Have Legal Questions? Ask a Lawyer Now.
Hello again,I'm not sure if I understand the question -- feel free to clarify. If you are asking whether or not you would use the wild card exemption available when you first filed bankruptcy, or the cost-of-living adjusted exemption available today, then the answer is that the value of exempt property is fixed on the date of filing the bankruptcy petition.
Please let me know if my answer is off the mark.Hope this helps.
Basically - do I need to file the Compensation for Professionals Form with the Court, with an attachment of a Motion using the Exemptions I sited or would you recommend using the Wild Card Exemption. The BK has been going on for six years already. I am just trying to get a Motion out.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).