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    1. C

      BK finally closed!

      What is the name of your state? TX Filed Asset Ch 7 BK 12/04 and it just closed 3/06. Finally!
    2. C

      Reporting net operating loss as asset in bankruptcy?

      What is the name of your state?TX I have recently read the IRS pub 908 "Tax consequences of bankruptcy" and learned that tax atributes like capital losses and net operating losses belong to the bankruptcy estate. We filed BK in 04 and on our 03 return we showed both a net operating loss and a...
    3. C

      Tax consequences of Bankruptcy/amend return?

      What is the name of your state? TX My hubby filed Ch. 7 BK (asset case) on Dec. 28 2004. I did our 2004 tax return in March 2005 and sent it off. On it I claimed a NOL carryover and a capital loss carryover from 2003. Well, as I'm gearing up for this years taxes I found and read IRS pub 908...
    4. C

      Ch 7 asset BK, how long till case is closed?

      What is the name of your state?TX We filed Dec. 31, 2004. Most recent activity was Nov. 7, 2005 when trustee got approval from court to pay himself. Nothing new since then. Is everything at the trustees discretion as far as when he gets around to doing things? In our case paying the...
    5. C

      SBA loan discharged, can they keep pulling credit report?

      What is the name of your state?TX My husband's co. went out of business. SBA loan was discharged 4/05. On TU credit report the SBA has an account review inquiry for 7/05. Can they keep checking his credit even after discharge? My guess is that this is just a automatic quarterly credit check...
    6. C

      After discharge, can trustee ask for anything else?

      What is the name of your state?TX We got our discharge in April. We are an asset case and the proofs of claim were due last month. I know the next thing that will happen is that the trustee will distribute assets and eventually the case will be closed. My question is that if this process...
    7. C

      Web address for credit forum that has been mentioned on this site?

      What is the name of your state?TX In the past I have seen a credit forum mentioned on this site but i can't get the search function to work. I'm trying to figure out how a reaffirmed account should be reported on credit reports. If anyone knows the answer or the web address of the credit form...
    8. C

      How should a reaffirmed account look on credit report?

      What is the name of your state? TX We reaffirmed our home mortgage. It was filed with the court and a court stamped copy was sent to the bank. The bank confirms that they received it. When I pulled our credit reports the mortgage is being reported as discharged in bankruptcy, recent payments...
    9. C

      Right of setoff?

      What is the name of your state? TX Can a creditor exercise their right of setoff once bankruptcy has been filed?
    10. C

      Will husbands bankruptcy show at all on my credit report?

      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?
    11. C

      Does the trustee have complete discretion in the timing of things(asset case)?

      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...
    12. C

      post 341 - feeling a little nervous about what's going on.

      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...
    13. C

      Timeframe for trustee objecting to an exemption?

      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...
    14. C

      Had our 341 meeting, what's next in an asset case?

      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...
    15. C

      In Texas do you have to reaffirm to keep secured property?

      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...
    16. C

      Difference between case discharged and case closed?

      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...
    17. C

      Personally liable for husbands business debt?

      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...

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