Bankruptcy Law

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Related Bankruptcy Law Questions
I'm going to have to declare chapter 13 bankruptcy what are
I'm going to have to declare chapter 13 bankruptcy what are the secured vs. Unsecured debts and what does that mean? Only on credit cards and other places like hospitals and offices because I'm disabl… read more
Terry L.
Terry L.
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Doctoral Degree
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Chapter 7 filing. State: In a simplified example, if a Chap
Chapter 7 filing. State:In a simplified example, if a Chap 7 filing successfully results in the cancellation of $100K of unsecured debt, does the person filing the Chap 7 owe federal taxes on the $100… read more
Phillips Esq.
Phillips Esq.
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JD
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I have the following question:Facts: (1) My corporation
I have the following question:Facts: (1) My corporation filed a voluntary Chapter-11 in December of 2012 (2) My late father's estate (obviously a related party) was an unsecured creditor (3) The deadl… read more
Roger
Roger
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My wife passed away last week and we have been treading water few years now with our
My wife passed away last week and we have been treading water for a few years now with our credit card debt. I need to know if bankruptcy is an option that is right for me. My annual gross income is $… read more
Attorney2020
Attorney2020
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I have three rent houses in Texas And I am going to file bankruptcy.
I have three rent houses in Texas And I am going to file bankruptcy. My brothers live in two of them and they are making the payments on them. There is a little equity in them. Can we keep the two hou… read more
socrateaser
socrateaser
35,737 satisfied customers
I am employed and make a pretty good hourly rate, but am out
I am employed and make a pretty good hourly rate, but am out of work between jobs, and have a not so dependable income. I have substantial debts and seek to learn the various options available to me. … read more
Ellen
Ellen
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I live in Illinois and earn 92000 a year. i have about 60K
I live in Illinois and earn 92000 a year. i have about 60K in credit card debt and can't afford to make payments. i have a wife and 2 children and a mortgage on a house (2200). My wife used to work fu… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
I had a near perfect credit score but im sure its dropped
I had a near perfect credit score but i'm sure it's dropped a little. I'm considering filing for bankruptcy, but want to know if 1- i must appear in court, and 2- how it will, if at all, affect my tax… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
If I file a Chapter 7 bankruptcy, how will that affect the
If I file a Chapter 7 bankruptcy, how will that affect the current foreclosure proceedings that are pending on my home? Will it stay those proceedings? How is real estate handled in a bankruptcy proce… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
Hi! I feel that I need to take out bankruptcy to avoid creditors
Hi! I feel that I need to take out bankruptcy to avoid creditors of unsecured debt from taking my home, car, and other assets I'm afraid of losing. However, I lost my job (real estate related) and hav… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I have a bankruptcy question. I am a CPA and just about to
I have a bankruptcy question. I am a CPA and just about to complete my CFP designation as well. My brother-in-law has been seeking my advice in regards XXXXX XXXXX financial situation. I recommended b… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
Im currently unemployed and owe $870K in mortgages (two),
I'm currently unemployed and owe $870K in mortgages (two), $80K in federal income taxes, $100K in student loans and $30K in unsecured debt. I plan to short sell one of the homes and allow the other to… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I am purchasing a new home using money from an IRA account
I am purchasing a new home using money from an IRA account as a down payment. I understand that in 2011 I will owe income tax on the $30,000 I am pulling from my IRA (I am not yet 59). I also will hav… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
I just have a quick question I have been in a trying to settle
I just have a quick question> I have been in a trying to settle my bills for about the last two years. I have paid off half of them but the last 2 big ones I can't seem to make any headway. My wife… read more
Ellen
Ellen
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Doctoral Degree
21,737 satisfied customers
can I file in new york, keep my house if I am earning 70,000
can I file in new york, keep my house if I am earning 70,000 (dow from 450,000) and can't pay my bills?… read more
Ellen
Ellen
Attorney
Doctoral Degree
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Due to the economy, I have a home but find myself in over my
Due to the economy, I have a home but find myself in over my head with Credit Card debit, the financial institutions all say no to home equity due to missed/late payments (5 negatives) or report but 5… read more
NY/MA Attorney
NY/MA Attorney
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Doctoral Degree
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I am not quite there yet but my business partners and I are
I am not quite there yet but my business partners and I are quickly approaching a decision about bankruptcy. There are three of us. A sixty percent owner and two twenty percent owners. We are an S Cor… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,782 satisfied customers
my brother is going to marry a woman who just confess to having
my brother is going to marry a woman who just confess to having 500,000 medical debt that she took over for her sister. They are about to get married. I believe she hasn't files bankruptcy. The questi… 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

2,782 satisfied customers

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

cortrightlaw

cortrightlaw

Attorney

513 satisfied customers

Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

JoeLawyer

JoeLawyer

Attorney

376 satisfied customers

Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

Attorney

262 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

Attorney

209 satisfied customers

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

Law Girl

Law Girl

Attorney

153 satisfied customers

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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