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What is the auto claim for?
What is the auto claim for?
Inj Ax I was hit from behind. I am trying to settle this myself. I do know what I am doing with this.
Thank you for your response.
1) There would be no advantage to forming a corporation before filing a Bankruptcy. Whether your rental properties are owned by a corporation or by yourself personally, you would be able to keep those properties if they are underwater.
2) It would not make sense to use your settlement money to pay credit card bills, as one is supposed to stop paying credit card bills as soon as one has decided to file a Bankruptcy. If more than a certain amount is paid to any one creditor less than 90 days before filing, the Bankruptcy court can order those credit card companies to return the money, so it can be distributed to all creditors.3) It is usually recommended that debtors file their return and receive and spend their refund (on everyday living expenses) before filing a Bankruptcy. If a debtor has not yet received their refund before filing, the Bankruptcy trustee can take all or most of the refund when the debtor receives it.
4) Personal injury awards are exempt (protected) up to $23,000, so it would not be necessary to settle this claim before filing a Bankruptcy.
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