0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can you keep your cars when you file for chapter 7?
Yes, in most cases, a person can keep their cars when they file for Chapter 7 bankruptcy. It will ultimately depend on the bankrupt court.
Can you file chapter 7 in Florida and keep your home and property?
No
Can you keep your airline miles in a chapter 7 bankruptcy?
Yes
Can someone put a lien on your paid off boat before you file chapter 7 bankruptcy?
Sure
Are you allowed to keep your primary home and investment property if file you chapter 7 or 13?
If I file chapter 7 or 13 how long can I stay in my house?
In chapter 7 can you keep the house?
Yes. you can keep the home. Make sure to consult a bankruptcy attorney
If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Can you keep rental property chapter 7 IL?
As long as any equity you may have on the house is under the exemption amount and you would otherwise qualify for a chapter 7.
If your husband's boat was gifted to spouse for one dollar 3 years before he filed bankruptcy can the courts take it?
yes, if filing chapter 7 no, if filing chapter 13
What is the difference between a Chapter 7 and a Chapter 11 business bankruptcy filling?
In Chapter 7 bankruptcy, assets of a business are sold to help pay back their debts. In Chapter 11, businesses can keep their assets and try to negotiate new terms with their creditors.
What must be done with the vessels registration paper?
keep it aboard the boat when in operation.
If you already filed chapter 13 is it possible to change it to a chapter 7 and keep your property and house and give back your automobile?
You can convert your Chapter 13 fo a Chapter 7 if you are eligible for a Chapter 7 discharge. In most cases, you can turn the car back in and the lender would hae the right to file a proof of claim to the extent they weren't able to sell it for the full amount of the loan. The amount property that you can keep is determined by state law. All states have a homestead exemption to protect the equity in your house, but the chapter 7 trustee could sell your home anyway if you have a boat load of equity. Filing for bankruptcy also became a lot more complicated starting 10/17/05, so you should see a qualified bankruptcy attorney in you state before taking and further action.
