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I wrote moments ago about a trust. How would you suggest

I wrote moments ago about a trust. How would you suggest presenting the following scenario to a trustee for approval. I want to live on a boat - permanently. I pay 1550 per montn in rent and utilities. My costs for ownership of the boat would be the same or less.

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PDtax

Owner

Master's Degree

6,868 satisfied customers
I Nov 2018 I complete a chapter 13. I have a trust I've

I Nov 2018 I complete a chapter 13. I have a trust I've established for my children. Is there any reason the Trustee needs to approve assets I purchase that are titled to the Trust rather than owned by me? I don't want to do anything incorrectly here. Example - supposed I purchase a boat but have the title held by the trust - and I live on the boat.

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Rakhi Vasavada

Financial / Legal Advisor

Bachelor's Degree

3,956 satisfied customers
I would like to know if I should work on paying off my home

I would like to know if I should work on paying off my home that has a balance of 106,000.00, or concentrate on paying off a chapter 13 banruptcy, that I have 4 years left on, or to fund my 403 B account with the maximum amt. I am 62 years old, and will be able to retire at 66 with full soc security benefits. I intend to work past my retirement date. I have a management job that pays 120,000, per year?

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
Do you know where i would find a reputable Secured Credit Card

Do you know where i would find a reputable Secured Credit Card (line) , I am trying to re-build my good credit since the bankruptcy, and I thought if I got a secured Credit Card or line of Credit, that would help. I'm thinking of around $5000.00...

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,290 satisfied customers
I would like to know what type of bankruptcy options I have

I would like to know what type of bankruptcy options I have for my situation. Since losing my job, I have been unable to land a job that will enable me to continue to make my mortgage payments and I think I need to file bankruptcy instead of going throughthe foreclosure process.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,290 satisfied customers
I am in a Chapter 13 BK. My father wishes to transfer a car

I am in a Chapter 13 BK. My father wishes to transfer a car to me. The car still has a loan roughly 10K against the value - roughly 15K.a)Is it possible for him to transfer the car to me at all? Or can he only add me to the title given there is an active loan?b) If I am on the title can the trustee take the car?c) I need a car to get to work. IS there a provision that protects the car in that fashion similar to how tools are protected for a mechanic in a Chap 7?Thanks!

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,290 satisfied customers
I received full forgiveness of a home equity loan from BofA

I received full forgiveness of a home equity loan from BofA of $13,427.58 on January 28, 2015. I listed this loan in my chapter 13 bankruptcy I filed in September 2013 that was discharged in June of 2014. Should I accept the forgiveness or decline? I don't want to have to possibly pay taxes on this. I live in Florida so no state tax.Let me know if you need any additional information.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,290 satisfied customers
How often can someone file chapter 7 bankruptcy? If a married

How often can someone file chapter 7 bankruptcy? If a married couple has a legal separation and the husband files bankruptcy, but the house is in both the wife's and husband's name can creditors take money from the house to satisfy a debt?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,290 satisfied customers
Upon completion of filing chapter 7 what affect does said chapter

Upon completion of filing chapter 7 what affect does said chapter 7 have on applying for higher education schools and the fafsa calculation. Is chapter 13 a better course. Has an income $10k and $13k a month. Was a financial advisor with own franchise affiliated through national firm. Lost franchise due to wire fraud. Plead guilty to one count no jail time. Not that it matters I was unaware of my actions due to mental problems. Divorce in process and I cannot find a job making that kind of money. License banned for life. Sold house short to eliminate 1st mortgage and half of 2nd mortgage. Sold car to eliminate that payment. Have $155,000 remaining in debt of which $110,000 is 2nd mortgage. The remainder is business credit card debt. Have a closed esop plan valued at $300k. Have deferred comp plan of $15k. Have liquidated all other assets. Most of debt is in charge off. What do I do?Jeff

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Megan C

Master's Degree

29,956 satisfied customers
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