Bankruptcy
What does an order of relief from stay and abandonment mean?
I got a order of relief of stay and abandonment property in my chapter 13 Bankruptcy case in the mail today that claimed there was a motion filed on May 2nd we never got notice what is this
What steps should we take after the buyers filed for bankruptcy?
My wife and I own a first trust deed on a summer vacation cabin which is serviced by a title company--Pioneer Title Agency, Inc. We received notice from the title company that the buyers (debtors) have filed a Chapter 7 Bankruptcy. The title company assures me that the note is paid up currently. I have attempted to contact the bankruptcy trustee bu t have not heard back. A meeting of creditors is scheduled for April 26, 2012. The deadline to object to debtor's discharge or to challenge discharge ability of certain debts is 6/25/12. As owners of the trust deed, shat steps should we take to secure our rights to the real property? Do we need to seek the services of a lawyer, or can we handle this ourselves. We currently live in Missouri so would find it difficult to attend hearings.
What are the differences between foreclosure and bankruptcy?
Foreclosure versus bankruptcy
How does divorce affect bankruptcy during a difficult marriage?
I am married, undergoing the lats few months of a bankruptcy, but am completely unhappy. Friends have offered me a place in their country with a possibility to start over, but it's a limited time offer. I'd like to just leave and file for divorce after I leave to avoid the horrendous arguments I know would ensue, but don't know how that would affect the bankruptcy, or the division of property. I don't want anything - he can have the house, etc. I just want my car, my pets and a few personal belongings. I know that the trustee has the right to deny or delay a divorce until after a bankruptcy is finished but honestly, each day is more and more painful here, as we don't have, and haven't had, what I would consider a marriage in years.
Do I need to include my wife's income in my bankruptcy filing?
I am considering Chapter 7 Bankruptcy. I am married but filing alone. By business debt is $98,000 and non business debt $89,000. I understand I might not have to MEANS TEST because I have more business debt than consumer debt, but my wife & I have a combined income of $178,000 out of which mine is only $12,000 and right now I am unemployed.After all our expenses including the payment on my debt ($3400 a month) we do have some money left over each month.My question is in a Bankruptcy filing on my own do I have to list my wife's income and if so is there a chance the court put me into Chapter 13 rather than Chapter 7?