Just filed for chapter 7. I have NOTHING but property. I do
Just filed for chapter 7. I have NOTHING but property. I do have equity in this property. My personal CC debt is approx $40,000.00 and my corporation (defunct) has $100K in CC debt. ( I personally signed for, no choice) The trustee is taking $45,000.00 out of the sale of my home. to pay off creditors. I am stunned by this amount.
I am having difficulty completing "SCHEDULE C :THE PROPERTY
Hi. I am having difficulty completing "SCHEDULE C :THE PROPERTY YOU CLAIM AS EXEMPT" in my Ch. 13 Paperwork. I am attaching my PDF of this file for you to help me answer Questions 1-3 in Schedule C.So, my questions for you for Schedule C. I live in FLORIDA, I have a house I want to keepand 2 cars I want to keep. The 1st is a car I have paid off fully (my Chevy Pickup), and the 2nd car is my Chevy Acadia which I also want to keep (Amount Owed is currently at $10k and the NADA value of it is $8,500).Please help me answer the questions on Schedule C as follows:1. Which set of exemptions are you claiming? Check one only, even if your spouse is filing with you. You are claiming state and federal nonbankruptcy exemptions. 11 U.S.C. § 522(b)(3) You are claiming federal exemptions. 11 U.S.C. § 522(b)(2)2. For any property you list on Schedule A/B that you claim as exempt, fill in the information below:---->WHAT DO I PUT UNDER BOX STATING "Specific laws that allow exemption" for:A. MY HOUSEB. MY FIRST CAR (IT'S PAID OFF, AND THE NADA VALUE IS $10,000)C. MY 2ND CAR WHICH I HAVE A CAR LOAN THAT I AM CURRENTLY ON-TIME PAYING FOR AND WANT TO KEEP (AMOUNT OWED IS $10; WHILE NADA VALUE IS $8,500)***Note: I am a FL resident.Lastly, please also help me answer Question 3 in the file:3. Are you claiming a homestead exemption of more than $155,675?
BANKRUPTCY: Debtor is converting from Chapter 13 to Chapter
BANKRUPTCY: Debtor is converting from Chapter 13 to Chapter 7. His home is currently under open Foreclosure. How does converting to CH7 affect his home? We are adding the home to Schedule C, and on the Statement of Intention. Is the STAY lifted on the Foreclosure, or is the home still protected?
I am in a Chapter 13. (in CA) I represent myself. I filed an
I am in a Chapter 13. (in CA) I represent myself. I filed an adversary proceeding against my secured creditor. My plan is not yet confirmed. I am close to settling with the creditor. I am going to receive a cash payment of $17,500 as part of the settlement. #1) Does the judge have to approve this settlement #2) Do I need to amend my Schedule C to exempt this settlement amount even though at the time of filing this case was not pending
I'm in negotiation with a Bank to settle a business Line
I'm in negotiation with a Bank to settle a business Line of Credit. First, they cannot seem to send me the original signed document (requested from Corporate and through this associate now, twice). Maybe there's a chance they can't find it (from 2007). It was the same case with home sales as you may recall.My second offered now is 40% in writing with my reasons, but they are now requesting financials before "reviewing it." I feel like I'm allowing them discovery on me, but they are not allowing me discovery. I've communicated this concern, but not sure how hard I should/could play my hand. We are not BK material, my wife is employed and making a lot.Any negotiation suggestions? My instincts say that I should withhold our W2's until I see what I signed. And if they can't produce the Deed, then what do they have? Could I walk away?Thanks, John
I filed a Chapter 7 bankruptcy 'per-se' and attended
I filed a Chapter 7 bankruptcy 'per-se' and attended my hearing. The hearing was adjourned and in the interim, I was asked to provide several documents as well as file an exemption at my local county court. I have provided the requested documents although I am unsure which exemption form I need to use. Is it DC-454, 449 or which one do I need to file as part of the homestead exemption?
I am confused.....I am trying to file a chapter 7 in
I am confused.....I am trying to file a chapter 7 in Colorado pro se. On the Nolo web site it says Colorado does not honor federal exemptions and that you MUST use state exemptions. When I look at the Colorado Chapter 7 pro se package on schedule C, it only lists federal exemptions. The Colorado BK Court website does not state anything ( that I see ) about state only exemptions. Can I use federal 11 522 USC (b)(3) exemptions in Colorado? Thanks