Bankruptcy Law

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An unimpaired creditor filed a really dodgy proof of claim
An unimpaired creditor filed a really dodgy proof of claim in my bankruptcy. They claim to be the lender, but that's because one of their employees is also a MERS asst. secretary, and signed an assign… read more
Law Educator, Esq.
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If a bankruptcy has been terminated, the house has NOT been
if a bankruptcy has been terminated, the house has NOT been sold (chapter 7), to pay creditors, is the trustee still an active participant until the home is sold? What id there is no equity left in th… read more
Roger
Roger
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There is a judgment against a couple and their adult son.
There is a judgment against a couple and their adult son. Now this couple filed bankruptcy and having the adult son as their dependent, so they could make themselves qualified for Ch 7 BK. 1. The son … read more
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Roger, if I file a Chapter 13 bankruptcy, does that mean my
Roger, if I file a Chapter 13 bankruptcy, does that mean my debt on the house (home equity) is cancelled? thanks, Tanya… read more
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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
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Hi, I am from New Jersey and I am being sued by Credit
Hi, I am from New Jersey and I am being sued by Credit Acceptance Company for the amount of 7,000$. My vehicle was repossessed about a year ago after missing one payment. I was never told that they we… read more
socrateaser
socrateaser
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I just filed chpt 13 for the sole reason of stripping a 2nd
I just filed chpt 13 for the sole reason of stripping a 2nd that based upon home value is unsecured - the equity line is with US bank and my 1st told me that when they checked my credit (i was inquiry… read more
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Our atty filed a motion to reopen our bankruptcy case that
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If a couple has been married for the past 26 years, with two
If a couple has been married for the past 26 years, with two children (one 22, the other 15... both US Citizens) face foreclosure and bankrupcy... and the husband is an illegal resident, age 62, and s… read more
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I am currently in a chapter 13 bankruptcy. I am refiling for
I am currently in a chapter 13 bankruptcy. I am refiling for a chapter 7 due to the fact that the car I had in the bankruptcy died and costs more to repair than it is worth. My lawyer advised me I wou… read more
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when filing bankruptcy in virginia, does the IRS do a US search
when filing bankruptcy in virginia, does the IRS do a US search for titles and deeds? Im afraid to mention some property I own 50 50 with a friend of mine. This land was land I grew up on and was in m… read more
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I had filed Chapter 13 bankruptcy in late May my 341 meeting
I had filed Chapter 13 bankruptcy in late May my 341 meeting has not arrived yet. So today I see that Capital one put a claim in for $5000. They are unsecured general. Where did they come from? This i… read more
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Wow thanks I read those rules and then some. I dont understand
Wow thanks I read those rules and then some. I don't understand why you said "the unrecorded first lien does not need to be stripped off for the reasons mentioned" in your 10:02 am post. Because Wont … read more
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I recently opened a new retail wine store and of course have
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I am stuck on schedule C with my house (the one I want to exempt).
I am stuck on schedule C with my house (the one I want to exempt). I put the value of $245,000.00 as "CURRENT VALUE OF PEROPERTY WITHOUT DEDUCTING EXEMPTION" and then I have a first of $252,000.00 and… read more
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Customer I have no ownership of the LLC I manage which
Customer I have no ownership of the LLC I manage which is owned by my daughter. 5years ago I made an agreement with a broker who was a direct agent of the lender to sign a Note and Deed of Trust in my… read more
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I am the defendant - an individual mortgagee - property in
I am the defendant - an individual mortgagee - property in South Florida. The mortgagor filed BK chp 13 on 6-7-11. Has not paid mortgage pmts for June July or August. BK plan seeks to lower the remain… read more
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cfortunato
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If I find out that I have non exempt assets if I were to file
If I find out that I have non exempt assets if I were to file bankrupcy, am I allowed to sell them for fair market value and use the money to go on vacation and enjoy some of what I have before I file… read more
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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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