Bankruptcy and Accident Insurance Proceeds If you received proceeds due to an accident you were involved in, there are issues to consider that can affect their protection eligibility in a chapter 7 bankruptcy. Depending on when the accident took place and why the proceeds were paid, bankruptcy exemptions may protect proceeds from creditors. An issue [...]
Your House During Chapter 7 Bankruptcy Many debtors are under the impression that they will automatically lose their home if they file Chapter 7 bankruptcy . The idea has even kept many from filing to begin with but in most cases, you'll be able to keep personal property including your home. The ability to keep [...]
Secured Property and Chapter 7 Bankruptcy It's common to be told by your bankruptcy attorney or trustee that secured property should be paid for or returned in a Chapter 7 bankruptcy case. Meaning if you have a debt that includes secured property with a lien, you'll have to set up a payment arrangement with the [...]
Once you've filed a Chapter 7 bankruptcy you can expect that fact to stay on your credit report for up to 10 years and how quickly you build you credit back up depends on the steps you take to rebuild it. But fortunately for Chapter 7 bankruptcy filers mortgages are handled a bit differently than [...]
In the recent Chapter 7 bankruptcy of a Texas debtor, the bankruptcy court ruled that debt owed to a partnership would be nondischargeable because the debtor willfully neglected their fiduciary duty. Early on in his tenure as president of B & W, Harwood (the debtor) began withdrawing funds from FNFS for his personal use, including [...]
Whether you've filed for bankruptcy or thinking about it, you might want to know what happens to your car loan after Chapter 7 discharge. You have several options open to you for keeping or surrendering your car. The option you choose ultimately depends on your ability to pay your car loan, the value of your car, [...]
In the Chapter 7 bankruptcy case ofHageney, Keith T. and Carolyn J.; In re, the bankruptcy court ruled that a debtors' Chapter 7 bankruptcy case was probably filed in bad faith because the debtor purchased an unnecessary luxury item just 10 weeks before filing bankruptcy. The details of the bankruptcy case: The debtor-husband was a [...]
In the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvar v. Title Cash of Montana Inc., et al.), the bankruptcy court found Title Cash (the creditors) to be in civil contempt for violating the bankruptcy discharge. The details of the bankruptcy case: The debtor filed for Chapter 13 relief on Nov. [...]
David Bagwell, a Colleyville luxury home developer has placed the partnerships that own three of his subdivisions into Chapter 7 bankruptcy so that he can avoid foreclosure on the undeveloped land. The group of creditors who hold the debt for the partnerships called Old Grove Ltd, Broughton Ltd. and Broadland Ltd., demanded payment from Bagwell, [...]
In the Chapter 7 bankruptcy case of Boliaux, Edward F.; In re, the bankruptcy court overruled an objection to a reaffirmation agreement saying that the objection, which was based on the hardship presumption, was moot because the presumption had expired. The details of the bankruptcy case: The Chapter 7 debtor reaffirmed a debt owed to [...]