Bankruptcy Law

Bankruptcy law questions? Ask a bankruptcy lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Related Bankruptcy Law Questions
I have an S-corp which is going to close due to losses and
I have an S-corp which is going to close due to losses and unsustainable debt. In the process we will be filing personal Chapter 7 bankruptcy. There is roughly $300k in business debt we have personal … read more
Law Educator, Esq.
Law Educator, Esq.
126,126 satisfied customers
I am having troubles because I am going through a separation
Customer: ***** *****. I am having troubles because I am going through a separation and my husband is going to file bankruptcy in the near future. My husband and I had agreed on a settlement, but when… read more
socrateaser
socrateaser
35,669 satisfied customers
I have a question about personal bankruptcy. I was off
I have a question about personal bankruptcy. I was laid off from a high-paying executive job three years ago (was making about $185K/year, down from $300K/year). I decided to start my own consulting c… read more
Attorney2020
Attorney2020
Lawyer
2,480 satisfied customers
HI, I trying to see what my Options are for a potentially
HI, I trying to see what my Options are for a potentially filling for Bankruptcy chapter 13 or any other chapter that will allow me to keep my assets and wipe some of my debits. I got a divorce in 201… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 satisfied customers
Have a high value equity in real estate. Want to do Chapter
Have a high value equity in real estate. Want to do Chapter 11 for individual. Lawsuit debt is 1.4mm (no judgement yet, and unsecured due to lease contract). Can Chapte 11 be done for fraction of the … read more
socrateaser
socrateaser
35,669 satisfied customers
The owner of our business (an LLC in California), has 300K
The owner of our business (an LLC in California), has 300K in credit card and other unsecured debt. A few of us employees are considering taking over the business, if the the owner can offload the CC … read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Can a married person on social security, and two pensions totaling
Can a married person on social security, and two pensions totaling under $26k, file for BK if their spouse is employed and earning $55k. The total income is still unable to pay monthly debts (mortgage… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Thx for the quick response. Heres where it gets a little
Thx for the quick response. Here's where it gets a little tricky: Under his company reorg, he's made all payments, but appx $200K of the company debt is also secured by his personal guarantee. He make… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
27,036 satisfied customers
The economic crash of 2008 effected my business (S corp) and
The economic crash of 2008 effected my business (S corp) and I have only managed to stay afloat by loaning the company nearly $300K out of my own savings. At this point it does not look like it's goin… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
How does bankruptcy laws affect a pending divorce, (ie. we
How does bankruptcy laws affect a pending divorce, (ie. we are over $700K in debt)? My soon to be ex spouse will not finalize the divore because I am currently legally responsible for all our debt as … read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Bankruptcy questions We are trying to figure out how to
Bankruptcy questions: We are trying to figure out how to reset our debt and put ourselves back on track. First here's a bit of background: My wife is working making a gross of $82K a year. I've became… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,315 satisfied customers
Can my parents file for bankruptcy if they have personal and
Can my parents file for bankruptcy if they have personal and business debt and still keep their home and business(including property)? My Parents have accrued debt as a result of a long standing busin… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
Is this a correct assumption 1. If a married couple were to
Is this a correct assumption? 1. If a married couple were to file for bankruptcy and they own (paid for) a 2005 Chevy Corvette the lawyer might recommend that they sale it? 2. Are they required to fil… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
if i own a property in new jersey in joint tenancy with my
if i own a property in new jersey in joint tenancy with my brother and he files for bankruptcy can a trustee force sale of our property to pay off my brother's debts. our house is around 300k… read more
wallstreetfighter
wallstreetfighter
Attorney
Doctoral Degree
11,809 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
I am from Tennessee and our house is upside down in value value
I am from Tennessee and our house is upside down in value value 900000 K, loan 1.6 mill. JTWRS. Bank will not adjust loan to lower payment,. My net worth is(-200,000 K). No retirement funds left. MD, … read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
The owner of the nail salon I frequent has not paid the mortgage
The owner of the nail salon I frequent has not paid the mortgage on her house for 1 year. She has worked out some deal with the her bank, that she cannot honor. She cant pay her rent in the business e… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,778 satisfied customers
My home is in Orange County, California, one of the hardest
My home is in Orange County, California, one of the hardest hit real estate markets. We paid $3M for the house 3 years ago, it's now worth $1.5M maximum. I owe $2M on the first mortgage, $725K on the … read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers

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).

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

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.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, 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!!

ElaineAtlanta, 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.

TonyApopka, 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

< Previous | Next >

Meet the Experts:

Terry L.

Terry L.

Attorney

2,778 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.

< Previous | Next >

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).

Show MoreShow Less

Ask Your Question

x