Bankruptcy Law

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Related Bankruptcy Law Questions
I am filing a chapter 7 bankruptcy and I have a few
Hello. I am filing a chapter 7 bankruptcy and I have a few questions regarding cars and how they are dealt in the bankruptcy:1. I have two cars both of which were financed and I am currently continuin… read more
Terry L.
Terry L.
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Doctoral Degree
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Can I use the federal exemptions law to protect my home and
Second opinion] Can I use the federal exemptions law to protect my home and my large tax return? My home is worth like $2400,000 but has equity of $8000.00. I subtracted the remaining mortgage amount … read more
Terry L.
Terry L.
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Doctoral Degree
2,932 satisfied customers
I own a auto that is paid in full...I want to sell this auto
I own a auto that is paid in full...I want to sell this auto to my x wife who I have been divorced for 15 years. If I file bankruptcy will this sale be consider a prohibitive transfer or will my x wif… read more
Christopher B, Esq.
Christopher B, Esq.
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Juris Doctor
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I am contemplating bankruptcy due to the fact that I have over
I am contemplating bankruptcy due to the fact that I have over $50,000 in credit card debt. This was incurred after my husband passed away 4 years ago and I purchased my own home individually. I would… read more
Roger
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I'm filing a California Chapter 7. I have a 2014 Mazda CX-9.
I'm filing a California Chapter 7. I have a 2014 Mazda CX-9. I just financed it last fall. The payoff is probably about $38k, and it is worth about $32k. I also have about $14k in camera and technolog… read more
Phillips Esq.
Phillips Esq.
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JD
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Spouse is filing chapter 7 in CA all debts are in his name.
Spouse is filing chapter 7 in CA all debts are in his name. Will I have to pay for any of his debt. I have explained to creditors I didn't know half of the cards he had existed. And will I have to giv… read more
wallstreetfighter
wallstreetfighter
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If a debtor who lives in NY and owns 3 cars with a
If a debtor who lives in NY and owns 3 cars with a cumulative value of $15,000 and is filing a chapter 13 BK would they be able to keep the cars?… read more
wallstreetfighter
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I need to do banktruptcy 7 I have about 35 thousand on credit
I need to do banktruptcy 7 I have about 35 thousand on credit cards, I have a civil penalty from the state of Arizona for $15 thousand that I'm making payments every month (i heard that i wont be able… read more
A.J.
A.J.
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Doctoral Degree
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Is there any way to protect any part of my tax refund from
Is there any way to protect any part of my tax refund from my trustee in bankruptcy? I really need the money. I live in Idaho.… read more
wallstreetfighter
wallstreetfighter
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Doctoral Degree
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Utah exemption 78B-5-506(2) allows $3,500 for "tools of the
Utah exemption 78B-5-506(2) allows $3,500 for "tools of the trade." I have two cars. One is a sedan I use for most longer commutes and then I have my Ford Expedition I use to haul all of my tools to m… read more
John A. Flynn, Esq.
John A. Flynn, Esq.
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Doctoral Degree
95 satisfied customers
My wife filed Chapter 7 BK ( by Herself only ) 11/20/11 and
My wife filed Chapter 7 BK ( by Herself only ) 11/20/11 and it was discharged 2/14/12.She had a 2000 ford expedition with 160,000 miles that was valued at the time $2800.She owned the vehicle out rite… read more
wallstreetfighter
wallstreetfighter
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My question is in regards XXXXX XXXXX Bankruptcy. What is a
My question is in regards XXXXX XXXXX Bankruptcy. What is a wild card option in Bankruptcy? In regards XXXXX XXXXX? . Also, if my wifes name is XXXXX XXXXX ownership (title), and i file individual Ban… read more
cfortunato
cfortunato
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Utilizing Federal exemptions would a tax return be exempt in
Utilizing Federal exemptions would a tax return be exempt in a chapter 7 BK? The amount of the refund is $4,000… read more
cfortunato
cfortunato
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i am going to need to file bankruptcy. My wifes car and mine
i am going to need to file bankruptcy. My wife's car and mine were in collisions same day,, they totaled the avalanche that was in my name only. The Tahoe has a loan on it in bothh of our names,,,,the… read more
Ray
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Doctoral Degree
59,509 satisfied customers
In a Chapter 7 what happens to the cash in the bank account
In a Chapter 7 what happens to the cash in the bank account? Does the wage exemption help cover this? If you use California's "System 2" is there a wage exemption? What does it mean by "Use Federal No… read more
cfortunato
cfortunato
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In the event it becomes necessary for us to go bankrupt, I
In the event it becomes necessary for us to go bankrupt, I was told they wouldn't, take our two cars as one is a Chevy Avalanche 2003 with 140,000 miles and the other is a Saturn 2002 with 118,000 mil… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
We live in Illinois. We received a tax refund of $8222. The
We live in Illinois. We received a tax refund of $8222. The bankruptcy trustee is demanding that we turn over $4000.00 of the return. We are having our attorney request that we keep it on the grounds … read more
Ellen
Ellen
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Doctoral Degree
20,945 satisfied customers
If I file bankruptcies what would I be allowed to keep I owe
If I file bankruptcies what would I be allowed to keep? I owe on my house and $43k in credit card debt, I have two autos that are paid for. Which chapter would I file. I have been unemployed fro 2 mon… read more
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Attorney T. Lodge
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Meet the Experts:

Terry L.

Terry L.

Attorney

2,932 satisfied customers

Better Business Bureau. 20+yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

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527 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.

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263 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

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209 satisfied customers

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

Law Girl

Law Girl

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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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