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.
This is where a lawyer or a good bankruptcy book would be helpful. According to my NOLO book, in PA you have the option of using the federal bankruptcy exemptions. Where this would help would be if you did not have much equity in a home you could use part of the exemption as a wild card...
no such luck
At our 341 meeting our trustee made it very clear that if someone died within 6 months of our filing date, and we were named named in the will, we had to notify him because the inheritance would belong to the bankruptcy estate. The critical date is the date the person died, not...
You will still be able to file, it just may not look the way you'd like it to.
It's not that you will flat out not be able to file, there will just me much stricter requirements for being able to file Ch. 7. If you make below your states median income, then you will still be able to file Ch...
I know that if someone dies and leaves you money in their will within the six months after filing that you must notify the trustee because the inheritance belongs to the bankruptcy estate. When the money is distributed has nothing to do with it, it's when the person dies. And in your case is...
What is the name of your state?TX
My husband filed bankruptcy alone. I know that spouses are listed on credit reports under the general information section (previous addresses, other names used, spouse....) Will any mention of his bankruptcy show up on my credit report?
What is the name of your state?TX
I've looked at a number of cases on pacer that have the same trustee as us. He usually files the "request for proof of claim" in asset cases a couple of days after the 341 meeting, but there are cases that he waits a couple of months or longer before filing it...
What is the name of your state?TX
We had our 341 meeting on 12/27/04. About a week afterward, we emailed the trustee with an offer to buy back a non-exempt asset. It's been a week since that email and we have not heard anything back from him. I also noticed on PACER that this fellow almost...
What is the name of your state?TX
My understanding is that the trustee has 30 days after the creditors meeting to object to any exemptions claimed or in general to ask for more info about your case. Is this correct? Does this mean that 30 days after our creditors meeting we can breathe a...
What is the name of your state?TX
We had our Ch. 7 341 meeting today and it was so much less than the big deal I thought it would be. We have an asset case and I'm wondering how that works. There is some property the trustee will need to sell and he wants our tax refund which we'll get filed as...
thanks for responding...additional info
Thanks for responding. The two items in question are a home mortgage and a car loan, both of which we had fully expected to reaffirm. My husbands bankruptcy is the result of a failed small business (w/ a SBA loan) as opposed to credit card debt... So...
What is the name of your state? Texas
I was under the impression (from the NOLO bankruptcy book) that in Texas you must reaffirm secured debt in order to keep the property. Apparently in other states you can just keep current on payments without legally reaffirming. However I am getting...
What is the name of your state? Texas
We are filing Ch. 7 in about a month. I have been looking at posts on this site for a while and am coming across terminology I don't understand. What is the difference between a case being dishcharged and a case being closed? And how do you know when your...
What is the name of your state? Texas
My husbands LLC is going under. He has his personal guarantee on loans and lines of credit so he will definitely have to file personal bankruptcy. My question is, will I have to file as well? Texas is a community property state, so am I also personally...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.