How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Fritz Your Own Question

Fritz
Fritz, Attorney
Category: Bankruptcy Law
Satisfied Customers: 302
Experience:  Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases
66229536
Type Your Bankruptcy Law Question Here...
Fritz is online now
A new question is answered every 9 seconds

Would I put a lawsuit that is a class action and pending and

Resolved Question:

Would I put a lawsuit that is a class action and pending and who knows what will happen, its one of those that contact you by mail. well would i list that on 4? (a, b, c..?) on Statement of Financial Affairs?
Submitted: 2 years ago.
Category: Bankruptcy Law
Expert:  Fritz replied 2 years ago.

Fritz :

Hi, I'd like to answer your bankruptcy questions this morning.


 

Fritz :

Yes, the class action should be listed under number 4 on your Statement of Financial Affairs.


 

Fritz :

Generally speaking, what type of class action lawsuit is this? Depending on what it relates to, it may need to be listed elsewhere in your schedules.


 

Expert:  Fritz replied 2 years ago.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information.

What happens now?

If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Expert:  Fritz replied 2 years ago.
You might also want to list the potential amount of recovery in Schedule B, under

"21. Other contingent and unliquidated claims of every nature, including tax refunds, counterclaims of the debtor, and rights to setoff claims. Give estimated value of each."

Customer: replied 2 years ago.
they are in a phase where, well, I didn't think anything of it until they sent me something saying how they've been trying to get me and they had or will have an inspector come to the house and then the construction folks will have an inspector and it's already been motion to be dismissed or they filed bankruptcy, i don't know and there's no way they can fix this house that was built in a week con muchas Coronas
Customer: replied 2 years ago.
I was going to put in #21, in fact i first replied that i put in #21 or 35, and then i remember I put it on #35 because the court forms dont give you much room and i put potential claims and amount of tax return on #21 and the last line wrote see #35, will that do? or what would you suggest? been so busy readin the books and I'd love to read the rules on it, but outta time and cellular ability
Customer: replied 2 years ago.
,are you busy at work? i have a few questions about statement of financial affairs, i'm going to throw them out there and I hope you can catch them, if not thanks and catcha later. If you are able to detail the best route (which I know you are which is why I was hopin you were on as you are very helpful
Expert:  Fritz replied 2 years ago.
I have a few minutes to assist you... I may leave for a few minutes from time to time, but I'll come back when I can. Go ahead and ask your questions. Thank you.
Customer: replied 2 years ago.
are you able to see them above, or my last 2 replies? i can repost if necessary, and #1 on Statement of Financial Affairs, do I need to put down income I received from renting a room/rooms? I had put it on the monthly income statement for last 6 months and on Schedule I
Expert:  Fritz replied 2 years ago.

i put potential claims and amount of tax return on #21 and the last line wrote see #35, will that do? or what would you suggest?

Anticipated tax refunds should probably be listed in #18 (remember to list your tax refund as an exemption in Schedule C as well).

Fritz, Attorney
Category: Bankruptcy Law
Satisfied Customers: 302
Experience: Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases
Fritz and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 2 years ago.
thanks, XXXXX XXXXX is the first year I'm not getting one. The form I have for # XXXXX says to list Tax Refunds, but I can put it on 18, i don't think i have anything there and it'll make more room in that box
. shoot i was writing a question and i hope it didn't get lost, i'm going to check, about rental income but nothing big, but for room rentals but I lost way more than I made. I have rented out rooms on and off for years. I put the income I had received in the monthly (6) month look back of income. But since I am amending and now looking at s.o.f.a. I am seeing and remembering things. I have already had 341 but new creditors and this lawsuit came up, however as soon as I signed the paper for the lawsuit, I had sent the same paper to the Trustee. I just dont want to amend sch I or J, but gonna go look at B for tax refund
Expert:  Fritz replied 2 years ago.

#1 on Statement of Financial Affairs, do I need to put down income I received from renting a room/rooms?

Yes, although I personally would put it under #2 along with tax refunds actually received. I don't think it's wrong to put it under #1 if you consider renting property your business, but "rents" are listed under #2 in the instructions to the Statement of Financial Affairs.

Customer: replied 2 years ago.
I actually haven't put it anywhere yet because I was only amending A,B,C and statement of intention. i didn't want to do anymore but since i did it myself I thought I better check all. i decided not to change Sch I and J because they are as I was when I filed, even though things have changed, and now I thought I was finished and was perusing SOFA and so many memories are coming to me, or as I'm cleaning up the wall to wall paper mached house and i am now starting to open mail that is months old, because I only opened mail that I knew I needed to pay a bill, even then they aren't getting paid on time because of my one track mind making sure I get this right...endless reading
Customer: replied 2 years ago.
oh should I put last years tax refund on #2 of SOFA? for the 2010 year? i put it somewhere else, but i can retrieve it.
Expert:  Fritz replied 2 years ago.

oh should I put last years tax refund on #2 of SOFA? for the 2010 year?

I believe income from tax refunds for the last two years should be listed in #2. It's not a huge deal so long as you listed it somewhere.

Fritz, Attorney
Category: Bankruptcy Law
Satisfied Customers: 302
Experience: Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases
Fritz and 2 other Bankruptcy Law Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • FiveStarLaw

    Attorney

    Satisfied Customers:

    3203
    Bankruptcy Lawyer. Experienced.
< Last | Next >
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    3203
    Bankruptcy Lawyer. Experienced.
  • http://ww2.justanswer.com/uploads/TL/tleeders/2012-6-13_204815_TSL1.64x64.jpg Terry L.'s Avatar

    Terry L.

    Attorney

    Satisfied Customers:

    2204
    Better Business Bur 15yrs bankruptcy experience. Chicago Bar
  • http://ww2.justanswer.com/uploads/mnphillips2/2009-03-13_203105_10984459-249293407.jpeg Phillips Esq.'s Avatar

    Phillips Esq.

    Attorney-at-Law

    Satisfied Customers:

    950
    B.A.; M.B.A.; J.D.
  • http://ww2.justanswer.com/uploads/CO/cortrightlaw/2011-12-5_4117_Kevin.64x64.JPG cortrightlaw's Avatar

    cortrightlaw

    Attorney

    Satisfied Customers:

    490
    Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
  • http://ww2.justanswer.com/uploads/Jay1968/2006-12-03_004423_JoeRossPhoto.jpg JoeLawyer's Avatar

    JoeLawyer

    Attorney

    Satisfied Customers:

    376
    Attorney in the practice of Bankruptcy Law since 1996
  • http://ww2.justanswer.com/uploads/DY/Dylatess/2012-9-11_1968_BHBTemplePhoto.64x64.jpg dylatess's Avatar

    dylatess

    Attorney

    Satisfied Customers:

    370
    35 plus years of experience specializing in bankruptcy law
  • http://ww2.justanswer.com/uploads/US/USLawAnswers/2012-9-20_23143_20090105211638Headshot3b.64x64.jpg Brent Blanchard's Avatar

    Brent Blanchard

    Bankruptcy Attorney

    Satisfied Customers:

    315
    Twelve years experience in all aspects of debtor & creditor BK.