Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
1) What are the current market values of your cars?
2) Is the retiement annuity tax-exempt? In other words, did you not have to pay tax on the funds that went into that annuity?
Thank you for your response.
You have to wait 8 years to file another Chapter 7 Bankruptcy, but can file a Chapter 13 Bankruptcy after 4 years.
Although Supreme Court judgments are generally dischargeable in a Bankruptcy, no judgment based on fraud can be discharged. Bankruptcy Stat 523(a).
You will be able to keep the home if you change your primary residence to Florida and file a homestead declaration for the home, which would involve living in Florida for at least 183 days of the year.
You will be able to keep one car only.
Your Social Security income is exempt (protected) from collection, so the judgment creditor will not be able to touch your Social Security, but unfortunately, your annuity can be taken.
I think this is what you wanted to know. If not, please let me know.Thank you.
You initially said, "in 2008, i filed for bankruptcy". If you filed in 2008, that was 4 years ago. However, if you filed 8 years ago as of June 28, you can file another one after this June 28.
Chapter 13 Bankruptcy requires monthly payments for up to 5 years.
If your are married, you will be able to keep both cars.
Your pension income is also exempt from collection.
1) If the judgment is not satisfied, it can remain on your credit report for 20 years, after which time the judgment will expire. (If the judgment is already attached to specific property (real or personal), it can then be renewed for an additional 10 years, but if the judgment was not used to place a lien on property, it cannot be renewed.)
2) Yes - your estate will be subject to the judgment.