How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Bankruptcy Lawyer

FiveStarLaw
FiveStarLaw, Attorney
Category: General
Satisfied Customers: 3317
Experience:  Bankruptcy Lawyer. Experienced.
9968427
Type Your Bankruptcy Law Question Here...
characters left:
Bankruptcy Lawyers are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Schedule D in Bankruptcy

Individuals filing for bankruptcy will be able to use a Schedule D to list creditors holding a secured claim. There is often confusion on what should be claimed on the Schedule D form? Uncertainty of how to properly fill out a Schedule D form often lead to questions like the ones answered below.

What is a Schedule D in bankruptcy?

Schedule D is a form in bankruptcy used to list creditors holding a secured claim. Schedule D would include mortgage and auto loans. It would not however include the actual real property that is the home or the car.

I have a title loan against my vehicle. Is there any way to get rid of the loan and would I need to file the loan on a Schedule D form?

If the creditor is holding the title, they are a secured creditor and belong on schedule D of the bankruptcy petition. You would not be able to get rid of the debt and keep the car. You would be able to walk away from the car if you no longer want it. You can discharge the debt. You can also pay the loan as it stands. Another option is to buy the car from the lender for the fair market value and discharge the rest of the debt (if the car is worth less than the balance owed) otherwise known as a redemption.

How would someone file an amended Schedule D?

You would begin by filling out the same Schedule D form that you filled out when you originally filed for bankruptcy. You would make the necessary changes to the form. Keep in mind that once you amend the Schedule D form the newly revised form will take the place of the previous form so you want to make sure that you fill it out entirely. Do not just fill it out with the changes. At the top of the form you will write “Amended”.

A copy of the amended Schedule D form will need to be mailed to the Bankruptcy trustee and to the United States Trustee. A copy of the form will need to be filed with the bankruptcy clerk and you will need to keep a copy.

You will also need to fill out an Amended Summary of Schedules. You will follow the same amending rules as with the Schedule D. And additionally mail and file with the appropriate people.

I had a judgment for an unsecured debt. I am now filing Chapter 7 bankruptcy. Do I put the judgment on Schedule D?

If this unsecured debt is something like a credit card then it would not go on Schedule D. Schedule D is used to list creditors that have a secured claim. You would only need to put the judgment on Schedule D if the creditor has put a lien on any of your assets.

Having the right information and understanding of a Schedule D in bankruptcy can help when dealing with questions regarding a Schedule D. Experts can help answer questions about Schedule D inclusions or how to fill out an amended Schedule D. Get the answers fast and affordably by asking an Expert online.

Ask a Bankruptcy Lawyer

FiveStarLaw
FiveStarLaw, Attorney
Category: General
Satisfied Customers: 3317
Experience:  Bankruptcy Lawyer. Experienced.
9968427
Type Your Bankruptcy Law Question Here...
characters left:
Bankruptcy Lawyers are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Bankruptcy Lawyers are online & ready to help you now

FiveStarLaw
Attorney
Satisfied Customers: 3203
Bankruptcy Lawyer. Experienced.
Terry L.
Attorney
Satisfied Customers: 2204
Better Business Bur 15yrs bankruptcy experience. Chicago Bar
Phillips Esq.
Attorney-at-Law
Satisfied Customers: 950
B.A.; M.B.A.; J.D.

Recent Schedule D Questions

  • To Socrateaser: Questions: 1. Does the recording of a lis

    To Socrateaser:
    Questions:
    1. Does the recording of a lis pendens on a property give pause to a purchaser?
    2. Can a bk order in itself wipe out a lis pendens by stating in an order OK to sell over liens and lis pendens?
  • To Socrateaser:What would be the reason a real estate buyer

    To Socrateaser:
    What would be the reason a real estate buyer of property would be liable knowing there is litigation surrounding a sale?
    Are there any circumstances?
  • Hello, I'm looking for information on deficiency collection and lawsuits after short

    Hello, I'm looking for information on deficiency collection and lawsuits after short sale specifically regarding BBVA Compass bank. We went through a short sale in New Mexico and there is almost a $200,000 deficiency. We would like to settle for something less than the full amount, preferably less than 40% of the full amount, also would like to avoid litigation and would like to prevent the accrual of interest on the debt while waiting for who knows how long to settle?
    We now live in California. We would like to avoid going through a chapter 13 bankruptcy or having to sell our current home to pay off this debt.
< Last | Next >
View More Bankruptcy Law Questions