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Can a trustee in chapter 7 bankruptcy take all of your income tax check if you have kids?
Wiki User
∙ 14y ago
Sure. Can you take the money and not pay it back as you promised from a business whose owner and employees have kids?
Wiki User
∙ 14y ago
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If you have a chapter 7 discharged and then something happens with your home can you open a chapter 13 to save your house then you change your mind and the chapter 13 is dismissed what does thi?
What happens if you have paid all fees for a chapter 7 bankruptcy and your trustee tells you to turn over your income tax check and you don't because you are laid off and you are using the income tax check to pay bills and medical expenses and the trustee has threaten to revoke your bankruptcy due to non payment of your income tax check
During your bankruptcy how many weeks does it take to receive your income tax check?
I am asking how long for the trustee sends me the amount I am supposed to get on my income come tax check.
Is it safe to rent to someone in an open chapter 13 bankruptcy?
What do you mean by "safe"? The rental agreement or lease will not be affected by the Chapter 13, but you as a prospective landlord should make sure the rent amount is in the plan or is supported by the debtor's current income, which would have to be more than the original income. Many Chapter 13s crash in the first year, or before they are completed, and are converted to Chapter 7s. Check with the trustee or check the docket in the bankruptcy court to see if there have been problems.
You have past tax debt in chapter 13 bankruptcy Will you still get your stimulus check?
Unless the Internal Revenue Service has made a mistake, any tax owing is due and payable whenever income is generated. This means that there will be no stimulus check issued.
When in a chapter 13 bankruptcy for more than 4 years and receiving money for a 100 percent disability that happened after filing bankruptcy can bankruptcy take the settlement?
"Bankruptcy" does not take anything. The Chapter 13 Trustee is the one who "takes" anything there is to be taken. And, no, your settlement - if you mean a retroactive check for disability (SSDI) - is not available to the trustee. If you are talking about a settlement of a lawsuit, probably not, unless the cause of action existed at the time you filed the c. 13 and did not exempt any possible award. Talk to your bankruptcy lawyer.
How do I convert chapter 13 bankruptcy to chapter 7 myself What should be included in the motion to convert letter?
The debtor (or the debtor's attorney) can do this with a simple filing - usually an "Ex Parte Motion to Convert Chapter 13 to a Chapter 7." Providing the debtor's bankruptcy has not previously been converted already, the debtor/debtor attorney can do this without the permission or advance permission of either the bankruptcy judge or the Chapter 13 trustee that is managing the bankruptcy up until that point (hence, the "Ex Parte" part of the document). There are notice requirements - check with your local bankruptcy district to see who this needs to be mailed out to. Also, there is usually a small fee involved (it usually involves the debtor paying the difference in cost between a Chapter 13 and a Chapter 7 filing, but may be different - again, check with your local bankruptcy court). The debtor will be required to go through another 341 creditor's meeting with the new Chapter 7 trustee.
You have file personal chapter 7 bankruptcy in Dec 09 and due to receive a settlement check for a diminished value automobile claim from March of 2007. Does the Trustee get to keep the proceeds?
Unless you claimed the proceeds as exempt when you filed, the trustee gets the money.
Would you be asked to put a mortgage on your house to pay your bills if you file for chapter 7 bankruptcy?
No. But if you have equity in your home it may not be the best approach. A chapter 13 is designed for a situation where the person has equity or is behind on payments. In a Chapter 7 - You will be asked to pay the Trustee the value of the equity of your home... so if you have $15,000 in non-exempt equity, you'll most likely have to write a check to the Trustee for $15,000 or surrender the home. no ,but if you include the Mortgage on your property in your bankruptcy,most likely you will have to surrender the property to a court appointed trustee
When the bankruptcy court directs you to forward your income taxes to them for the next 5 years do you send them the actual original check or deposit it and mail a personal cashiers check?
You deposit the check and send them a cashier's check or money order. (Unless the Trustee accepts personal checks)
How do you fix a judgment against you when the company that sued you has filed bankruptcy?
The judgment becomes an asset of the bankruptcy estate and thus the "property" of the trustee. The trustee may decide to abandon the judgment as not worth collecting, or may pursue its collection. Either call the trustee's office or check the docket and documents in the bankruptcy court. If by "fix" you mean pay, check with the trustee's office before sending any money or bank check to anyone. You may be able to settle the claim for less than the full amount. If you are uncomfortable doing it yourself, get a bankruptcy lawyer.
Do you receive a check when filing bankruptcy?
Sorry, the question is confusing. In bankruptcy the filer reliquishes all non-exempt assets to the trustee, I have no idea of what type of "check" you could be referring to.
The initial bankruptcy amount has been paid now all the excess money has been paid as well it was paid on December 10th does this mean the trustee is allowed to take the next years income tax?
When I did a Chapter 13 bankruptcy, I was concerned that they would take my income tax refund. For five years, they never touched it. You should be fine, but your bankruptcy lawyer is bound by law to represent you through your entire bankruptcy. (Although he may charge you more). You may want to check with your attorney to be sure.BEST ADVICE: Contact your bankruptcy attorney, a tax professional, or the IRS. This is not a question you should risk getting a correct answer to here.
