Bankruptcy Law

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Related Bankruptcy Law Questions
I am most likely having a judgement of around $70,000 put
I am most likely having a judgement of around $70,000 put against me. Does this qualify to write off in a Chapter 7? I have no money to pay it back and living paycheck to paycheck.… read more
Barrister
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Doctoral Degree
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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 sig… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
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How Does Legal Seperation(Stipulation Signed by Judge)
How Does Legal Seperation(Stipulation Signed by Judge) Pertain to Community Property(California) Laws when only one owner files for Chapter7? I was Told that Legal Seperation splits the Property Equit… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
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Chapter 7 Bk Illinois. I am married,but want to file Single
Chapter 7 Bk Illinois.I am married,but want to file Single Bk chapter 7. I am worried about losing my condo,primary residence. I purchased my Condo,located in Chicago,BEFORE marriage and mortgage is i… read more
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Filling Bk 7 in Illinois/married filling separateI need to
Filling Bk 7 in Illinois/married filling separateI need to file Bk because I have lots of debt and no job anymore. I am married,w small kids,and I want to file by myself(not joint w my spouse).I own a… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,782 satisfied customers
On a different case, someone, who owns an LLC as a sole proprietor,
On a different case, someone, who owns an LLC as a sole proprietor, and has 2 cars under the LLC, one worth 5k used by him for business, the other worth 2k used by wife, also used for business, if he … read more
Attorney2020
Attorney2020
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MY wife is going to end up having to file Chap7. We pass the
MY wife is going to end up having to file Chap7. We pass the means test for income as she's working part time and I'm unemployed. Two part question: I own two homes, that's not in her name, that I bou… read more
A.J.
A.J.
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How would a home, with equity above the exemption limit, owned
How would a home, with equity above the exemption limit, owned by a debtor filing chapter 7 BK and the home is titled in the her name as well as her siblings names who are not filing?… read more
cfortunato
cfortunato
Attorney
J.D.
8,023 satisfied customers
If a person that is married in Pennsylvania owns a home with
If a person that is married in Pennsylvania owns a home with wife and husband individually files for Chapter 7 and uses the Federal exemptions and not the state exemptiions does that person still get … read more
cfortunato
cfortunato
Attorney
J.D.
8,023 satisfied customers
In a chapter 7 bankruptcy does the filer retain potential judgments
In a chapter 7 bankruptcy does the filer retain potential judgments from plaintiff civil actions such as suits claiming malpractice or converison?… read more
cfortunato
cfortunato
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J.D.
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So if I have a brokerage account that is not subject then to
So if I have a brokerage account that is not subject then to any exemption and is proeprty of the bankruptcy estate, who is responsible for the tax consequences of taking that money? Can I turn the en… read more
John A. Flynn, Esq.
John A. Flynn, Esq.
Attorney/Owner
Doctoral Degree
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Under California BK laws is the filer/debtor allowed to keep
Under California BK laws is the filer/debtor allowed to keep any cash or investments for living expenses, if Soc.Sec. benefits are not enough? And there are no govt. qualifieded savings/investments or… read more
cfortunato
cfortunato
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I prev asked a RE atty about the following, can you pick up
I prev asked a RE atty about the following, can you pick up with your thoughts and let me know. Concerned about wether to file before or after we buy the new house, and how BK Judge will view what is … read more
wallstreetfighter
wallstreetfighter
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Doctoral Degree
11,809 satisfied customers
When filing a bankrutpcy petition without your spouse, can
When filing a bankrutpcy petition without your spouse, can you still double and claim the states (VA) homestead exemption, even though your spouse is not a co-filer?… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,782 satisfied customers
My husband of 5-years filed for Bankruptcy. Are my Assets
My husband of 5-years filed for Bankruptcy. Are "my" Assets safe as a Non-filing spouse? His attorney doesn't know...is that normal? We have not co-mingled any accts or funds, nothing is joint. I have… read more
Brent Blanchard
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If there is equity in your home and nothing else can you still
If there is equity in your home and nothing else can you still reaffirm your home loan and file a chapter 7 bankruptcy on your credit cards and personal loans?… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,782 satisfied customers
Texas. Chapter 7 qualified. We own outright 4 parcels. Family
Texas. Chapter 7 qualified. We own outright 4 parcels. Family land passed on. They are all under the same survey. Qwned 3 of the 4 parcels over25 years. Purchased 16 acres from father 2 years ago. Par… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
I was injured at work 2-8-2007 I am 60 years and 8 months old
I was injured at work 2-8-2007 I am 60 years and 8 months old my case was settle in Sept.2008.My expense for each month including the mortgage since 2005 are $5,000. I did not find any jobs and I am U… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers

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Meet the Experts:

Terry L.

Terry L.

Attorney

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Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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JoeLawyer

JoeLawyer

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Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

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Experienced consumer bankruptcy attorney.

Fritz

Fritz

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Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases

Law Girl

Law Girl

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I am an attorney.

Paul K, Esq.

Paul K, Esq.

Attorney

141 satisfied customers

10 years Exp., Great customer service, Prompt responses.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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