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Recent Bankruptcy Protection questions

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

1,064 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

34,584 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

20,674 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

35,884 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

20,674 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

20,674 satisfied customers
CAN I GET RECORD AND RESULTS OF A CASE IN UNITED STATES

CAN I GET RECORD AND RESULTS OF A CASE IN UNITED STATES Bankruptcy CourtFor Eastern District of TexasPlano Division

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Phillips Esq.

Attorney

Juris Doctor

20,674 satisfied customers
Does bankruptcy protects someone's real estate

Does bankruptcy protects someone's real estate investment (non-owner occupied real property)?

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TJ, Esq.

Juris Doctor (JD)

11,618 satisfied customers
My name is ***** ***** I have debt situation to ask advise

Hi My name is ***** ***** I have debt situation to ask advise aboutJA: Thanks. Can you give me any more details about your issue?Customer: Of course and thanks in advance Here we go: I own the house that is worth about $950k and mortgage is $760k I recently lost my business and can not keep up with payments My wife makes about $100k but after taxes it is not enough to pay mortgage, cars, insurance etc Additionally I have about $70k in credit cards debt Also I own condo outright (1 bedroom), its worth about $80k no and i have a tenant Lastly , we have about $250k in retirement accounts (IRA and 401k) We have two children and I am searching for work for 2 months and can not find anything (I have BS in Electrical Engineering) So my options are : bankruptcy (but I would probably loose condo) foreclosure (but i will loose equity) sell the house (but i can not keep up with payments) Do nothing (it means foreclosure) Sale the house (it takes time and my payments will be delayed) And finaly I was thinking to borrow money from 401k, pay off credit cards, sell the house and hopefully return money to 401k from equity and then rent something..... I am badly Screwed.......Any advise?JA: OK got it. Last thing — Bankruptcy Lawyers generally expect a deposit of about $18 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.

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Phillips Esq.

Attorney

Juris Doctor

20,674 satisfied customers
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