As the previous poster discussed, chapter 13 will stop the foreclosure immediately and allow your sister to develop a payment plan over the course of 36 to 60 months. The plan will include the back...

Don't be concerned too much about the fraud issue. There are time limits involved (60 days prior to filing) and intent issues as the other posters have discussed. What no one has mentioned is that the fraud issue only pertains to a chapter 7 bankruptcy. Chapter 13 bankruptcy precludes creditors...

I completely disagree with the last poster. Bankruptcy would give you a fresh start and relieve you of your stress. There are limited or no after effects any longer when filing chapter 7 bankruptcy or chapter 13 bankruptcy. I am sure you have heard about how difficult congress is trying to make...

That last guy is wrong. It doesn't have anything to do with the policy. Proceeds from life insurance, or inheritance within 6 months of filing are assets and can be liquidated by the chapter7 trustee

You got the order for "back support". That's the part that mucks it up. A child support order that establishes current support is fine in a 13 without relief. That's not an attempt to collect a debt, that's an attempt to establish a debt. An order for back support violates the automatic stay...

Don't listen to them. Contact your bankruptcy lawyer and tell them about the situation. Best Buy is a revolving charge. It's obvious they don't know what in the world they are talking about if they're asking you to provide them with receipts. These collection companies buy and sell these debts...

Get serious. Forget the neighbor. Get a texas bankruptcy lawyer to help you. Bankruptcy is so hypertechnical and the new bankruptcy law is going to make things even more difficult for honest debtors like yourself. Most bankruptcy lawyers offer free consults and chapter 7 bankruptcy can be...

More or less, that's it. The trustee will only take the property if it is feasible to sell it. The trustee has to get enough money to make it worth the while. The trustee takes the funds from the sale and distributes them to the unsecured creditors after the any liens are paid. Contact the...