• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Search results

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Google Search Results Community Search Results

    1. B

      New to Chapter 7

      Since you're meeting with a lawyer next week, do nothing until you get legal advice.
    2. B

      Open Biz during BK plan?

      Do nothing until you spaek with your attorney. There is a real chance that the payout to unsecured creditors will be increased. And yes, expect a number of questions from your trustee.
    3. B

      Heloc

      My question is... if I were able to move that $28k onto various credit cards (they are all in good standing) through balance transfers and then waited for 90-120 days to file, would that cause any problems? Oh yeah it'd cause problems. Expect your creditors to strongly object to that kind of...
    4. B

      BK 13 or make a deal

      I would not be surprised to see it signed this week.
    5. B

      Bankruptcy & Judgements

      Assuming they are not student loans or court ordered child/spousal support or, judgments from damages related to DUI.etc. you can include them and get them discharged. Include them on the creditors matrix.
    6. B

      Bankruptcy vs living with judgments in Florida

      It's my understanding that Fl. judgments are good for 10 years and then may be renewed for another 10 years. Right now, there is no means test to file a chapter 7 bk. That's gonna change when the bk reform bill is signed. That provision will take affect 180 days from the date the legislation is...
    7. B

      filling Chapter 7

      I'll revert to an earlier post. Go see a couple of lawyers and get your bk options explained.
    8. B

      filling Chapter 7

      The best way to take care of the problem is, pay them. How much do you owe, what sort of income do you have? What is the car worth and how much equity in your home?
    9. B

      filling Chapter 7

      The $1000 equity in the auto means, you may keep a car that has equity of up to a $1000. How much is your car worth? If it's financed, subtract the market value from the amount owed to get an idea of your equity. The personal exemption allows you to keep up to $3500 worth of books and hh...
    10. B

      filling Chapter 7

      Most bk lawyers give a free initial consultation. Thal with a couple and get all of your options explained. Here are Ga.'s exemptions. http://www.thebankruptcysite.com/bankruptcy-exemptions/georgia.php
    11. B

      Keeping a recreational boat in Chapter 7

      I'd agree with Toughluck. Boats depreciate rapidly and when you factor in operating expenses, I'd let it go. I'd be surprised if a dealer could sell it for $9K. But, I've seen more than a few people keep small boats and jet skis in a Chapter 7 because the equity was small enough to fit into the...
    12. B

      Keeping a recreational boat in Chapter 7

      Since you've negative equity, I'm sure you'll be able to keep the boat. I wouldn't reaffirm unless, the district you're filing in requires a formal agrement.
    13. B

      BK 13 or make a deal

      even if we go to BK 13 and they will get substantially less. I'd proceed with the 13 if the payback to unsecured creditors will be less than 30%. One big kicker is if you settle the account you'll get a 1099C on the difference and may well create a tax liability. An account settled through bk...
    14. B

      Bankruptcy before marriage

      I think it's just cleaner all the way around if one party needs to file to just do it and get it discharged prior to the wedding. There can be NO question that the other party had anything to do with the debt discharged {unless it was joint}. There'll be no collection calls or threats of...
    15. B

      Re-Affirmation Questions

      Your credit has been harmed greatly just by filing. I think your lawyer is wise to suggest this course of action. Why accept risk if it's not necessary?
    16. B

      Bankruptcy surrender questions

      First of all to Laura, If you don't have a lawyer, you better get one . If you surrender the car now, the payment can't be considered an expense. That'll affect your disposable income. Cinnerella, The OP's situation is why you do that sort of stuff prior to filing. It's not fraud at all...
    17. B

      Bankruptcy surrender questions

      I wouldn't be financing anything until the bk is discharged unless your lawyer says it's OK. Sure you can turn it in prior to the 341 meeting. Did you list the payment as an expense?
    18. B

      Bankruptcy surrender questions

      In that case, don't reaffirm the truck and once the bk is discharged just tell the bank to come and get it. You'll not be on the hook for any deficiency balance.
    19. B

      valid budget entry CH13 Qs

      They can garnish unless they sue and win. I've no idea how what sort of hoops a creditor will have to jump through to garnish but if state law allows, it's something to consider. A payment to a 401K will be considered a preference payment and the trustee will disallow it as an expense. Paying a...
    20. B

      Bankruptcy surrender questions

      You should have done this before you filed. You don't need to try and finance anything until the bk is completed. Whatever you do, don't reaffirm that truck.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
Top