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Can you use tenancy by the entirety to protect property during bankruptcy when using federal exemptions or can it only be applied when state exemptions are used?
Wiki User
∙ 11y ago
Any interest in property, no matter how you hold title, has to be disclosed for possible payment to creditors.
Wiki User
∙ 11y ago
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Do you have to pay to file bankruptcy?
No, there are easily applied for exemptions to the charges....ask you court clerk.
Can bankruptcy take your cars?
Bankruptcy doesn't "take" anything. On filing, all of your assets become property of the bankruptcy estate, administered by the trustee, unless it is exempted. Some states require you to use the state exemptions, some let you choose between the federal or the state exemptions, and the rest require the federal exemptions. You can usually exempt one motor vehicle (what it's worth, less any liens or loans), though the federal "wild card" exemption can be applied to anything, including a second vehicle.
Can i withdrawl my 401k while in chapter 13 bankruptcy in Louisiana?
Bankruptcy is a federal procedure in a federal court. What state you are in is irrelevant except for exemptions. Your 401(k) balance is exempt by federal law, but once you withdraw money from it, that money is no longer exempt, and the trustee will want it to be applied to your plan. If you withdraw it and fail to disclose that to the trustee, you may find your bankruptcy in serious trouble. Don't do it.
How are estate tax exemptions applied?
When you click on the link that has been provided for you below this answer you will go straight to a page which has all the information you are looking for regarding tax exemptions
How do you file bankruptcy to get a judgment off your driver license?
Filing for bankruptcy will have no effect on any judgement that has been applied against your dirvers license.
How can the reflexive property be applied to check the accuracy of a solution to an equation?
how can the reflexive property be applied to check the accuracy of a solution to equation?
Which branch of government regulates bankruptcy?
Bankruptcy in the United States is governed under the United States Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States." Congress has exercised this authority several times since 1801, most recently by adopting the Bankruptcy Reform Act of 1978, as amended, codified in Title 11 of the United States Code and commonly referred to as the "Bankruptcy Code" ("Code"). The Code has been amended several times since, with the most significant recent changes enacted in 2005 through the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). Some law relevant to bankruptcy is found in other parts of the United States Code. While bankruptcy cases are filed in United States Bankruptcy Court (units[1] of the United States District Courts), and federal law governs procedure in bankruptcy cases, state laws are often applied when determining property rights. For example, law governing the validity of liens or rules protecting certain property from creditors (known as exemptions), may derive from state law or federal law. Because state law plays a major role in many bankruptcy cases, it is often unwise to generalize some bankruptcy issues across state lines.
Can you cosign for a car if you are filing for bankruptcy in the future?
If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.
Can you file bankruptcy on a loan for a vehicle?
Probably yes. The reason for the "probably" is that you don't file bankruptcy on specific loans... you file bankruptcy in general, and it applies to most debts (there are certain types of debts that are not dischargable in a bankruptcy). Note that if you do file bankruptcy, you may have to sell the vehicle. In bankruptcy you are often required to sell certain assets in an attempt to at least partially pay off your creditors; you're allowed to keep a certain amount of equity in a vehicle specifically, and a certain amount in "general assets" (which can be applied to a vehicle or to cash or other personal property), but if the vehicle is worth more than that, you would have to sell it.
What property of colloids is applied an dyeing?
adsorptive
What is the tax that is applied on property and product?
dnt know
Which property of a body cannot be changed if a force is applied to it?
Its chemical property.
