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Can you sell your home in New York State and then file for personal bankruptcy within 12 months?
Wiki User
∙ 8y ago
Selling or otherwise transferring an asset in anticipation of bankruptcy can cause issues. See a lawyer in your area.
Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Wiki User
∙ 8y ago
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Can a person file for bankruptcy from out of state?
Venue lies in the federal bankruptcy court district where the person has lived for the past 6 months, or most of the past six months. Since it is a federal court, it has jurisdiction over all issues from another state. Consult an experienced local bankruptcy lawyer.
Are there any personal exemptions of property in a bankruptcy action?
If you mean exemptions of personal property, as opposed to real estate, yes, but they depend on state exemptions or federal exemptions in states that allow a choice of state or federal exemptions. Consult a local bankruptcy lawyer for specifics for your state.
In a WA state Ch 7 bankruptcy how do you know whether to claim the federal or the state exemptions?
You should choose the one that is most beneficial to the party involved personal situation. Please refer to the page link for Washington State Bankruptcy Exemptions.
If an executor of a will waits six months after a bankruptcy to give the bankrupt his inheritance is it safe from the trustee?
Maybe. It depends upon the type of bankruptcy that was filed (state or federal) and the time the bankruptcy petitioner actually was awarded the inheritance, not accepted it. A bankruptcy case is officially finished when it is closed, not discharged.
If fully paid can you keep your motorcycle if you file personal bankruptcy in Pennsylvania?
In federal bankruptcy, it depends on the value of the motorcycle and whether you can exempt it or pay the trustee the value of the bike. If there is a state bankruptcy procedure in PA, the rules may be a little different.
What is the property limit you can include on a bankruptcy?
If by "property limit" it is meant what personal and real property can be exempted from bankruptcy, that is determined by the type of bankruptcy you must file, federal or state. To discover what the type and amount of property one is allowed to exempt you can search federal bankruptcy exemptions or (name of state) bankruptcy exemptions; in a few states the person can choose to use either set of exemptions or a combination thereof.
Mental health rights regarding personal bankruptcy?
That would depend on a variety of factors that you do not state, and that we are not equipped to address. Your bankruptcy attorney should be able to answer any questions you might have. If not, find a different attorney.
How much value of personal property is exempt in cap 7 bankruptcy?
This is based on whether your particular state follows the federal exemptions or if only state exemptions are allowed.
Can you file bankruptcy in another state?
no, only in the state you are domiciled or if its a business, in the state where the business is located. More accurately, it can be filed in any state in which you have lived for more than half of the previous 6 months or have significant assets, or where the business has an office or other assets. You cannot file in more than one bankruptcy court.
Has the state of Michigan ever filed for bankruptcy?
No. No state has ever filed for bankruptcy. States are not coverd by current U.S. bankruptcy laws.
Can you file Chapter 7 and keep your house and car?
Whether you can keep your house and car depend on how much equity is in your house and car and the available bankruptcy exemptions within your state. If the bankruptcy exemptions allow you to protect the equity in these assets then you should be able to keep them in bankruptcy.
Can you find out if person has claimed bankruptcy?
It depends on who "you" are. If the person has lived in the same state or part of a state for his adult life, you can search the records of the bankruptcy court for that state or district within the state. If the person has moved around a bit, you can only find out by getting access to a credit report. which most ordinary people cannot do. Somelocal newspapers publish local bankruptcy filings, but not all of those newspapers put their contents online.
