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Most Recent ‘Q&A’ Posts

Paying for Bankruptcy

My friend is filing for bankruptcy and he has asked his parents to pay the fees. His parents are seniors on a very small pension. He doesn’t work and does not seem emotionally capable of working with other people. He has been out of the work force for about 4 years. How can a person […]

Bankruptcy and pending litigation

I’am a party to a lawsuit which is winding it’s way through our legal system. I expect to gain a large sum of money if I win the lawsuit. I don’t expect the lawsuit to be resolved anytime soon though. If I declare bankruptcy now do I have to inform the trustee about the pending […]

what happens ifyour creditors oppose discharge?

I AM IN THE PROCESS OF FILING BANKRUPTCY. I OWE ABOUT 80,000. ITS BEEN A TOUGH YEAR WITH DEPRESSION , SEPARATION, AND A DROP IN MY INCOME. ALSO I LOST A LOT TO GAMBLING. NOW I HAVE QUIT GAMBLING AND STARTED TO FACE MY ISSUES. THE TRUSTEE I AM DEALING WITH SAID THAT IF MY […]

Tax refund owing after bankruptcy discharge

If you have a tax refund owing once you are discharged from bankruptcy and creditors do not make claim to it will you get that refund and how long should it take to get that refund.

Child support back pay

My husband is thinking about filing bankruptcy. I will not be filing. I currently recieve child support from previous marriage. I realize that my income including this child support is taken into consideration. My ex-husband owes me back pay for child support for the last 2 years in the amount of $2500. It is in […]

Supplementary cards

I am a supplementary card holder on a mastercard where my wife is the primary cardholder. The agreement says that I am responsible for any debt incurred. I have been a supplementary card holder for over 3 years now and not once have they reported on my credit bureau – the payments have never been […]

Bank Statements

I haven�t been making any payments on my credit cards and the phone calls won�t stop so i am considering bankruptcy. I owe about $50,000. If i do decide to file, will i have to show my bank statements to show where every penny went over the past months or is that only looked at […]

Division I proposal and unanticipated problems.

If I make a Division I proposal which is accepted and many months later I run into problems which temporarily reduces my income , do I get any leeway with the payments? Or will I be forced into bankruptcy for the original amount plus interest? Example: I make a proposal to pay 1000 dollars a […]

Opposing a discharge.

Can a creditor oppose a bankrupt’s discharge for a small misrepresentation on the credit application? One of my creditors is threatening to do that if I declare bankruptcy. In the online application for credit I had stated that my salary was 72K whereas the actual salary was 60K. (I had included a onetime special award) […]

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