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If three siblings jointly own property in Colorado can one file chapter 13 bankrupty?
Wiki User
∙ 15y ago
Sure. That persons 1/3 interest in the property weill be included in the BK filing though.
Wiki User
∙ 15y ago
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What should you do if you want to file bankrupty but your name is on your parents' property and you don't want to lose the property?
File a Chapter 13 Bankruptcy It allows you to keep the property and make payments you can afford.
Can you get a used car loan while you are on chapter 13 bankrupty?
Highly doubtful.
Can you include speeding tickets in your chapter 7 bankrupty?
No...fines and such are not dischargeable...as that would be against their purpose and the public good.
What will happen to GM stock holders if they file chapter 11 bankrupty?
your stock will go back to 100 dollars
I filed bankrupty under Chapter 13. My student loan is included in the Chapter 13 and I am paying on it. Can I still apply for another student loan?
Only if you have the courts permission
What does chapter 11 bankrupty mean?
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.
Where is the Friends Of Mineralogy Colorado Chapter in Golden Colorado located?
The address of the Friends Of Mineralogy Colorado Chapter is: Po Box 5276, Golden, CO 80401-0502
Why should a bankrupty be registered on the insolvency register?
"It is important to go through all the steps to successfully file Chapter 7 bankruptcy. By registering on the insolvency register, an individual can protect themselves from prosecution from debtors. Chapter 7 Bankruptcy offers a new financial start to people that qualify."
If one sibling filed chapter 7 and there is property that is left by your deceased parents but no succession has been filed by your siblings can a trustee sell the property to pay creditors?
Only that property that is determined to be owned by the sibling. If property is owned jointly between the sibling and the remaining family, the remaining family may be forced to get a loan to pay the appraised value of the siblings share. As this Q is frequently referred to by those asking about a trustee that is a sibling.....a trustee is NOT the owner of any of the proerty he is trustee for...in fact, IT CANNOT be used for his personal needs.
Does bankruptcy attorney keep rental property income?
The answer to this question depends on whether you are filing Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 bankruptcy, if the rental property has equity, meaning that the value of the property exceeds what is owed on the property, the trustee would almost definitely seize property and sell it to satisfy some or all of your unsecured debts.
Can a secured debt be taken from you after it was discarged in a chapter 7?
In most Chapter 7 cases you are not including secured property unless you are surrendering the property back to the creditor. If you are holding on to secured property during a chapter 7 process the property must be reaffirmed with the creditor at time of filing meaning you have an agreement with the creditor to leave the property out of the bankruptcy and continue to make your payments. When you discharge debt through chapter 7 it doesn't make sense that you could keep a secured piece of property and not pay for it. Maybe you were unclear about what you were really doing.
What chapter proceeding the debtor surrenders his nonexempt property for division among his creditors?
The chapter that typically follows a debtor's surrender of nonexempt property for division among creditors is Chapter 7 bankruptcy. In Chapter 7, a trustee is appointed to liquidate the debtor's nonexempt assets to pay off creditors.
