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Recent Bankruptcy Protection questions

If I file chapter 13 bankruptcy, reorganization of debt. And

If I file chapter 13 bankruptcy, reorganization of debt. And I borrowed money from my parents while I owned a business and then paid them back the $15,000. Will the courts make my parents return that money to give to my creditors.

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LawTalk

Attorney at Law

Juris Doctor

37,112 satisfied customers
Brother wants to purchase my share of house in living trust.

brother wants to purchase my share of house in living trust. Should I let him offer money to bankruptcy judge or take fair value money and leave it in account to be taken.

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Phillips Esq.

Attorney

Juris Doctor

21,746 satisfied customers
I filed for Chapter 13 bankruptcy protection in April 2016

I filed for Chapter 13 bankruptcy protection in April 2016 (LA County/San Fernando Valley), got set up with a 60-month plan, and have been making plan payments since April 2016. My questions have to do with my first status report, just received from the Chapter 13 Trustee. The Total Principal Balance Owed was surprisingly low and after doing the math, it looks like it will be paid off in 26 more months. My hopeful question is, will I be done at that point? A more resigned question is, will I still have to pay the full 60 months because some sort of interest will accrue. I ask because the report has a column for Interest Paid but at this point, it's all zeroes. I hope I explained my question clearly. Thank you for your answers.

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39,594 satisfied customers
I filed for a personal ch. 11 bankruptcy in 2003, and

Hi. I filed for a personal ch. 11 bankruptcy in 2003, and completed repayments of it in 2007. Do I still need to claim this on personal financial statements? The bankruptcy does not show up on my credit report anymore, hasn't for years. it's completely disappeared.

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DrakeLAW

Juris Doctorate

1,268 satisfied customers
I was Personally Suit in a Civil Case - unfortunately the

Hi, I was Personally Suit in a Civil Case - unfortunately the Jury has decided against me . The Judge final hearing is in 30 days on potential damages. Wanted to know the options for bankruptcy protection. Since I was suit personally, would like to protect my family before the final judgement is issued. Last, i operate a very small LLC company - want to make sure the personal claims do not escalate against my business. Please advise on the best bankruptcy protection option and the possible cost. Thank you

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Roger

Litigation Attorney

Doctoral Degree

34,968 satisfied customers
I've asked questions before about loaning money and got very

I've asked questions before about loaning money and got very detailed answers. One question that I have now is: how do I protect the loan that I gave to a business against bankruptcy? I have been told here by another attorney to, in addition to other liens, to alook lien on accounts receivable but does that protect against bankruptcy?Thank youKevin

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Phillips Esq.

Attorney

Juris Doctor

21,746 satisfied customers
I have gotten a business loan with a cosigner, i wish to

i have gotten a business loan with a cosigner, i wish to file for bankrupcy, does this affect the cosigner in any way?

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LawTalk

Attorney at Law

Juris Doctor

37,112 satisfied customers
I received your response to one of my previous questions and

I received your response to one of my previous questions and I really liked how you described the different scenarios when reaffirming the vehicle in the bankruptcy process. I wanted to ask you if it was true, if the vehicle is not reaffirmed by the judge, the vehicle payments are not reported to the credit bureaus? Also, usually what is the percentage or ratio does your monthly expenses and car payment have to be in order for the reaffirmation to be approved by the judge? TIA.

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Phillips Esq.

Attorney

Juris Doctor

21,746 satisfied customers
I wanted to know if I were to file Bankruptcy and I file to

I wanted to know if I were to file Bankruptcy and I file to reaffirm my vehicle? How likely will the judge approve of this? Also, if not approved, what happens?

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Phillips Esq.

Attorney

Juris Doctor

21,746 satisfied customers
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