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Recent Exemptions questions

Its not really a bankruptcy question. Its more on

its not really a bankruptcy question. Its more on garnishments and judgments. Is Mr. Terry still the right lawyer to talk to?JA: What state are you in? And has anything been officially filed?Customer: Arkansas. and yesJA: Have you talked to a lawyer yet?Customer: nobody open on the days im available. I live in rural arkansas and we literally have 2 lawyers. One is half deaf :/JA: Anything else you think the lawyer should know?Customer: Does Mr Terry deal with garnishments & judgements or?

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Terry L.

Partner

Doctoral Degree

2,862 satisfied customers
I am a disabled vet with 60%, and I want to file bankruptcy

I am a disabled vet with 60%, and I want to file bankruptcy with my spouse. We accrued all debt while serving actively. My question is since I already pass the means test according to the SCRA, does my wife also automatically pass or does she have to use her income and take the means test. No Bankruptcy lawyer that I have spoke with could tell me a definitive answer.

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LawTalk

Attorney at Law

Juris Doctor

32,462 satisfied customers
I'm being sued by my old condo association. I declared

I'm being sued by my old condo association. I declared bankruptcy last year and it was discharged. this debt occurred after my discharge. I am on SSD. I lost everything when I got sick. I tried to get the bank to take the property back no questions asked. No luck. My question is, if they win their trial, can they garnish my SSD? I share an account with a boyfriend and don't want to put him at risk.

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Phillips Esq.

Attorney

Juris Doctor

17,990 satisfied customers
Bankruptcy atty please. My mother died and I am going to

Bankruptcy atty please. My mother died and I am going to receive a disbursement from a family trust. I am also facing a chapter 11 in the near future. The disbursement is pretty large. If I have the disbursement go into an IRA or 401K and wait 120 days will the retirement account be protected ?

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LawTalk

Attorney at Law

Juris Doctor

32,462 satisfied customers
My wife and I filed chapter 7 bankruptcy in may of 2015 and

my wife and I filed chapter 7 bankruptcy in may of 2015 and was discharged in aug 2015. we did have exemptions in the amount of $12734. I was waiting for back pay from a previous job in the amount of 31k which we disclosed to the trustee for the PA bankruptcy we filed. My question is the back pay was issued last month. the was 7300 paid in taxes from the check which left an amount of 23k. Now the trustee stated they were dispersing money to creditors that were involved in the case. according to the trustee i will not get my full exemption amount, I am only getting 5300 becauase the taxes that were orginally taken out had to be taken from my exemption amount and given to creditors. Can they do that. Arent i entitled to the full exemption amount. thank you fro your help.

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DrakeLAW

Juris Doctorate

544 satisfied customers
I would need to file BK chapter 7.I am married but want to

Hello,So I would need to file BK chapter 7.I am married but want to file SINGLE Bankruptcy Chapter 7.I own a condominium property(primary residence),in Chicago Illinois.I hired an appraiser and they determined the value at $98000.My Mortgage balance is $66000.The Illinois homestead Exempt amount for a property is $15000.Would the trustee consider any other costs on top of the $15000 exemption,that would reduce my equity?(like real estate agent fees,title,etc )?So 98000(appraised value)-66000(mortgage balance)-15000(exemption)=17000 EQUITY so far...My mother would be giving me a gift (money) to pay for the "Equity" ,so that the trustee doesn't sell /foreclose on my home.Thank you!

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TJ, Esq.

Juris Doctor (JD)

10,642 satisfied customers
Re the property. If the other co-owner already took money

Re the property. If the other co-owner already took money against the house, and if I file a bankruptcy will the creditor still come after me or would they come too after the other co-owner.Thanks

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DrakeLAW

Juris Doctorate

544 satisfied customers
My wife and I are separated, by mutual decision. We live in

My wife and I are separated, by mutual decision. We live in different states. I am in MI and she is in MS. We jointly own a home in IL which is in foreclosure and need to file bankruptcy. How can we do this and where do we start?Thank you!

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Alex J. Esq.

Managing Attorney

Doctoral Degree

21,874 satisfied customers
I might have to file Chapter 7,in Illinois. I own a

I might have to file for Bankrupcy Chapter 7,in Illinois.I own a property/condominium.The Exempt Equity in IL is $15000.If I have any equity remaining(after deduction of $15000 Exempt Equity),can I just ask the trustee that I can borrow money from family and friends,and pay the Equity amount,so that I can keep my home?Will they give me priority in paying,or they would just foreclose and sell it?

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TJ, Esq.

Juris Doctor (JD)

10,642 satisfied customers
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