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Recent bankruptcy law questions
In 2004 I had a Chapter 11 bankruptcy discharged in Idaho.
In 2004 I had a Chapter 11 bankruptcy discharged in Idaho. I am still in Idaho and facing the possibility of having to file again. The laws have changed since, and I am reading conflicting information about being allowed to file again. Is filing for Chapter 11 possible?
I have a question about involuntary bankruptcies. Suppose a
I have a question about involuntary bankruptcies. Suppose a debtor only has two creditors--one being me. I want to file an involuntary bk on this debtor due to the fact she's not paying her bills and I will lose my secured equity position because of it.What is the minimum dollar amount she has to owe me in order for me to qualify to file an involuntary bk against her?
I have a bankruptcy law question. Suppose someone filed and
I have a bankruptcy law question. Suppose someone filed and discharged a chapter 7 bk 5 years ago. The waiting period is 8 years for another chapter 7. But what about an involuntary 7? If someone is not paying debts and squandering assets can I file aninvoluntary bk on someone before 8 years? I can't file an involuntary 13 and I can't afford to file an involuntary 11. Also, what happens if the debtor files a voluntary chapter 7 only five years after the first discharge? Is there an automatic stay at all?If so, does the court give a temporary automatic stay but order the debtor to convert to a 13 or an 11?
I have a future small claims court date unsecured loan
I have a future small claims court date for an unsecured loan of 2500.00. I also just recieved a notice of involuntary lien and a notice of entry of judgement from another company I had an unsecured credit card with. I am scared. There is no way I can pay anyone back at this point. Living pay check to pay check, and most months I am in the negative and if I am not there is only like $20 of wiggle room. I am not in a position to make a commitment to pay anything back. I am a single mother, I do not recieve child support. I work full time at a bank. What can I do? I am afraid they might garnish my wages.
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I have a question on the automatic stay
I have a question on the automatic stay for involuntary bankruptcies. a voluntary chapter 7 or chapter 13 bk has a full automatic stay the first time and 30 days the 2nd time within 1 year of the first. How does an involuntary work? Suppose an involuntarybk chapter 7 is filed against someone and is dismissed. Three months later another involuntary 7 gets filed on the same person. Does it still have an automatic stay?
My sister-in-law and their husband are losing their house in
My sister-in-law and their husband are losing their house in foreclosure. They owe 80,000 they are 9,000 in the rears. he has a small retirement 1,000 a month and a part time job and she makes about 20K a year in a small business. This is a Freddy Mac or Fannie Mae backed loan. They are worried that they will be pursued for the difference after the property is resold for less. Should they be worried?
To Socrateaser: I have a question about involuntaryView more bankruptcy law questions
To Socrateaser: I have a question about involuntary bankruptcies. Can someone in a foreign country such as Mexico file an involuntary bankruptcy on a US Citizen? Any rules prohibiting this from happening?