Jessica
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Bankruptcy - A Way to eliminate or Reorganize your debts

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desparate

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0.10 Dollars($)

Post     Post subject: alimony

can you get it reduced when your pay has lesssened to disability
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desparate

Guest






0.10 Dollars($)

Post     Post subject: alimony arrears

what do you do if you can not catch up
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Guest








0.10 Dollars($)

Post     Post subject:

I don't think it gets lessened. Better consult your attorney in this regard.
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happy n sad

Guest






0.10 Dollars($)

Post     Post subject:

I'll be inheriting assets worth $35,000 in a week or 2. Yes, I am very happy for that. But the problem is elsewhere…I had just filed for bankruptcy (Ch 7) because I was unable to pay debts of $40,000. I was thinking if I could dismiss my bankruptcy as now I’m capable of paying back the debts. I had heard that court dismisses the bankruptcy if debtors are not present during the hearing. Do you think I can dismiss my bankruptcy in this way? I haven't contacted my lawyer yet…just want to get some great advise from you all…
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Mini Profile  jerry
jerry
Moderator


Joined: 17 Oct 2005
Posts: 2617
Location: MICHIGAN

415.55 Dollars($)

Post     Post subject:

Hi,

I don't think it's a great idea to not attend the court hearing and dismiss the bankruptcy. There are chances that the court may consider this as a fraud and may even penalize you. In my opinion you should contact your lawyer and take his suggestions. I don't think even he will agree to this.

Thanks,

Jerry
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Daisy

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0.10 Dollars($)

Post     Post subject:

Me and my husband…both of us are looking at filing bankruptcy. I know there are different ways to avoid this bankruptcy but I don't think we will be able to because my husband has been without work for about a year and there is no chance that he will be getting a job in the near future... He is trying desperately to look for employment and now he is thinking of moving outside state to get a job. My question will be Should we try to sell our house before declaring bankrupcy or should we sell the property after we have declared it??
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Mini Profile  Niicss
Niicss



Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey

499.28 Dollars($)

Post     Post subject:

Hi Daisy,

You should file bankruptcy first and then sell off the property during the bankruptcy. This selling of the property should be done in the presence of your bankruptcy trustee. Your bankruptcy attorney will also be able to guide you in a better way. As far as I know, your case will be filed in the state where you are living right now. Moreover, you should also note that in any case, you should not transfer the property right now to anyone else because such a transfer may be considered as a fraudulent one by the trustee.

Thanks

_________________
Good is the Enemy of Great.
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Tulip

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0.10 Dollars($)

Post     Post subject:

I am about to file chapter 13…due to some hardships. Just wanted to ask you all if I can get credit cards once I file bankruptcy. I came to hear that I will not be able to get credit cards if I file bankruptcy! (Oh! Lord). Can anyone out here tell me if I'll be able to get credit cards after filing bankruptcy or not???
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Mini Profile  jerry
jerry
Moderator


Joined: 17 Oct 2005
Posts: 2617
Location: MICHIGAN

415.55 Dollars($)

Post     Post subject:

Hi Tulip,

As far as I know, you will be able to get a credit card though you file a Chapter 13 bankruptcy. Getting a credit card will also help you in improving your credit score in the long run. But it is always better to get a secured credit card after bankruptcy rather than getting an unsecured one. A secured credit card is the one which is obtained by opening up a savings account with a bank offering such a program. The bank will offer a credit card and secure it with a deposit.

Thanks,

Jerry
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Starting Over

Guest






0.10 Dollars($)

Post     Post subject: My Home

Hello, I've recently filed for Chp 7. I have my 341 appearance next Tues. I've included my condo in my bankruptcy because that is what created my financial downturn. How long can I stay in my condo after my bankruptcy is completed?
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Mini Profile  adonis
adonis



Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA

1042.50 Dollars($)

Post     Post subject:

Hi Guest,

Once the bankruptcy trustee decides to liquidate the property and sells it off to a new owner, you will have to leave the property.

_________________
Procrastination is the enemy of your financial success
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Suzie

Guest






0.10 Dollars($)

Post     Post subject: Large Purchases

Does a cash advance of $30K classify as a"large purchase" which is not dischargeable in a BK 7? I advanced the money to help pay my bills and mortgage while I was unemployed.
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Guest








0.10 Dollars($)

Post     Post subject:

I think it will be discharged when you file Chapter 7 bankruptcy.
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Doris

Guest






0.10 Dollars($)

Post     Post subject:

I signed mortgage on a mobile home 9 yrs. ago so my sister and her kids would have a place to live. My sister promised to try and get the morgtage in her name after making payments for a few yrs. She won't try and get it into her name. She has made all the payments. Anything I can do?
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greatshowtks@yahoo.com

Guest






0.10 Dollars($)

Post     Post subject:

I have borrowed from friends and relatives and have given them promisory notes stating I will repay them when I sell my home. If I declare chapter 7 bankrupcy will they come before credit card companies when and if I sell my house ? THANK YOU.
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